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It’s important for you to know that your IRS Problems are not a Lifetime Sentence. The tax liabilities will eventually expire but when? Well the Collection Statute of Limitations is 10 years from the date of the assessment of the tax. What does that mean? It means that the IRS can only collect your taxes from you for 10 years from the date that you officially owe the taxes.
There are many many factors that can toll or enlarge this time frame. Some examples include the filing of an Offer in Compromise, a Request for a Collection Due Process Hearing, Innocent Spouse Relief, Bankruptcy and more.
Take a look at the short video for even more information about how the Collection Statute Expiration Date. You’ll be glad you did.
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