IRS Collection Statute of Limitations – What’s That?

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It’s a fairly well kept secret that the IRS does not have the rest of your life to collect tax liabilities that you may owe. Most taxpayers with tax problems think that the problem will hound them until the day they die. I’m here to tell you that that is untrue. You see the law says that they have 10 years from the date of the assessment to collect the tax. Now there are lots of exceptions and events that can stop or “toll” the running of the Collection Statute Expiration Date (CSED). Learn more about these time limitations in the video below.

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