by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
An Offer in Compromise is a legal binding agreement between the taxpayer and the IRS that settles the full amount owed. Many times, for a FRACTION of what’s owed. It’s the IRS’s version of a “fresh start” when it comes to IRS debt. If approved, the...
by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
It depends. The IRS is barred, by law, from collecting on a tax debt that’s 10 years or older from date of assessment. It’s called the 10-year Collection Statute Expiration Date or CSED. However, this 10-year clock starts with the filing of a tax return...