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 with the IRS. So, if you haven’t filed in a few years the IRS still has 10-years to collect from you from the date you file your old returns.
Even if you did file years ago the IRS can extend the 10-year CSED if you filed for bankruptcy, submitted an offer in compromise or appealed certain decisions.
Now, there are strategic ways that a tax resolution specialist can resolve your debt using the CSED to your advantage. This can take the form of a partial pay installment agreement or a currently not-collectible status. If you have an outstanding debt owed to the IRS (or state taxing agency) call us to find out what options are available to resolve the issue once and for all.
At Tax Resolution 360 we are experts in IRS tax problem resolution and CSED strategy. We know how to navigate the IRS maze with ease. We help taxpayers with their IRS problems every day. There is a solution to EVERY problem! Call us today for a FREE confidential consultation.