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EXPIRATION OF STATUTE(Game Over For IRS)The IRS has ten years from the date of assessment (sometimes close to the filing date and sometimes years later) to collect all taxes, penalties and interest from you. You do not owe anything after the ten-year date has passed. As with all IRS rules, there are exceptions to this rule. Some examples are, if you agreed in writing to allow the IRS more time to collect or if you file bankruptcy during the ten-year period. |
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If you think you are approaching this ten-year date, we can request copies of your IRS transcripts to verify the assessment date, so you can accurately compute when the ten-year statute to collect will expire. If the IRS is attempting to collect an expired tax liability, then you must inform the IRS in writing that they no longer have the right to collect this tax liability. The IRS will write off the tax liabilities that have expired. Let us help you decipher your assessment expiration dates. |
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ADVERTISING MATERIAL: (Please see our page on Know Your Legal Rights) ©2001-2009, Joseph M Arndt, III P.A.
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