Statute of Limitations Analysis

The IRS generally has 10 years from the date of assessment to collect back taxes, penalties and interest from taxpayers. After the 10 year period has passed, a taxpayer can simply inform the IRS in writing that they no longer have the right to collect this tax liability and they will not owe anything to the IRS. If the statute of limitations applies to their case, the IRS will write off the taxpayer’s liabilities.

This seems like a simple way to avoid paying expired tax liabilities. However, as with all IRS rules, there are certain exceptions to this rule. For example, if the taxpayer has signed a waiver agreeing on a payment extension, filed bankruptcy, filed an offer in compromise or filed a timely collection due process hearing request, their case may not qualify to meet the statute of limitations. With our statute of limitations analysis, our tax experts can give your case a thorough examination and determine whether or not your tax liabilities can be written off as expired.

Interested in finding out if your tax liabilities are no longer collectible? Contact us today to schedule a free consultation.

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