The IRS has 10 years to collect a delinquent tax liability. The statutory period starts on the date the tax is assessed and the statutory required notice letter is sent. If this collection statute date expires, there is a chance that you are free and clear of your IRS tax obligations.

Statute of Limitations on IRS debt can, however, be extended or amended in several instances; including a pending Offer in Compromise, Tax Court proceedings, a taxpayer’s waiver, or numerous other instances.

If you believe that your tax liability is approaching, or over the 10 year Statute of Limitations period, call one of our tax specialists to discuss your options and if you have possibility of allowing your tax liability to expire.