If you owe the IRS money, then you should be aware that there is a statutory limit of 10 years on collection of back taxes. The statutory period begins on the date your tax amount is assessed. In addition to this, the required letter of notice must be sent out. Once the collection statute date expires, it is possible that your back taxes could be fully eliminated. The IRS can extend the Statute of Limitations in some instances. It’s important to double-check and make sure whether the back taxes have been forgiven or not.
If you feel you may be eligible for IRS Tax Expiration, then contact us at The Tax Resolvers so that we can take steps to verify whether this is true. Never just assume that the back taxes are no longer owed. Always make sure of the status of unpaid taxes.
Don’t try to fight the IRS alone, our tax professionals can help!