The general rule is that if ten years have passed since the IRS first discovered your tax debt then they can't collect the debt from you anymore. (Good luck making it that long without being levied or garnished). It becomes illegal for the IRS to contact you regarding the debt 10 years after they determine you owe it.
That is the general rule, but here are the exceptions that extend the 10 years:
- Filing An Offer in Compromise
- Being in litigation with the IRS
- Request a Collection Due Process Hearing
- Federal Lawsuit: If the IRS sues you the statutes can be extended
- Signing a Waiver: Signing a waiver might be required for things like setting up an Installment Agreement with the IRS.
- Ch. 7 or Ch. 13 Bankruptcy
For more details about this you can read
here...
Disclaimer
The content on this blog (www.acollinscpa.blogspot.com) is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. It should not be relied upon as specific tax advice for your personal situation. I strongly suggest that when it comes to filing your taxes, you get additional, professional guidance from individuals who are familiar with your specific circumstances. Those who choose to rely solely upon the information on this site do so at their own risk and peril, and cannot hold the author liable in any form or fashion.
IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
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