The IRS has a certain period of time in which they have to collect monies from taxpayers that have not paid their bill in full.
We are a full service tax firm that specializes in IRS tax relief.
The IRS has generally 10 years from the date of the assessment, which is usually 6 weeks after filing your return, to collect the money in full.
At the end of the 10 years the debt is written off by the Federal Government. After that, the taxpayer wants to make sure the Federal Tax Lien no longer effects their credit.
A release of Federal Tax Lien can be requested by the taxpayer and the IRS must release the lien.
What can extend the 10 year statue of limitation???
1.
Bankruptcy
2. Judgment/Litigation
3. Offer In Compromise
4. Signing of a waiver.
Certain things extend the statute of limitations.
If you are not sure it’s best to pull an IRS tax transcript to find out what your 10 year extended date may be.
If you have questions you can email us or call us today regarding the release of your federal tax lien.
How Long Can The IRS Continue to Collect My Back Tax Debt, Release of a IRS Tax Lien = What You Need to Know, Former IRS Help