FRESH START TAX CAN RELEASE THESE EXPIRED TAX LIENS 1-866-700-1040
Collection Statute Expiration Date is only good for ten ( 10) years. It then does away by federal statute.
Generally the IRS has ten years from the date tax is assessed to collect the unpaid liability. Once a statutory expiration date is reached, the IRS can release any federal tax liens filed against the taxpayers property or anything the federal tax lien attaches to. By law all federal tax lien are release by statue.
Be Aware, you may have multiple years you may owe, each tax period generally has it’s own statute. The best way to find out when your statue expires is to have Fresh Start Tax pull a transcript and fully examine the case history to make sure the statutes were not extended. One reason in hiring a professional company is that they have a tax professional hot-line to retrieve the information from.
BEWARE Again, if you call and ask it is possible IRS may reopen your case file again. Do not give IRS an information. If they think you are trying to beat the statue , they may reactivate the case back into the system for collection action.
What tolls the statue. The most common actions that extend the statutory collection period are
- a pending bankruptcy,
- a judgment
- litigation in tax court,
- a collection due process appeal( CDP )
- a pending offer in compromise,
- the taxpayer resides outside the U.S.
- the taxpayer voluntarily signs a waiver extending the collection statute.Form 900
- military deferments,
- tax assistance orders
- estate tax liens.
- Each taxpayer’s situation is unique and may possess its own complexities, it’s important for the taxpayer to not assume that a tax liability has expired just because ten years has passed. Professional assistance from Fresh Start Tax is important to get the tax problem resolved quickly and right.
