Statute Of Limitations The IRS Has A Time Limit To Collect Taxes.
Did you know that your IRS problems will eventually end? The IRS can only collect on your taxes for 10 years from the date of the assessment of the tax. There is also a time limit on audits which is 3 years from the date of the filing of the tax returns. However, there are many factors which can extend these time periods, including submitting an offer in compromise which is not accepted, requests for due process hearings, requests for innocent spouse relief or filing a bankruptcy that is not discharged. Determining when the statute of limitations expires is important to know what the best option is to resolve your case!
As a local Sarasota Tax Attorney concentrating in IRS Problem Resolution, I can help you decide if the IRS Statute of limitations may be helpful with your IRS tax debt problem. Please call the Law Office of Mary E King for your consultation at 941.906.7585 or email Sarasota Tax attorney Mary King Esq. for your IRS Tax help consultation.