The IRS has a window of 10 years to collect back taxes from you. After
that period, they are compelled by law to cease from conducting any collection
activities against you. This window begins when one of two criteria is met:
when the IRS officially determines that you owe taxes, or when the result of an
IRS audit is finalized.
Be careful, though, because you could unwittingly extend this 10-year
window indefinitely. For instance, filing an offer in compromise, collection
due process appeal, innocent spouse request, and even bankruptcy permits the
IRS to collect money from you beyond the 10-year limit.
Once the statute of limitation has expired, the IRS will have to make
modifications to your tax records and credit your account for the amount of
unpaid taxes, penalties, and interest. You can obtain transcripts from the IRS
that verify you no longer owe them.
If you want to determine when your statute of limitations started and
how much time the IRS has left to collect from you, consult a tax attorney.
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