Many taxpayers don’t realize that the IRS has a limited amount of time to collect certain tax debts. In most cases, this collection statute is ten years from the date the tax was assessed.
However, determining how much time is actually left is not always straightforward. Certain actions, such as filing for an Offer in Compromise or entering into specific agreements, can pause or extend the timeline.
We carefully review your IRS transcripts and account history to determine where you stand. If your debt is approaching the end of the collection period, we can help you build a strategy that minimizes payments and avoids resetting the clock.
