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Posts Tagged ‘tax statute of limitations’

Everything You need to know about Tax Debt Statute of Limitations

The IRS has 10 years to collect back taxes. This time limitation is known as statute of limitations. It is also commonly called the collection statute. According to the IRS, “a statute of limitation is a time period established by law to review, analyze and resolve taxpayer and/or IRS tax related issues.” This rule is not law, and therefore, can be broken by the IRS. There ...