Statute of Limitations

Many people do not realize that there is a statute of limitations on both the IRS’ right to audit your returns, and its right to collect past due taxes from you.

  • A statute of limitations exists on IRS’ right to audit (generally 3 years from date of filing of returns)
  • A statute of limitations exists on IRS’ right to collect (generally 10 years from date of assessment of liability)
  • Both can be extended if an Offer in Compromise is filed and not accepted; if a bankruptcy is filed and the debt was not discharged; if the taxpayer is out of the country for at least 6 months; or if the taxpayer voluntarily extends the statute.

One of the services Tax Problem Solver, Inc. provides is determining exactly when the statute of limitations will expire in your case. We know the answers and we can help solve your tax problems!

Contact us now to get your life back.

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