Aug 17, 2022
3:15:11pm
3:15:11pm
There’s a 10-year statute of limitations on collection. By law, the IRS has 10
years to collect what you owe them.
Statute starts once you file, so a person who hasn’t filed returns is often screwed, but if you’ve filed just not paid, you can often negotiate down the amount you owe, since those debts will disappear at some point and the IRS will be motivated to collect something.
The IRS doesn’t want your house and doesn’t really want to garnish bank accounts or wages, but it’ll start doing that to get a person’s attention once a few years have gone by and the limitation on collection is looming.
Statute starts once you file, so a person who hasn’t filed returns is often screwed, but if you’ve filed just not paid, you can often negotiate down the amount you owe, since those debts will disappear at some point and the IRS will be motivated to collect something.
The IRS doesn’t want your house and doesn’t really want to garnish bank accounts or wages, but it’ll start doing that to get a person’s attention once a few years have gone by and the limitation on collection is looming.
- Previous username
- hansel
- Bio page
- RevolutionDeathsquad
- Joined
- Oct 25, 2004
- Last login
- May 5, 2024
- Total posts
- 24,702 (1,901 FO)
Messages
Time
8/17/22 2:59pm
8/17/22 3:03pm
8/17/22 3:09pm
8/17/22 3:10pm
8/17/22 3:46pm
8/17/22 3:50pm
8/17/22 3:54pm
Have you ever called and talked with them? If not, do so. Since you have unusual circumstances you won't be talking
8/17/22 3:53pm
8/18/22 12:20am
8/18/22 11:25am
8/18/22 5:59pm
8/18/22 11:45am