The IRS has ten (10) years from the date of a tax assessment to collect a debt from the taxpayer.
The date the collection statute expires is called the Collection Statute Expiration Date or CSED.
When this date passes, the IRS is barred from attempting to collect your tax debt unless you waive the enforcement of the statute.
When Does [...]
Tags: Statutes of Limitation · Tax Collections
David Loeb v. Commissoner of Internal Revenueand Harold Molaison v. Commissioner of Internal Revenue (Consolidated) – The issue for decision in these consolidated cases was whether the statute of limitations barred the IRS’ issuance of the Notices of Deficiency.
IRC § 6501(a) provides,
Except as otherwise provided in this section, the amount of any tax imposed by this title [...]
Tags: IRS Penalties · Statutes of Limitation
Wall Street Journal – Taxes Blog
