EXPIRATION OF TAX LIABILITY

There is a 10 year statute of limitations to collect a delinquent tax liability; this period is initiated the day the tax is assessed and the statutory letter is sent out. If the statutory date should expire it is possible that you may no longer be held responsible for the tax liability, however in most instances the IRS debt can be extended or amended.

How the Statute of Limitations Can Be Extended:

There are various reasons the IRS Statute of Limitations can be amended including but not limited to:

• An Offer In Compromise Filing
• Tax Court Delays or Proceedings
• A Waiver by the Taxpayer

• Military Deferment

• You Are Abroad 6 Months or More

There can be numerous indicators for the IRS to be granted an extension or amendment, so do not assume that because the limitation date has expired that you are in fact clear of the tax liability. It is imperative to consult with our tax professionals to ascertain if your tax liability has in fact expired and to discuss free of charge what your options may or may not be.