The IRS generally has ten years to collect your tax debt from the time the tax is assessed. This period can be extended if certain events take place that toll the statute of limitations of tax debt collection.
Key Insights We Will Discuss:
Events that could extend the collections period for your tax debt.
How to determine when your tax debt will expire.
Options when the collections period is about to expire on your tax debt.
The Collections Statute Expiration Date (CSED)
The CSED is the date your tax debt officially expires. Once that occurs, the tax debt is no longer legally enforceable.
The CSED is generally ten years from the date of tax assessment. Tax is considered assessed when you file a return or when a deficiency assessment is made.
Events That Extend Your CSED