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Statute of Limitations
dealing with the IRS |
| Ten (10) year statute of limitations | |
| Generally speaking, the IRS is limited to a ten (10) year period from the date of assessment of a tax liability to actually collect the taxes due. This is an important fact when planning a course of action with a taxpayer who is unable to pay his tax liability in full over a period of a few years.. | |
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| Copyright © 1997 Gill &
Company, CPAs. All rights reserved. Revised: September 29, 1997. |