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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.