| It is humane nature to take the path of least | | | | 2. The Internal Revenue Code (IRC) states that the |
| resistance. When it comes to paying and settling back | | | | Internal Revenue Service (IRS) will assess, refund, |
| taxes, in some cases, the only way the tax payer is | | | | credit, and collect taxes within specific time limits. |
| going to resolve the matter is through some type of | | | | These limits are known as the Statute of Limitations. |
| tax debt relief such as the IRS Statute of Limitations. If | | | | When they expire, we can no longer assess additional |
| you are not aware of this form of tax debt relief, take | | | | tax, allow a claim for refund by the taxpayer, or take |
| notes, this could exactly what you're looking for to get | | | | collection action. The determination of Statute |
| from under the burden of back taxes. Here's what the | | | | expiration differs for Assessment, Refund, and |
| IRS Tax code has to say about the IRS Statute of | | | | Collection. |
| Limitation. This comes directly from the IRS. This is one | | | | Do you understand what you just read? If you qualify, |
| option of resolving your back taxes the IRS will not | | | | this is instant tax debt relief! In a nutshell, what the IRS |
| inform you of. | | | | is saying is this, from the original date of the assessed |
| 25.6.1.2 (10-01-2001) | | | | back taxes; the IRS has ten years to collect. If not, all |
| What is a Statute of Limitation | | | | bets are off. There are other options that may be |
| 1. A statute of limitation is a time period established by | | | | available to you. The point being is, don't be |
| law to review, analyze and resolve taxpayer and/or | | | | discouraged, daunted or intimidated just because your |
| IRS related issues. | | | | situation seems hopeless. |