Does an IRS installment plan extend the 10 year collection statute?

An IRS Installment Plan doesn’t extend the IRS Statute of Limitations period for the collection of debt. The IRS has 10 years to collect a tax debt.  The 10 year period begins on the date the tax balance is “assessed”. The tax is usually assessed Read More …

IRS LEVY – Two reasons to file the IRS Collection Due Process Appeal late

IRS LEVY? Two reasons to file the IRS Collection Due Process Appeal late The IRS is a debt collection machine. If there were an NFL Draft for debt collection outfits, the IRS would be the first player drafted every year. Part of the reason why Read More …

IRS DEBT? IT CAN BE SOLVED

IRS Debt: The stuff of sleepless nights and serious regrets. If you have a serious tax debt ,you may have some regrets and worse…you may feel as if there won’t be a viable solution. I can tell you though that for many people with serious tax Read More …

When the IRS audits, adjusts or files a substitute tax return, pay close attention to deadlines

IRS Audit?  Pay close attention to deadlines, they mean something A great number of Americans owe the IRS at any given time.  Some estimates are as many as 10-15% of all taxpayers owe…right now.   The most common reason I see a consumer owing tax, Read More …