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How long does the IRS have to Collect Back Taxes from you?

People often wonder a couple different questions when it comes to the IRS collecting back taxes from you. How long does the IRS have to assess additional taxes owed? And how long does the IRS have to collect that money from you?

The IRS generally has three years from the date you file a tax return to assess additional taxes for that particular tax year. There are some exceptions to this three year rule. If you fail to file a return or file a fraudulent return the IRS has an unlimited amount of time to assess additional taxes for that year.

After the IRS assesses you with additional tax, they have 10 years from the assessment date to collect it from you. The 10 year period can only be extended for people who have entered into installment agreements or the IRS obtains court judgements.

But the 10 year period can be suspended under a couple different circumstances. This happens when the IRS cannot collect money due to the taxpayer’s bankruptcy or there’s an ongoing collection due process proceeding involving the taxpayer.

Please consult your tax advisor on all the above information.

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