irs tax relief firms: The IRS Doesn't Have Forever to Collect a Tax Debt! - 06/29/21 02:20 PM
Many taxpayers who owe the IRS believe that they will owe the government forever.  However, that’s not true.  The IRS only has 10 years to collect a tax debt once the tax is assessed, assuming that there are no actions taken by the taxpayer to stop collections.  It is also known as the Collection Statute Expiration Date (CSED). 
 
How is the CSED calculated?
The calculation begins on the date that the tax is assessed, if electronically filed, that’s usually within 24 hours of filing, but paper returns will take longer to get processed.  HINT – that’s a good reason to always file on … (0 comments)