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Does My IRS Debt Live Forever?!
Not many people know this but the IRS has only a set time to collect unpaid taxes. Once this collection period passes, called a statute of limitations on collections, the tax debt is written off.  
IRS Statute of Limitations on Collections
Generally, the IRS has 10 years from the date of assessment to collect a tax. Sounds easy right. Wait out the IRS for ten years and you're home free. Not so fast.
First, 10 years is a long time and the IRS is certainly not going to sit idle. The IRS has the power to seize bank funds or garnish your wages. It can also file a lien on your property, which may make it hard to later sell it. 
A word of warning, if you owe a substantial tax debt and have assets of value than the IRS can file a suit in court to get a judgment against you. Court judgments can last for 20 years or more. The IRS doesn't do this in a lot of cases but the risk is still there.
Second, even if you avoid IRS collections, if you take advantage of bankruptcy or certain IRS progams to stop or slow down IRS collections than you may extend ... more

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