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Importance of the 10-year collection statute when resolving back taxes – Orange County, CA
 At EA Tax Resolutions we teach our clients in Orange County, CA about the IRS 10-year collection statute and the importance it has on our strategy to resolve their back taxes.
The IRS has 10 years to collect on your tax debt after the tax has been assessed. Once that 10-year mark runs up, you are clear and free of that tax debt. Now, many people might think they can run from the IRS until the 10-year mark, however this is not easy to do, and not something we recommend. However, the 10-year collection statute, or as the IRS like to call it the Collection statute expiration date (CSED), has a very important role in the process of resolving our tax debt.
The reason we always have the CSED in mind when planning a strategy to resolve back taxes is because the IRS uses this date when figuring any resolution option. Weather that be a settlement option in the Offer in Compromise or a Payment Plan, the IRS is always going to look at if the debt can be repaid within the 10-year collection statute.
For this very reason, we can take different paths to resolve your debt based on the CSED. If your ... more

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