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Ignoring the IRS for 10 Years: Does Your Tax Debt Actually Expire?

About this episode

What happens if you owe the IRS money and simply…do nothing?

The IRS generally has a limited period of time to collect an assessed tax debt. That's where the famous 10-year IRS collection statute comes from.

And in this case, someone with old tax debt is wondering whether staying silent could actually work in their favor.

They're filing their current tax returns. They haven't entered into a payment plan. They haven't submitted an Offer in Compromise. And, apparently, the IRS isn't actively coming after them.

So does the clock keep ticking?

In this video, I break down what could happen when an old IRS debt approaches its Collection Statute Expiration Date and why some actions—including certain tax resolution procedures—can actually suspend the collection clock.

But there's a huge warning here:

Do not take this video to mean that ignoring IRS tax debt is generally a good strategy.

While the statute remains open, the IRS may pursue collection through wage levies, bank levies, Social Security levies, accounts receivable levies, and other enforcement actions.

The unusual part of this situation isn't that the clock continues running.

It's that the IRS apparently hasn't done much to collect before the clock runs out.

Need help with serious IRS tax problems? If you owe at least $10,000 in back taxes or have multiple years of unfiled returns, you may qualify for a free consultation with Choice Tax Relief.

https://choicetaxrelief.com/

📞 866-8000-TAX (866-800-0829)

#IRS #TaxDebt #IRSCollections #BackTaxes #TaxProblems #TaxRelief #IRSHelp

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Ignoring the IRS for 10 Years: Does Your Tax Debt Actually Expire?

Tax Relief with Logan Allec, CPA

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