Date: 2017-11-15 15:47
Time Limits on IRS Collections #irs #lawyer
# Time Limits on IRS Collections When you owe money to the IRS, are you on the hook forever? Fortunately, the answer is usually “no.” As a general rule, there is a ten year statute of limitations on IRS collections. This means that the IRS can attempt to collect your unpaid taxes for up to ten years from the date they were assessed. Subject to some important exceptions, once the ten years are up, the IRS has to stop its collection efforts. Every year, the statute of limitations expires for thousands of taxpayers who owe the IRS money. If your ...
2017 tax filing mistakes that could delay your refund #filing #taxes #late #refund
# 2017 tax filing mistakes that could delay your refund Mistakes are part of life, but try not to make them part of your tax return. One misstep could hold up your tax return — maybe even your refund — for weeks or months, and you might even end up on the hook for interest and penalties. Here are 11 tax mistakes you definitely want to avoid: 1. Missing the deadline Never blow off the April tax filing deadline. If you have to file after the deadline and are worried about what happens when you file taxes late. know that ...