How long does the IRS have to collect a tax liability?
IRS Collection Problems?
Options for taxpayers who owe taxes
If you owe taxes but can’t pay in full, there options for you. Most importantly, make sure you file your tax return and pay as much as you can. Then let the us help you choose your best option to pay. Here are some options to consider, even if you can’t pay the full amount right now:
The IRS can seize your assets as long as you owe any part of a tax debt and the 10 year statute on collections has not expired. Generally, levies are one-shot affairs. The government must prepare and send a new levy notice every time it wants to seize..
About Kevin Pohle
Established in 1992, Kevin L. Pohle, CPA, LLC has been providing exceptional tax and accounting services to businesses and individuals throughout Western New York for over 20 years.