The IRS only has 10 years to collect any tax debt you may owe. The clock starts ticking once the first tax notice goes out, regardless of whether you receive or respond to it. Once a decade has passed, the outstanding debt may possibly be forgiven if all attempts to collect have failed.
Before you get too excited however, remember that the IRS has many ways and means to recoup what’s owed. Wage garnishments, liens and levies, and asset seizures are some of the powerful tools at their disposal. The IRS use these collection tools sooner than the 10-year mark if you ignore notices or do not attempt tax resolution.
Under certain circumstances, the IRS is also to extend the statute and pursue collection for longer than a decade. Don’t try to beat the clock. Seeking tax resolution is always your best option.
Do you offer a free consultation?
Yes, we offer a free consultation. Keep in mind a consultation is the assess your current situation and agree upon a fee arrangement. We may not be able to give you a legal opinion until more research is done given your situation. Sometimes it may be necessary to charge a research fee or analysis fee to give you a complete plan of action and legal opinion. We strive to keep this fee as reasonable as possible.
How much do your tax resolution cost?
We provide the initial consultation free of charge, so we can learn about any tax issues you may have and design a tax resolution plan to meet your needs. We offer many services for a flat fee, and also give you the option of paying over time. We’ll do our best to work with you regardless of your financial situation.