{"id":5450,"date":"2023-08-02T11:44:29","date_gmt":"2023-08-02T11:44:29","guid":{"rendered":"https:\/\/www.fishcointax.com\/?p=5450"},"modified":"2023-08-02T11:48:30","modified_gmt":"2023-08-02T11:48:30","slug":"irs-has-10years-to-collect-on-a-tax-debt","status":"publish","type":"post","link":"https:\/\/www.fishcointax.com\/irs-has-10years-to-collect-on-a-tax-debt\/","title":{"rendered":"IRS has 10years to collect on a Tax Debt."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5450\" class=\"elementor elementor-5450\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b9cb3dc elementor-section-height-min-height elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-items-middle wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"3b9cb3dc\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-38418160\" data-id=\"38418160\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1fdd6ecb elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"1fdd6ecb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1055fb0a\" data-id=\"1055fb0a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1be89db elementor-widget elementor-widget-elementskit-heading\" data-id=\"1be89db\" data-element_type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><a href=\"\/\"><h1 class=\"ekit-heading--title elementskit-section-title \">IRS has 10years to collect on a Tax Debt.<\/h1><\/a><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62589c49 elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-phone elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"62589c49\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2224c7b6\" data-id=\"2224c7b6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25035e00 elementor-widget elementor-widget-spacer\" data-id=\"25035e00\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4183803 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"4183803\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dd7acbd\" data-id=\"dd7acbd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35dffb0 elementor-widget elementor-widget-heading\" data-id=\"35dffb0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fishcointax.com\/about-us\/\">By Joe Alabi EA MACCT (Taxation) CTRC<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c19cb33 elementor-widget elementor-widget-text-editor\" data-id=\"c19cb33\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Enrolled Agent\/ Certified Tax Resolution Consultant.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a894547 elementor-widget elementor-widget-text-editor\" data-id=\"a894547\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Education &amp; Training with FishCoin Tax Solutions IRS 00139079-EA<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ca3d97 elementor-widget elementor-widget-text-editor\" data-id=\"2ca3d97\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>August 2, 2023 12:36 PM<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d4f12b elementor-widget elementor-widget-text-editor\" data-id=\"6d4f12b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"featured-image\"><p><a href=\"https:\/\/www.fishcointax.com\/about\">I represent<\/a>\u00a0taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels\u2014examination, collection, and appeals\u2014of the Internal Revenue Service (IRS) and Minnesota Department of Revenue.<\/p><p>By law, the <strong>IRS<\/strong> have 10 years to collect on a tax debt, after 10 years the tax debts expire. For example, a taxpayer owes $25,000 on his\/her 2010 return, filed the return in April 2011 and the <strong>IRS<\/strong> assessed the taxpayer in May 2011.<\/p><p>The<strong> IRS<\/strong> has 10 years until May 2021 to collect on the tax debts if the taxpayer did not do anything to extend the date.<\/p><p>However, there are certain events that could toll(move) the date forward. The <strong>Collection Statute Expiration Date<\/strong> (CSED) refers to how long the <strong>IRS<\/strong> must collect tax for a specific assessment.<\/p><p>The CSED is calculated as 10years after the assessment date. The CSED can be extended by tolling events. Each assessment carries its own CSED. Here is a list of events that could suspend the CSED.<\/p><ul><li>Pending Installment Agreement<\/li><li>Terminated Installment Agreement<\/li><li>Offer in Compromise Pending<\/li><li>Bankruptcy<\/li><li>Collection Due Process Hearing<\/li><li><a href=\"https:\/\/www.fishcointax.com\/innocent-spouse-relief\">Innocent Spouse<\/a><\/li><li>Military Deferment.<\/li><\/ul><p>You can check on how many years is left on a debt by requesting a <strong>tax transcript<\/strong>. Please note it sometimes takes up to 90 days for the <strong>IRS<\/strong> to update the transcript if the debt has expired.<\/p><p><a href=\"https:\/\/www.fishcointax.com\/about\">If you or someone you know believe that a tax debt should have expired, <\/a><\/p><p>Please feel free to contact me using the information below.<\/p><p class=\"center\"><a href=\"https:\/\/www.fishcointax.com\/about\">Joe Alabi EA MAcct(Taxation) CTRC<\/a><\/p><p class=\"center\"><a href=\"https:\/\/www.fishcointax.com\">www.fishcointax.com<\/a><\/p><p class=\"center\">Ph. (612) 516 5878<\/p><p class=\"center\">Fax (612) 516 5878<\/p><p class=\"center\">Email :\u00a0<a href=\"mailto:info@fishcointax.com\"><span class=\"color_15\">info@fishcointax.com<\/span><\/a><\/p><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>IRS has 10years to collect on a Tax Debt. By Joe Alabi EA MACCT (Taxation) CTRC Enrolled Agent\/ Certified Tax Resolution Consultant. Education &amp; Training with FishCoin Tax Solutions IRS 00139079-EA August 2, 2023 12:36 PM I represent\u00a0taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels\u2014examination, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false},"categories":[5],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/posts\/5450"}],"collection":[{"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/comments?post=5450"}],"version-history":[{"count":7,"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/posts\/5450\/revisions"}],"predecessor-version":[{"id":5458,"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/posts\/5450\/revisions\/5458"}],"wp:attachment":[{"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/media?parent=5450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/categories?post=5450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishcointax.com\/wp-json\/wp\/v2\/tags?post=5450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}