Collection Statute Expiration Date

The IRS has 10 years from the date of assessment (which is the filing date or as changed by any number of situations) to collect all taxes, penalties and interest from the taxpayer. The IRS cannot keep trying to collect from you after this period.  The determination as to the date of assessment can be a difficult calculation – we can help.

Some examples or events that can enlarge the time period include the filing of an Offer in Compromise, a Request for a Collection Due Process Hearing, Innocent Spouse Relief, Bankruptcy and more. Some  more examples include, if the taxpayer agrees in writing to allow the IRS more time to collect from them or if the taxpayer files bankruptcy during the 10 year period. In both of these situations the period for the IRS to collect is extended for a specific time.

For taxpayers that are approaching this 10-year date, we can request copies of your IRS transcripts to verify the assessment date, so we can accurately compute when the 10-year statue to collect will expire.