Discover When Your IRS Debt Expires!
In a recent post, we reminded you that your IRS tax debt expires — and now, thanks to IRSvideos.com, you can calculate the exact expiration date on your back taxes yourself!
This is great news if you’ve been in limbo, wondering about that exact expiration date but unsure whether you could afford to pay a tax firm to figure it out for you. You no longer need to worry about that. Instead, you can visit IRSvideos.com/expire and find out. You’ll get step-by-step instructions on how to discover your IRS debt’s expiration date, along with other tips and tricks.
As part of the guidance, we share details about the IRS’s 10-Year statute of limitations, what’s known as the collection statute expiration date (CSED). This may seem clean-cut, but there are a few important details you’ll want to know. There are exceptions to the 10-year rule (the IRS can literally stop the clock!) and multiple reasons why “waiting out” the IRS may or may may not be a good idea.
For example, if you try to wait, the agency may ramp up its enforcement action in the meantime. You may end up losing your bank accounts, halting operations at your business, or even losing your home because of its enforcement actions. You definitely don’t want that!
To keep your assets safe, visit IRSvideos.com/expire today and enroll in the “How to Know When Your IRS Taxes Expire!” course. The sooner you take this helpful step, the sooner you’ll be able to resolve or eliminate your back taxes and start fresh.