From The Desk of Keith L. Jones, CPA
The 10 Year Collection Statute Expiration Date For IRS Debt
The IRS collections statute expiration date (CSED) is the date after which the IRS can no longer collect a tax debt.
When things are simple, the CSED is easily calculated as 10 years from the date of assessment.
The reason the statute of limitations is so important is that the amount of time remaining on the collection statute determines which solution the taxpayer should select to resolve their IRS tax liability.
This means that no matter how little the IRS has been able to collect on a tax debt assessed in April of 2007, they must cease collection on that debt in April of 2017.
keithjones.cpa