Yes, after 10 years, the IRS forgives the tax debt. After this period, the tax debt is considered uncollectible. However, it's important to note that there are certain circumstances, such as bankruptcy or certain collection activities, that may extend the statute of limitations. Each case is different and can take between three months and a year to resolve.
Every tax debt relief case is different, so the amount of time to resolve the case varies widely. After your initial free consultation, TaxAudit will perform a comprehensive evaluation of your specific situation and develop a plan to resolve your tax debt. At that time, your tax debt relief specialist will give you an estimated time frame on how long your case should take to resolve. Our representatives will work diligently on your case and resolve it with the best solution for you as soon as possible.
Once confirmed, a tax professional can help the taxpayer request that the IRS issue an official certificate of release of the federal tax lien or a withdrawal of the levy. During the consultation, a tax debtor and a tax professional can understand together the scope of the tax problem, discuss the available options, and determine the best way to resolve the matter. They are generally assigned to the most pressing collection issues, such as business debts, large individual debts, and late tax returns with possible tax invoices. For step-by-step instructions on what should be done and how to do it yourself, book your IRS case strategy session with us today and review the most frequently asked questions about tax relief.
You'll also need to be up to date with your tax returns, so if you haven't filed your tax returns lately, that's probably your first step toward tax relief. Attempting to use an impending CSED as an IRS tax debt strategy should only be considered under the guidance of a licensed tax relief specialist. In addition, it is your responsibility to obtain documentation from the IRS that indicates that the tax debt no longer exists. Both research and experience show that people in that situation who consult a tax relief expert in advance could have fewer financial, commercial and personal repercussions.
Before making any agreement provided by the IRS, people with unpaid taxes should consult a tax professional. Keep in mind that the IRS will only consider you for tax debt relief if you have a good reputation with the agency.