Statue of Limitations

The government can’t collect taxes forever. There is a statute of limitations, a form of expiration date, after which the IRS is by law no longer able to collect.

The Internal Revenue Code, the law that governs the IRS, requires that the IRS assess, refund, credit, and collect taxes within specific time limits. These limits are known as the Statute of Limitations.

The second they expire, the IRS can no longer assess additional tax, allow a claim for refund by the taxpayer, or take collection action.

Generally, the time limit for the IRS to collect is ten years, but the determination of statute expiration differs for assessment, refund, and collection. Also, there are certain conditions that make the clock stop or start up again.

Call Apex Tax Defense now so we can look at your situation, see whether or not the clock has run out, and find the best way to provide you with tax relief.

Kill all your tax problems today with Apex.