Hello again Families,
I am sorry I did not completely answer all of your questions. The second part of your question regarding the tax liens did not show up until after I had alredy submitted by first answer to you.
Regarding tax debts that are over 10 years old, the statute of limitations only allows for the IRS to collect these debts for a period of 10 years from the final assessment
date, unless the taxpayer voluntarily agrees to extend that time limit (which obviously most people do not agree to this).
As far as any lien which may have been placed on your property, most tax liens are "self-releasing".
A lien usually releases automatically 10 years after a tax is assessed, if the statutory period for collection has not been extended and the IRS extended the effect of the lien by re-filing it.
When a lien is self-released, the Notice of Federal Tax
Lien itself is the release document.
The lien is considered self released if the:
· date for refiling has passed and
· IRS has not refiled the original Notice of Federal Tax Lien.
Taxpayers should check the column titled Last Day for Re-filing on the Notice of Federal Tax Lien to determine if the lien is self-released.
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