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I understand the statute of limitations for IRS Debt is 10

years from the date it...
I understand the statute of limitations for IRS Debt is 10 years from the date it was assessed. My debt was assessed 12 years ago. My account was place on non-collectible status in 2010. I am wondering if by placing the account on non-collectible status the statute of limitations started all over again?
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Answered in 1 minute by:
1/29/2017
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,361
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Hi, my name is Mark. I will be happy to help you with your questions. Please give me a moment to prepare your response.

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Being in non-collectible status does not extend the statute of limitations for collection of the tax. You are correct that the statute is 10 years once the taxes are assessed.

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Customer reply replied 10 months ago
What should I do to get that released?? Should I just call the IRS and tell them the statute of limitations has expired?

Do you know when the taxes were assessed? Is the IRS still pursuing collection?

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Customer reply replied 10 months ago
My taxes were assessed in 2005. They sent me a reminder letter every year with the amount I owe, but they are not calling me or sending me letters to garnish my wages or anything like that. Im assumming is because the account is on non-collectible status.

If you are still in non-collectible status then you do not need to do anything. It is likely that the IRS let the statute expire.

Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,361
Experience: Certified Public Accountant
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Customer reply replied 10 months ago
Ok.
Customer reply replied 10 months ago
Thanx

It was my pleasure. I was happy to help.

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Mark Taylor
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