How Long Does the IRS Have To Collect Back Taxes?

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Do you owe back taxes and are wondering how long the IRS has to collect them before they go away? The IRS typically has 10 years from the date a tax return is assessed to collect back taxes that you owe. This period is known as the “Collection Statute Expiration Date” (CSED). If you’re unable to pay your back taxes, it’s crucial to seek an extension or consult with a tax attorney. They can help you explore options like installment agreements or offers in compromise. Addressing your tax debt proactively can prevent additional penalties and interest, helping you manage your financial situation more effectively. To learn more about what to do if you owe back taxes or to find a tax lawyer near you, visit LawInfo.com today.