I owe taxes for 2007 -08-09-10 and 13. I was told last year that the csed was 05/2024. But I can’t get any verification on this. I’ve asked for transcripts. But every time I fill out the4506t form they send it back saying I filled it out wrong. I call they put me on hold for 1/2 hr 45 minutes and then they hang up on me. How can I get verification? I’ve been on a payment plan for 11 years
I owe the IRS around $195,000 tax years 2010 - 2019. I called them today to try to work out an agreement. I was informed they transferred my accounts to an outside collection agency. I asked for the balance of each year and the statute for each year. Approx $90,000 expires end of 2028. The IRS informed me that once transferred to the collection agency they (the IRS) do not perform any additional collection activity. Should I just ignore the collection agency and try to ride out the Statute (last one end in 2031)? Can the collection agency put it on your credit report or file additional liens, take you to court?
Were those returns filed on time and you just did not pay once they assessed the tax or were they filed late? How long did you wait to call them once the returns were filed? Did you ever receive a Notice of Intent to Levy?
@user-uh6dl2qe2n I did for 2022, last week. I owed $780. And garnishment of my ss retirement, and paycheck. These guys are for real, I paid immediately when I got the levy letter.
I can’t give you professional advice, but I would encourage you to contact the state of California franchise, tax board and ask them what your options are. States, and particularly California, are very aggressive in their collection efforts, so contact them and work, something out rather than expose yourself to bank or paycheck levies
In 2010 the irs said i owe them 16000 they been taking my income tax ever since now i owe 8000 will this show if if i apply for a fha loan will the limit of statue apply
IRS tax debt should not show up on your credit report. All three credit reporting bureaus agree on this rule. However, if the IRS filed a public notice of federal tax lien, a creditor could find it on courthouse records if they do a search, and that could impact ability to get credit
Generally, "significant" would be $10,000 or more. That's why you hear it referenced on all those nauseating TV ads "If you owe the IRS $10,000 or more...." Why do you ask?
Pls is the irs 10 year statute of limitation once in a lifetime? what if you make another investment income after the 10 years does the clock start again? Does the irs 10 year statute of limitation entail that all investment or unearned income during that period will be garnished?
IN other words, you have 10 years from the date that the tax balance is assess on your 2015 tax return (example: April 15 of 2016) Then when you v file the following years return, a new 10 year clock starts for the following year balance due once it is assessed, and so on for each subsequent year that you have a balance due. There is not one clock and one statute for your lifetime, but separate clocks for each year you have a balance, all running concurrently. Hope this helps
I owe the IRS from 2013, 2015, 2016, and 2018. Last year they sent my account to collections. Does the 10 year mark erase the 2013 tax after April 15 2023?
No. Your 2013 return was likely filed April of 2014. Maybe the IRS assessed it later that month, or in early May of 2014. The 10 year statute started on the assessment date. So the 10 year statute would run out in May of 2024 - assuming nothing happened to "toll" or stop the clock (ie., installment agreement application, bankruptcy filing, Offer in Compromise processing, etc). How much does the IRS claim that you owe them, including interest and penalties?
@@bye-byebacktaxes4987 yeah I just checked the transcript and shows it was filed on May 5 2014 for the 2013 year. Interests and penalties totaled added were an extra $1200 alone but total of $3300 for that year. I tried to hire a lawyer to represent me but a few shot me down cause my debt is too low for them to represent. They were expecting 25k+
@@GTIZmoKiDD That is exactly why you hear tv ads starting out with "If you owe the IRS $10,000 or more..." If you don't owe $10K, most tax professionals won't work with you. Amazingly, we serve clients with total IRS debt ranging from $15,000 to $750,000 (!)
Husband owes $28,000 year 2017. From a business hes father had under his name. We were never involved in the businesses, we found put on 2020 after ira send a letter asking for us both to pay up the $28,000 now owed. Dont have any money and live paycheck to paycheck. I need help 😢
Wherever your phone or tablet is... that's where I am. I am a virtual firm, licensed in all 50 states, instead of brick and mortar business tied to one city or borough. How can I help you?
Assuming that the statue was not “tolled” or delayed by applying for an installment agreement or an offer in compromise, etc., the collection statute may expire this month June 2023, but we really don’t have enough information to give you a definitive answer
@@JaguarPriest CSED must be determined from data therein. It can be extended by several tolling events. Those are on the transcript. An alternative: You might call the IRS and ask for the CSED date
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I owe taxes for 2007 -08-09-10 and 13. I was told last year that the csed was 05/2024. But I can’t get any verification on this. I’ve asked for transcripts. But every time I fill out the4506t form they send it back saying I filled it out wrong. I call they put me on hold for 1/2 hr 45 minutes and then they hang up on me. How can I get verification? I’ve been on a payment plan for 11 years
I owe the IRS around $195,000 tax years 2010 - 2019. I called them today to try to work out an agreement. I was informed they transferred my accounts to an outside collection agency. I asked for the balance of each year and the statute for each year. Approx $90,000 expires end of 2028. The IRS informed me that once transferred to the collection agency they (the IRS) do not perform any additional collection activity. Should I just ignore the collection agency and try to ride out the Statute (last one end in 2031)? Can the collection agency put it on your credit report or file additional liens, take you to court?
Were those returns filed on time and you just did not pay once they assessed the tax or were they filed late? How long did you wait to call them once the returns were filed? Did you ever receive a Notice of Intent to Levy?
@user-uh6dl2qe2n I did for 2022, last week. I owed $780. And garnishment of my ss retirement, and paycheck. These guys are for real, I paid immediately when I got the levy letter.
Update
😊Thank You 😅
How about state tax? California they say I owe$6000 from 2004& 2006 ?? What can I do?? Please have any advise? Thank you
I can’t give you professional advice, but I would encourage you to contact the state of California franchise, tax board and ask them what your options are. States, and particularly California, are very aggressive in their collection efforts, so contact them and work, something out rather than expose yourself to bank or paycheck levies
In 2010 the irs said i owe them 16000 they been taking my income tax ever since now i owe 8000 will this show if if i apply for a fha loan will the limit of statue apply
IRS tax debt should not show up on your credit report. All three credit reporting bureaus agree on this rule. However, if the IRS filed a public notice of federal tax lien, a creditor could find it on courthouse records if they do a search, and that could impact ability to get credit
What is considered significant debt?
Generally, "significant" would be $10,000 or more. That's why you hear it referenced on all those nauseating TV ads "If you owe the IRS $10,000 or more...." Why do you ask?
I need to have friends at the IRS like Hunter, he got away without paying $1.3 mil.
You and me and all of us
Pls is the irs 10 year statute of limitation once in a lifetime? what if you make another investment income after the 10 years does the clock start again? Does the irs 10 year statute of limitation entail that all investment or unearned income during that period will be garnished?
The 10 year clock re starts every year that a tax balance due is assessed.
IN other words, you have 10 years from the date that the tax balance is assess on your 2015 tax return (example: April 15 of 2016) Then when you v file the following years return, a new 10 year clock starts for the following year balance due once it is assessed, and so on for each subsequent year that you have a balance due. There is not one clock and one statute for your lifetime, but separate clocks for each year you have a balance, all running concurrently. Hope this helps
I owe the IRS from 2013, 2015, 2016, and 2018. Last year they sent my account to collections. Does the 10 year mark erase the 2013 tax after April 15 2023?
No. Your 2013 return was likely filed April of 2014. Maybe the IRS assessed it later that month, or in early May of 2014. The 10 year statute started on the assessment date. So the 10 year statute would run out in May of 2024 - assuming nothing happened to "toll" or stop the clock (ie., installment agreement application, bankruptcy filing, Offer in Compromise processing, etc). How much does the IRS claim that you owe them, including interest and penalties?
@@bye-byebacktaxes4987 yeah I just checked the transcript and shows it was filed on May 5 2014 for the 2013 year. Interests and penalties totaled added were an extra $1200 alone but total of $3300 for that year. I tried to hire a lawyer to represent me but a few shot me down cause my debt is too low for them to represent. They were expecting 25k+
@@GTIZmoKiDD That is exactly why you hear tv ads starting out with "If you owe the IRS $10,000 or more..." If you don't owe $10K, most tax professionals won't work with you. Amazingly, we serve clients with total IRS debt ranging from $15,000 to $750,000 (!)
Do you take clients ?
Husband owes $28,000 year 2017. From a business hes father had under his name. We were never involved in the businesses, we found put on 2020 after ira send a letter asking for us both to pay up the $28,000 now owed. Dont have any money and live paycheck to paycheck. I need help 😢
I can very possibly help you!!. Please visit www.anchortaxrelief.com/contact.htm and contact me immediately
Does non collectible status stop the clock?
No, it does not stop the clock. Which is a big advantage. The bad news is it does not stop interest from accumulating.
Are you based in NYC?
Wherever your phone or tablet is... that's where I am. I am a virtual firm, licensed in all 50 states, instead of brick and mortar business tied to one city or borough. How can I help you?
What if i filed in 2015 and they audited me 3 years later
What if.
@@bye-byebacktaxes4987 does that restart the time
What would the CSED be for back taxes owed on a tax return for the year 2013, taxes filed on April 15th 2014 and processed on June 2nd 2014?
Assuming that the statue was not “tolled” or delayed by applying for an installment agreement or an offer in compromise, etc., the collection statute may expire this month June 2023, but we really don’t have enough information to give you a definitive answer
And if you didn’t file in 2016 and they want money..will it still expire in 2026?
Theoretically, maybe. But practically speaking, pull 2016 IRS account record transcript to determine the exact collection statute expiration date
@@bye-byebacktaxes4987 I did, what if it doesn’t state any expiration?
@@JaguarPriest CSED must be determined from data therein. It can be extended by several tolling events. Those are on the transcript. An alternative: You might call the IRS and ask for the CSED date
Will the penalty and interest also go away after the 10 year statute?