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How Far Back Does the IRS Go for Back Taxes?

April 26, 2017far back does IRS taxes

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How Far Back Does the IRS Go for Back Taxes?

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All U.S. citizens are required to file income tax form 1040 with the Internal Revenue Service (IRS) on a yearly basis. Although payroll taxes collect an assumed percentage of tax liability from paychecks, you may find that you owe taxes after filling out a 1040 form. If you are someone who has allowed several years of this type of tax to build up, you may find yourself owing back taxes. There are statues of limitations for how long the IRS has to collect this debt that protect all taxpayers from a lifelong burden.