How Long Will IRS Pursue Tax Liens?
There is no magic answer to this question. The IRS will generally pursue the debt aggressively, utilizing internal and private collection agents. In some cases, they may place levies on bank accounts, garnishments of income tax refunds and even seizure of personal property. You may pay the tax liability in full, enter into an installment agreement with the IRS or you may submit an offer in compromise (OIC). Once the debt has been satisfied, the IRS will generally release the liability and report it as paid within 30 days. On older tax debts, the IRS may potentially no longer have an interest in collecting the debt.
