What is the statute of limitation on IRS collections?
The IRS only has 10 years from the date of assessment to collect your delinquent taxes. Once the statute of limitations expires, your liability expires. However, this 10-year statute of limitations for collection can be extended by waiver, an Offer In Compromise, bankruptcy, application for taxpayer assistance order, collection due process hearing, absence from the country, or an IS lawsuit to enforce collection.
