The IRS has ten years to collect unpaid taxes after assessment. But that deadline isn’t always final.
Those with unpaid tax debts often seek payment plans to be able to pay their tax liabilities over time. When a taxpayer requests or enters into an IRS installment agreement, the clock on the collection statute stops running. The question is: for how long?
These rules matters whether you’re negotiating a payment plan, evaluating collection alternatives, or advising considering the strategic timing of collection resolution options. The wrong move can inadvertently extend the government’s collection window, while the right strategy might run out the clock…