Substitute for Return. If IRS filed your tax return under 6020b of the IRC and did a substitute for return(SFR), the same ten year statute applies. Beware of the the Statute period. If the statute expiration date is coming near, the IRS will become much more aggressive in its attempts to collect the back tax liability.
http://freshstarttax.com/how-long-does-irs-have-to-collect-back-taxes/
Usually, taxes must be three years or older, filed for 2 years, and assessed for 240 days may be discharged. Common misconception. The back tax expiration date is ten years from the date of assessment, commonly called the TC 150 or the CSED Date.
http://freshstarttax.com/how-long-does-irs-have-to-collect-back-taxes/
The IRS has a 10 year period of time in which to collect back taxes. After that ten year period of time, the back taxes drop off the tax data base and the debt is legally forgiven and can never be collected. The federal tax liens are also released by statute.
http://freshstarttax.com/how-long-does-irs-have-to-collect-back-taxes/
The good news is that the IRS does not require you to go back 20 years, or even 10 years, on your unfiled tax returns. In most cases, the IRS requires you to go back and file your last six years of tax returns to get in their good graces. And then, to make arrangements on payment of what is owed. That’s right, a fairly reasonable and more manageable six years and working with IRS collections on payment options. The six year enforcement period for delinquent returns is found in IRS Policy Statement 5-133 and Internal Revenue Manual 1.2.14.1.18. Part of the reason the IRS requires six years is manpower – the IRS cannot administer and staff the enforcement of unfiled tax returns going back as far as 10 or 20 years. And believe it or not, the IRS’s records rarely, if ever, go back that far.
http://howardlevyirslawyer.com/2015/01/04/how-far-back-should-i-go-on-my-unfiled-tax-returns/
Negotiating a Monthly Payment. If you owe more than $50,000 or can't pay the amount you owe in six years or less, your request for an IA begins with an IRS collector's analyzing your Collection Information Statement on Form 433-A. The collector uses the information on the form to determine the amount you can pay.
http://www.nolo.com/legal-encyclopedia/irs-installment-payment-plans-29563.html
The IRS Statute of Limitations The IRS’ collection statute of limitations refers to the maximum time period the IRS can seek to legally collect back taxes from the taxpayer. The ten year period of time begins when you file a tax return and the tax return legally posts to the IRS computer.
http://freshstarttax.com/how-long-does-irs-have-to-collect-back-taxes/
The most widely used method for paying an old IRS debt is the monthly installment agreement, or IA. If you owe $50,000 or less, you should be able to get an installment payment plan for 72 months just by asking for it.
http://www.nolo.com/legal-encyclopedia/irs-installment-payment-plans-29563.html
While many hobbies generate income, the key tax difference between a hobby and a business is that you may use a business loss to offset other taxable income, but you may only write off hobby expenses up to the amount of income you receive.
http://smallbusiness.chron.com/can-business-loss-taxes-30737.html
Rodney and Rebecca owe the IRS $40,000 in back taxes. They enter into a $300 monthly payment plan at a time when interest and penalties total 10% a year, adding an additional $4,000 to their balance.
http://www.nolo.com/legal-encyclopedia/irs-installment-payment-plans-29563.html
This is usually 6 weeks after your tax return is filed. Example, if your tax return was filed April 15, 2010 and it posted on the IRS data base on June 1, 2010, the statute of limitation period would be June 1, 2020.
http://freshstarttax.com/how-long-does-irs-have-to-collect-back-taxes/
irs how many years
There are 10 years for IRS.