Tag: IRS

Past Due Income Tax Returns

What Happens When I File Overdue Returns? Once your returns become overdue, it might seem too late to expect an okay outcome. In actuality, an unexpected benefit of filing is that you will probably make more money. Sometimes, self-employed people...

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IRS 10-Year Statute of Limitations on Collections

IRS 10 Year Statute of Limitations on Collection What is it? If you’ve received a tax assessment from the IRS, you should be aware that they have 10 years to collect the money they say that you owe.  This is called the Collection Statute, and 10...

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