Statute of Limitations on Tax Liens
Yes, believe it or not, there really is a statute of limitations that bans the IRS from enforcing its tax liens! The general 10 year statute of limitations for collection of taxes applies to tax liens, but there are a number of exceptions which may allow the government more time to collect. The calculation of the 10 year period can also be confusing. As a general rule, it starts when the IRS assesses the tax, that is when they first write down in their records that you owe the taxes. If the statute of limitations has expired on any of your tax liens, a qualified tax attorney should be able to remove those tax liens from your property.
Even if the statute of limitations has not expired on your tax liens, an experienced tax lawyer can help you solve your tax lien problem. You may qualify for innocent spouse relief and remove the tax lien as well as canal the liability, even if the statute of limitations has not expired. Or, a top tax attorney can help you refinance by subordinating the tax liens, allowing the bank to have priority over the IRS.
Please come talk to us about your situation to see if the statute applies to your situation.