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FAQ

Is there a statute of limitations for a IRS Tax Lien?
The IRS has ten (10) years from the date of a tax assessment to collect a debt from the taxpayer. The date the collection statute expires is called the Collection Statute Expiration Date or CSED.When this date passes, the IRS is barred from attempting to collect your tax debt unless you waive the enforcement of the statute.When Does the Collection Statute Start to Run?The statute starts on the day an IRS assessment is made.Generally, the dates of assessment are as follows:Filed tax returns ‡ The date you mailed the tax return plus six weeks.Audit Adjustments (agreed) ‡ The date you signed the auditor’s report plus three weeks.Audit Adjustments (unagreed) ‡ The date the appeals process and the tax court process (if any) is completed and the tax court judge has issued his or her ruling.What Will Cause the Collection Statute to be Extended?The Collection Statute can be extended (tolled) by one or more of the following acts or situations:The filing of a bankruptcy petition ‡ The statute is extended for duration of the bankruptcy proceedings.The filing of an Offer in Compromise ‡ The statute is extended for duration of the Offer or one year, whichever is greater.The filing of requests for relief ‡ The statute is extended when a taxpayer files for a Collection Due Process hearing, Innocent Spouse Relief and any other form of relief that requires the IRS to suspend collection enforcement while it reviews the validity of the underlying assessment.The signing of a waiver extending the statute ‡ The statute is extended to date indicated in signed waiver. Never sign a statute extension without first consulting your tax advisor.The taxpayer is out of IRS jurisdiction ‡ The statute is extended for duration taxpayer was out of IRS jurisdiction.He's The Tax Man is a tax attorney and certified public accountant helping taxpayers resolve their IRS and state tax problems.
Does the lien associated with back taxes go away with the taxes after the 10-year statute of limitations has run out?
It may, after exhaustive methods have been done to collect the unpaid taxes, up to and including seizure of property. If your Collection Statute Expiration Date (CSED) is near, the IRS may act aggressively to get you to pay as much as possible before the deadline or agree to extend it.If the period for collection has ended, there is a ten year statute of limitations on IRS collections. This means that the IRS can attempt to collect your unpaid taxes for up to ten years from the date they were assessed. Subject to some important exceptions, once the ten years are up, the IRS will stop its collection efforts. (In this case, the release is automatic.)Here are two publications which give excellent information about liens: https://www.irs.gov/pub/irs-pdf/... and Understanding a Federal Tax LienHope this information is helpful.
Do statute of limitations laws apply to delinquent Federal taxes?
Yes, but only in very limited circumstances. If the amount is known by the IRS, then they will request the funds forever. If your tax return showed tax due and you didn’t pay it, then the penalties are failure to file and failure to pay will continue forever.If you did not file a return, there is no statute of limitations. If you filed a return and omitted income, the statute is 3 years from the date the return was due when the amount of income was less than 25% of the total income. If the amount is over 25% of the income shown in the return, then the statute of limitations is six years from date of filing or return due date, whichever is later.
For taxes, does one have to fill out a federal IRS form and a state IRS form?
No, taxes are handled separately between state and federal governments in the United States.The IRS (Internal Revenue Service) is a federal, not  state agency.You will be required to fill out the the necessary tax documentation for your federal income annually and submit them to the IRS by April 15th of that year. You can receive extensions for this, but you have to apply for those extensions.As far as state taxes go, 41 states require you to fill out an income tax return annually. They can either mail you those forms or they be downloaded from online. They are also available for free at various locations around the state.Nine states have no tax on personal income, so there is no need to fill out a state tax return unless you are a business owner.Reference:www.irs.gov
Does every adult US citizen have to fill out an IRS tax return?
They don’t.If you earn no income. you don’t have to fill out a return.If you earn under a certain amount, you don’t have to fill out a return.If you earned money and had an adequate payroll deduction to earn a refund, you don’t have to fill out a return (you would however, forfeit your refund by doing so).Whether to file a return depends on your income, your situation and in some cases, whether you wish to collect a refund due to you.
In Ontario, how long can/will RBC, based on the 2-year statutes of limitations, pursue a car with a lien on it? The lien was requested on September 23, 2021. and didn't know about the lien before purchasing.
The two year statute of limitations is only the length of time that a creditor has to initite legal action against you. A debt is not wiped out after 2 years and I do not beleive that a lien placed on a vehicle to secure a loan expires after 2 years. They may not be abe to sue you but they can still repo the car.