Debt Statute of Limitations
What You Should Know About Debt Statute of Limitations and Back Taxes

It goes without saying that when a person has back taxes and the issue has been looming over their head for years without resolution; it serves no purpose to attempt to squeeze blood out of a turnip. Some taxpayers simply can’t pay! If you are in such a situation, there is a possibility that you may qualify for the IRS Debt Statute of Limitations…

Look Who May Not Want You To Know About IRS Debt Statute of Limitations
Let’s get one thing clear from the start; if you qualify for the IRS Debt Statute of Limitations, I can absolutely guarantee that NO ONE from the IRS is going to advise you of this information. You ask, “But why wouldn’t they?” Simply put, it would mean they, (being the IRS) wouldn’t get paid. And if you think the IRS is going to help you resolve your back taxes, you’ve got another coming!

Sorry Sir, Ma’am… Helping You Is Not Part of Our Job Description
No IRS Revenue agent or anyone involved in the IRS collection process is going to help you or show you any mercy. They are trained and indoctrinated to do one thing and one thing only and that is to collect taxes.

Helping taxpayers IS NOT part of their program!

Reducing the taxes owed is not part of their program.

Assisting taxpayers obtain tax debt relief through the IRS Debt Statute of Limitations IS NOT part of their program.

If anyone from the IRS appears to be helping you, be warned they are most likely setting you up to unwittingly sign away your rights under the law.

You Had Better Know The IRS Debt Collection Process
Since the average citizen is not versed in our cumbersome tax code, it is a common thing for them to give up their rights to using the IRS Debt Statute of Limitations or any other available Tax Debt Relief.

This is why we strongly recommend that taxpayers do two things. Number one, educate themselves on the IRS Debt Collection Process. You can accomplish this in short order with one of a number of publications that walk you through the entire process IRS Debt Collection Process. This way, you know when any one is attempting to underhandedly strip you of your rights!

You Against US; We Don’t Think So!
Number two; never represent yourself before the IRS collection division. No matter how smart or sharp you are, unless you can quote IRS Tax Code in your sleep, don’t go it alone! I’ve monitored numerous actual trials in which taxpayers represented themselves in court against the IRS.

Let’s be honest, how would you fair against not one but two attorneys who have passed the bar exam and been thoroughly trained in tax code and they are out to squash you? When these attorneys go to court against those representing themselves, the IRS attorneys usually have an almost perfect success rate. I repeat, don’t go it alone! Some people may be saying, “But I can’t afford a Tax Attorney!” My answer is, it will cost you more in back taxes and penalties not to have one!

Sorry But You Don’t Qualify For The IRS Debt Statute of Limitations
Let’s say that a person qualifies for the IRS Debt Statute of Limitations and the IRS knows this. Brace yourself for this next shocking statement. Some IRS agents will deliberately try and trick taxpayers into signing a debt statute of limitations waiver. How bout them apples!

Lets’ take a look at this statute.

It states that the IRS has ten years from the date of a tax assessment to collect that debt from the taxpayer. After ten years, the IRS is barred from attempting to collect that tax debt, UNLESS the taxpayer unknowingly or knowingly waives their rights.

The date the IRS Debt Statute of Limitations comes in force is called the Collection Statute Expiration Date or CSED. Again, when that date hits for that back tax, the IRS is barred from attempting to collect that debt ever again.

Get The Monkey Off Your Back With The IRS Debt Statute of Limitations
As a recap, here’s what you need to know about the IRS Debt Statute of Limitations; if you qualify don’t bank on the IRS helping you to utilize it.

The best way to address this issue is as I previously stated. First, learn the IRS Debt Collection Process and then based on that information and your personal circumstances and situation, put together a plan to resolve your back tax issue and ultimately get this monkey off your back. 

Joel Marks has been helping people get out of debt and avoid both bankruptcy and foreclosure for over fifteen years. Utilizing savvy debt counseling, debt management programs, Federal laws and a team of attorneys, debt counselors and advisors, he has quietly assisted thousands come from under the heavy burden debt. 

For more information on this topic or any other issue related to getting out of debt, living debt free, debt management, debt relief, the Fair Debt Collection Practices Act and stopping debt collectors in their tracks, please visit www.DebtErasure.com

Source: http://debterasure.com/