Forbes has earned a reputation in the financial market, as a place to go for solid information.  Timothy M. Todd, a Forbes contributing author, does that reputation justice with this informative article on tax debt collection.  In this latest post, Timothy discusses the effect of the 10-year limitations period on tax collection.

10 Year Limitations Period on Tax Collection

In 2000, the taxpayer filed his 1998 federal income tax return; on that return, he reported a tax liability with a balance due. Later that year, the IRS assessed the tax liability against the taxpayer, which included additions to tax and interest.
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