How Long Can the IRS Collect Back Taxes? (IRS Collection Time Limits Explained)

Episode Summary: Attorney Lance Drury delves into the intricate details of IRS collection timelines, emphasizing the crucial importance of timing in resolving tax debts. From the nuances of the 10-year collection rule to strategic considerations for payment plans and offers, this episode offers invaluable insights for navigating IRS challenges effectively. Key Timestamps: 00:00 – Introduction 01:30 – IRS Collection Timeframe Overview 04:15 – Factors Pausing the Collection Clock 07:20 – Strategies Around Payment Plans and Offers 10:05 – Real-Life Case Impact of Collection Timelines About the Show: *Resilience and Resolve* is a podcast series dedicated to empowering individuals and small business owners in managing IRS-related challenges. Attorney Lance Drury provides expert guidance and practical solutions for those navigating tax debt issues with the IRS.