what happens to irs debt after 10 years
If theres money left over from the sale after paying off your tax debt the IRS will tell you how to get a refund. Money from the sale pays for the cost of seizing and selling the property and finally your tax debt.
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After giving public notice the IRS will generally wait at least 10 days before selling your property.
. If you are or were affected by a Presidentially declared disaster occurring after 1996 or a terrorist or military action occurring after September 10 2001 the IRS may abate reduce the amount of interest you owe on certain taxes. But generally if the taxpayer has not received a bill that breaks down the amount due by tax years the IRS has probably not assessed the debt. The IRS may abate interest for the period of any additional time to file or pay that the IRS provides on account of the disaster or the terrorist or.
Its almost impossible to tell if the IRS has assessed the debt or not because this is done internally. If the IRS has not assessed the debt within the last 240 days the income tax debt is not dischargeable.
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