Thanks for offering to help with tax questions. Do you happen to know what year the IRS collectability period went from five years to ten? If taxes were owed prior to the change and were incurred during the period that the 5-year rule was in effect, but the 5 years had not yet run when the law changed to 10 years, are those taxes uncollectable after 5, or after 10 years? I was told by the IRS that my back taxes are now subject to the 10 year collectability period, but it seems to me that when the law changed, it should have only applied to taxes incurred after the effective date of the change. I like my interpretation better.
sorry, lyttle, been fighting an unpleasantness in another thread. The SOL is not calculated from when the tax was due but from when they were assessed. For example your taxes were due for 2001 on 4/15/2002 or 8/15/2002 if you filed an extension. When the irs gets your return they process it and if they think you owe them money they assess it and send you a bill. That is the date that starts the clock ticking. Assessments b4 1989 had a 6 year SOL after '89 they went to a 10 year SOL. hope this helps. clc
