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#2
02-29-2004, 07:37 PM
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 Re: IRS judgement//offer in compromise "Henry A. Lewis" <hisank[at]yahoo.com> wrote: - quote - > I have an uncollected IRS tax judgment from 1991. I
You use the word "judgment" which indicates an action by the> submitted an offer in compromise. The IRS representative on > the phone said she will approve an offer if I will pay the > money within ten days-and not 90 days, because of something > called the period of collectablity which is ten years from > the time of judgment which is 1994. Is it true that after > the period of collectability the IRS can no long come after > me for the tax year 1991. court, if it was a court judgment then the IRS can still collect the tax. If you meant "assessment", then there is a 10 year statute of limitations for the IRS to collect by initiating a court proceeding or administratively by levy. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-29-2004, 07:17 PM
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| Re: IRS judgement//offer in compromise hisank[at]yahoo.com (Henry A. Lewis) writes: - quote - > I have an uncollected IRS tax judgment from 1991. I
I suspect you're misusing the term "judgment," which applies> submitted an offer in compromise. The IRS representative on > the phone said she will approve an offer if I will pay the > money within ten days-and not 90 days, because of something > called the period of collectablity which is ten years from > the time of judgment which is 1994. Is it true that after > the period of collectability the IRS can no long come after > me for the tax year 1991. only if the government has secured a judgment in court, and, in which case, only the Department of Justice could approve a compromise. Without something that extends the period, IRS has 10 years from the date of assessment to collect. After that, they can't. The offer in compromise has language that suspends (extends) this period. I suggest that you send a certified letter "withdrawing" the offer and wait and see what happens. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-29-2004, 06:38 PM
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| Re: IRS judgement//offer in compromise "Henry A. Lewis" <hisank[at]yahoo.com> wrote - quote - > I have an uncollected IRS tax judgment from 1991. I
True to some extent. There are situations that can extend> submitted an offer in compromise. The IRS representative on > the phone said she will approve an offer if I will pay the > money within ten days-and not 90 days, because of something > called the period of collectablity which is ten years from > the time of judgment which is 1994. Is it true that after > the period of collectability the IRS can no long come after > me for the tax year 1991. the collection period, one of which is a pending Offer-In-Compromise. Not knowing the facts and circumstances of your situation, I'd be tempted to tell them you rescind the offer. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-26-2004, 04:52 PM
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| IRS judgement//offer in compromise I have an uncollected IRS tax judgment from 1991. I submitted an offer in compromise. The IRS representative on the phone said she will approve an offer if I will pay the money within ten days-and not 90 days, because of something called the period of collectablity which is ten years from the time of judgment which is 1994. Is it true that after the period of collectability the IRS can no long come after me for the tax year 1991. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| compromise, irs, judgement or or offer |
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