IRS 10-Year Tax Debt Rule Explained: How to Settle Your IRS Tax Debt

Struggling with IRS tax debt? You're not alone. In this video, we break down the critical "10-Year Tax Debt Rule" and explain the Collection Statute Expiration Date (CSED)—the point at which the IRS can no longer legally collect your tax debt.

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Discover why simply paying off your debt or offering a compromise isn't always straightforward. Learn how factors like audits, proposed assessments, and tolling events can extend the IRS's collection timeframe.

Understanding the CSED is crucial, especially if you owe taxes for multiple years. We'll guide you through how different tax years have their own expiration dates and explain the implications of tolling events such as bankruptcy, Collection Due Process (CDP) requests, and failed offers in compromise.

If you're facing financial hardship, we'll also discuss alternative solutions like the non-collectible status and hardship payment plans, which could be more suitable than the offer in compromise program.