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Ten Years from the date the tax was originally assessed. Note, though, that there are several events that cause the running of the statute of limitations to be paused or "tolled". In short, any event that prevents the IRS from collecting the tax will toll the statute of limitations including, but not limited to,: 1. Bankruptcy 2. A legal suit against the IRS 3. Filing an Offer in Compromise 4. Filing certain appeals 5. Fleeing the country :)
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Can IRS take money from a dead persons acc?
If the person owed taxes at the time of death - yes they can !
Is there a time limit that a third party collector has to collect a debt?
There are not time limits in which the collection of a debt can be pursued. All states do have statutes of limitation which designate the time in which a creditor has to file a lawsuit to collect monies owed.
Did Cleopatra collect tax?
Definately. There were various business taxes, import taxes, export taxes, etc. She gathered taxes just as any other ruler in her time.
What kind of fines and fees am I looking at if I owe back taxes?
It depends on what kind of taxes are owed, the amount of said taxes and the length of time they've have been owing. There are penalties that vary, based on these factors, as well as interest. A professional tax accountant or attorney can help negotiate the interest/fees to reduce them dramatically or eliminate them altogether, depending on your circumstances.
Never Forget State Income Tax!?
Tax season is a stressful time for everyone but a select few people face even more tax stresses. These people live in states that also collect a state income tax. This tax acts exactly like its federal counterpart but is always at a much lower overall value. It is a common way for states to raise extra money to fund education and highway maintenance. This tax can be tricky since not all states charge an income tax. An individual that has moved from a state without it may find themselves trying to quickly correct not paying their taxes when their paycheck gets garnished. It is vitally important that these residents realize that their state does charge a state tax and will collect it whether they file or not. State governments tend to be far less forgiving about unpaid taxes and will act very quickly to collect what they believe they are owed. Another common misconception is that income earned in a state that does not collect state level taxes does not have to be reported if one's residence is in a state that does collect state level taxes. The origin of income is irrelevant when it comes to tax debt. The only factor that matters is where someone claims their residence. If income is earned in a state that does not collect taxes but that person lives in a state that does, it is the responsibility of the individual to report this income and pay the taxes on that income. It may seem counter intuitive, but it is how the current tax system is set up. There are enough issues that pop up when it comes time to pay taxes. Some people find that they owe more than they can pay or that they have misreported on accident. It is important to remember every branch of the government that is owed money and not find yet another agency trying to collect more than the actual debt owed. Anyone that is ever unsure of the process for paying these taxes should contact their state government or find a local accountant that will be more than capable of determining the total debt owed.
What is the length of time a creditor can collect on a debt before it is wrote off?
6 years
How do you make someone pay you wages owed?
You sue them in civil court. You will need to collect as much evidence as possible of your employment and the amount of time you worked.
When is the best time to file taxes if you are owed a refund?
January 31. The government has held on to your money for long enough without paying any interest.
How far back can IRS collect debt owed to them by you?
There is no time limit imposed upon the IRS if there is any evidence of tax fraud on behalf of the taxpayer. Normally they do not go back past 7 years but if fraud was involved or intentionally not paying the amount of taxes due then the IRS can go back as long as is necessary.
Who is responsible for back taxes on a quitclaim deed?
It is the responsibility of the land owner to pay the property taxes. If a land owner is selling property for which back taxes are owed the payment of the taxes can be part of the negotiations for the sale of the land. However, the issue must be addressed prior to the sale.It is up to the purchaser of property to make certain the property taxes have been paid by the seller at the time of the purchase. If the buyer doesn't demand proof the taxes have been paid BEFORE the sale, the land will be acquired SUBJECT TO any back taxes owed. If land is purchased for which back taxes are owed the new owner will be responsible for paying the back taxes or the town will take possession of the property.The purchase of real property should always be supervised by an attorney. One of the first items on the land purchase check list is to obtain a certificate from the town that states the taxes are paid.
How long can you go without employer taking out for federal and state taxes?
There is no length of time, particularly if you are considered a contractor. It does not relieve you of your responsibility to pay the taxes!
If you owe state taxes when are they due?
State taxes must be paid by the April of that particular year. A fine will be incurred should the taxes not be paid, and the length of time they remain unpaid will increase the fine.
