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Old 03-12-2016, 01:39 AM   #1
PA_SE_Fella
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Uncollectable status Lien(s) released?

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Do tax-liens get released on the associated years that are put in uncollectable status?
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Old 03-13-2016, 06:14 PM   #2
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Do tax-liens get released on the associated years that are put in uncollectable status?
I didn't realize this was a difficult question... Help?
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Old 03-16-2016, 03:37 AM   #3
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The statute of limitations for the collection of federal taxes is 10 years. It is possible for a federal tax debt to be put in "non-collectable" status and still have time on the statute of limitations. As long as there is time on the statute of limitations the government does not remove or "release" the tax LEIN. In the event the debtor comes into some money, say from winning the lottery or an inheritance, then the government can still collect the taxes owed with interest and penalties. This is a very simplified answer to a complex legal question. You should consult with an attorney who specializes in federal collection matters.
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Old 03-16-2016, 01:09 PM   #4
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Originally Posted by Skyhawk View Post
The statute of limitations for the collection of federal taxes is 10 years. It is possible for a federal tax debt to be put in "non-collectable" status and still have time on the statute of limitations. As long as there is time on the statute of limitations the government does not remove or "release" the tax LEIN. In the event the debtor comes into some money, say from winning the lottery or an inheritance, then the government can still collect the taxes owed with interest and penalties. This is a very simplified answer to a complex legal question. You should consult with an attorney who specializes in federal collection matters.
No doubt it's more complex... I appreciate the information you provided. It's just what I need for now. Thanks!
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