What is a statute of limitations?
A statute of limitations is a certain amount of time that either the IRS or you have to do something. There are all kinds of statutes of limitations when it comes to tax and IRS problems:
- When you can file for bankruptcy
- When you can get a refund if you don’t file your taxes on time
- Collection of debt
- Assessing the debt
Statute of limitations are very important in regards to your case; if you are nearing the end of a statute of limitations, simply stalling long enough can prevent the IRS from going after you.
Contact an Orlando Tax Attorney
However, there are many technical details regarding the statute of limitations for each instance. If you are facing tax or IRS problems, call an experienced Orlando tax attorney at Price Law Firm to speak with an expert.