IRS Clarifies Events That Pause or Extend the Collection Statute Expiration Date

The Collection Statute Expiration Date (CSED) is the legal deadline for the IRS to collect assessed tax debts. Generally, it’s 10 years from the date of the tax assessment. Recent guidance from the IRS’s Taxpayer Advocate Service (TAS) explains that certain events can delay the initial 10-year CSED. This delay can take the form of a suspension or an extension of the collection period. The running of the collection period is suspended (paused) when the IRS is prohibited from collecting tax. The collection period is extended (lengthened) when the IRS is legally authorized to add a specific amount of time to the initial 10-year collection period. For more information: https://bit.ly/4oaAAxL