Collection Statute Expiriation Date If my collection expiration date for 2007 taxes is a year away and I have no assets except for a small amount in a retirement account (that has a loan against it for school), what should I do? From what I've read an installment plan can only go the CSED, and I can't come close to repaying the amount by then.
There is the option extending the CSED with the use of a Partial Installment Plan, where they take a reduced amount over up to 2 years.
It seems odd they'd rather take a reduced amount then the full amount over a longer period.
Someone recommended just letting the CSED come and go and not pay anything, but I'm afraid they'll take 100% of my paycheck for the next year, and I'd really like to pay it off. |