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IRS Collection Statute Expiration

 

A small-business owner in Montana hired Timberline Tax Group to resolve his business and personal tax liabilities with the Internal Revenue Service.  Upon opening the case, we noticed that a balance for 2006 would soon expire and that the IRS was likely going to want to collect on that via tax levies, garnishments, or asset seizure.  Timberline negotiated with the IRS to initiate and maintain holds on during this time period.  Through this effort, the holds outlasted the Collection Statute Expiration Date, saving our client $54,777.02!

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