Statute of Limitations on Collections - 0.2 CPE

The IRS generally has 10 years to collect assessed federal tax liabilities, but that period is not always a simple countdown. Assessment dates, tolling events, appeals, bankruptcy, and collection activity can all affect when the collection statute expires.

Learning Objective

Determine how assessment dates and tolling events affect the IRS collection statute expiration date for federal tax liabilities.

Course Description

This nano-learning course examines the federal collection statute expiration date (CSED), including assessment dates, tolling events, and IRS collection actions that affect the collection period for unpaid tax liabilities.

Ideal For

Tax professionals, enrolled agents, CPAs, and preparers assisting clients with IRS balances, collection notices, installment agreements, offers in compromise, liens, levies, or tax resolution matters.

Why This Topic Matters

Misunderstanding the collection statute expiration date can lead to costly planning errors, unnecessary payments, missed resolution opportunities, or unintended extensions of the IRS collection period. Understanding assessment dates, tolling events, account transcripts, and IRS enforcement tools is essential when advising taxpayers with unpaid federal tax liabilities.

Author / Instructor

Lee T. Reams, Sr., BSME EA
Lee T. Reams, Sr. is an Enrolled Agent with extensive experience in tax preparation, representation, and advanced tax planning. He is known for helping practitioners apply complex tax rules in real-world client situations.

Course Details

This course qualifies for NASBA continuing professional education credit. CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Understand How IRS Collection Deadlines Affect Tax Resolution

Start Statute of Limitations on Collections and learn how assessment dates, tolling events, and IRS collection procedures affect the timeline for collecting unpaid federal tax liabilities.