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Statute of Limitations for Taxes

The IRS tax statute of limitations can work in your favor—or against it. Let Lothamer help you get current and get on with your life.

Learn About The Time Limits To Claim a Refund and Take Advantage Of The Tax Statute Of Limitations on Collections

Just like with other legal systems in our country, there is a maximum period of time that the IRS and many state tax agencies can act. Generally speaking, the IRS Tax Statute of Limitations works two ways: it imposes a time limit on how long the IRS can collect taxes you owe, and puts a limit on how long you have to claim a tax refund. When you work with knowledgeable CPAs, tax professionals, and Enrolled Agents, you can take maximum advantage of these statutes to potentially eliminate your tax debt or claim refunds owed to you from previously unfiled tax returns.

How We Can Help You Benefit from the IRS Statute of Limitations

The Collection Statute End Date (CSED) for the IRS to collect is generally 10 years from the date the tax was assessed—NOT when the tax was due. For example, if you file a return late, the statute starts when you file. Certain factors, such as filing bankruptcy or an Offer in Compromise, extend the statute of limitations. We can advise you of the CSED for a tax period and determine whether or not to file an Offer in Compromise, or instead, secure an Uncollectable Status and wait out the Statute of Limitations on Collection.

If you are owed a refund, you generally have three years from the date the return was due, or two years from when the tax was overpaid, to file and claim your refund. If you don’t act within the statute, the refund is gone forever. Every year, millions of dollars are left on the table because of expired refunds. Because we are a tax resolution firm, we’re better positioned than the normal CPA firm or law firm to help you claim your refund in time!

However, there is an exception to the statute of limitations for claiming refunds, and that if for Financial Disability. To qualify for this little known provision, one has to be unable to manage his or her financial affairs when the regular statute of limitations expired for getting a refund. Lothamer has experience with using this little-known provision, and has gotten refunds that were over 20 years old, and IRS paid interest on those refunds for all those years

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Tax Resolution Success Stories

Before I hired Lothamer to deal with my tax problems I was under an extra ordinary amount of stress from the state and federal collection agencies. Now my situation is manageable and stress free. I don’t dread going to the mailbox.

William - Harbor Springs, MI

Lothamer tax resolution is very easy to work with in resolving any tax issues. They are professional yet very friendly. You will be in good hands.

Chris C. - Naperville, IL

When U first contacted Lothamer I saw no way out of my situation. The professionalism experience and knowledge upon first meeting put my mind at ease and after 3 years of working knowing my settlement was finally to come to terms the fear and weight of my shoulders in priceless.

Sharon - Spring Lake, MI
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Tax Resolution Success Stories

Great company to work with.

Todd H. - Evansville, IN

Megan was super helpful!

Kieran H. - Lexington, KY

All of the Lothamer people are so helpful and knowledgeable. We had a lot of issues to clean up and they were quick and thorough. We are breathing easier thanks to them!

Marina B. - South Bend, IN
Your Roadmap to Resolution Starts Here

Within the first 24–72 hours, we can do more than what most other tax firms do in several weeks.

Step
1

CALL OUR OFFICE To Learn More About Our Process For Getting Same Day Tax Help

For a reasonable fee we will call the IRS and Request a Stay on Collection, obtain transcripts as to years unfiled, balances due, and income reported to the IRS, and provide you with a consultation within three days with a licensed professional, CPA, or Enrolled Agent.

Step
2

MEET WITH A LICENSED CPA, PROFFESIONAL, OR ENROLLED AGENT and Get Your Roadmap to Resolution

Our meeting with you will be a virtual meeting, using our proprietary video conferencing software, performed in the privacy of your office, home, or vehicle, with a licensed professional, CPA, or Enrolled Agent to learn about our findings, discuss your options, and provide you with a plan to resolve your tax problem. At this meeting, we will give you an estimated cost for the services to carry out the plan developed.

Step
3

IMPLEMENT THE PLAN Developed in Step 2

Upon accepting the Terms & Conditions in our service agreement as outlined in Step 2, we will immediately go to work solving your tax problem. We will get you set up in our eResolution Client Portal, giving you access to critical deadlines and next steps to view the progress of your case.

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