Is it true that the IRS can only garnish wages for 6 years?

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Is it true that the IRS can only garnish wages for 6 years?

I owe back taxes in excess of $25,000 and was unable to get a mortgage and am reluctant to file bankruptcy. I almost entered into an agreement with the IRS for $300 a month without a lawyer. With interest the IRS wants close to $50,000. Would this be a good deal or would they want payment until I am gone. I trusted my spouse to file. An IRS agent already informed my how stupid I was.

Asked on November 20, 2011 under Bankruptcy Law, Wisconsin

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

Before you make a decision as to working an agreement with the internal revenue Service over back taxes owed, I suggest that you consult in more detail with a tax attorney or at the very least a certified public accountant about your situation.

If you and your spouse did not file any tax returns, the Internal Revenue Service essentially has no time limitations to be bound to for unfiled tax returns and collection purposes. However, with filed tax returns, the Internal Revenue Service typically is limited to a six year time period to collect on tax returns for a given year.


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