IRS Offers in Compromise – Suspension of Collection (Part VI)

Ordinarily, the statutory time within which the IRS may engage in collection activities is suspended during the period that the OIC is pending, for 30 days immediately following the IRS’s rejection of an OIC, and for the period in which a timely appealed rejection is being considered by the IRS Independent Office of Appeals.

[FYI:  IRM:  5.1.19.1.1 (02-07-2020)

Each tax assessment has a Collection Statute Expiration Date (CSED). Internal Revenue Code section 6502 provides that the length of the period for collection after assessment of a tax liability is 10 years. The collection statute expiration ends the government’s right to pursue collection of a liability.]

IRS Topic 204 (TTT 01/04/22)