Tax Lien and IRS Question

[rek88]

I recently was informed that the statute of limitations ended for taxes owed due to a failed business venture. I had an OIC that I paid on every month, but still owed a balance upon the 10 years ending. My question is should the lien still be removed even though there is a balance? If so, how do I do this?

Secondly, my original tax date was 06/30/1997. I had an original OIC that was redone a few years later for a greater amount as I missed one payment. However, I continued to make payments until September 2008 before I was informed that the statute had ended. Is there any chance of taking action for the additional months that I paid? If so, how should I proceed?

Thanks in advance for your time and advice.

 

[Michael Wechsler]

We don't know the fax. Apparently if you made payments through 2008 it's possible that there is no statute of limitations issue. It only kicks into gear when there is something that doesn't happen that would require them to start collection - from what I'm gathering. For example, if you made a contract 20 years ago and the other party breached yesterday, you have X years to file suit in order to collect starting from the breach of contract. If the other party paid, why would the statute of limitations run? If it worked liked you are telling me, nobody would be paying for long term agreements.

So the SOL might begin to run in October 2008 when you defaulted on payment, which is just my impression. I don't know any of the facts so take it for what its worth.