Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Raycpa
Then they are on borrowed time.

Well, if they die while awaiting arrival of the IRS people, I guess they've won, in a sense. If it takes 10 years for the agency to really get serious, I have a hunch some folks would be far ahead to simply stop complying. Point out the error of my thinking, please.

202 posted on 07/16/2007 2:36:42 PM PDT by badgerlandjim (Hillary Clinton is to politics as Helen Thomas is to beauty)
[ Post Reply | Private Reply | To 201 | View Replies ]


To: badgerlandjim

10 years is the statute of limitations. As they get closer to that date they ramp up collection actions. They have nothing to lose by waiting because the interest and penalties rack up and it is a pretty good return on their money.


206 posted on 07/16/2007 5:14:31 PM PDT by Raycpa
[ Post Reply | Private Reply | To 202 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson