Statute of limitation on State tax

Tax liens will be reported in your credit file for 7 years from the date satisfied, not filed. If you do not pay them, it will remain for longer period. As per the state laws, they are collectible for only 6 to 10 years under certain provisions. If you offer compromises or payments, the SOL will get renewed.

Is your husband having any plans to pay them now?

Thanks for your quick response Justme...That gives us
some good information to go with....He wants to call and
settle for $90.00..the rest is interest..crazy..but if it renews the SOL we will see...I will keep you posted.
Thanks 8)

The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential." Internal Revenue Code, section 7122.

Allow me to add some more to this topic :)

Following factors are evaluated while collecting back taxes.

• The financial ability of the taxpayer to pay
  
• The amount of equity in the taxpayer's assets
  
• Your present and future income as well as expenses
  
• Your potential for changed circumstances.
  

But will an Offer in Compromise allow them to levy or report this on a person's credit bureau? Also, is there a limit on amount owed for an offer in compromise to take place?