If you live in the Albany area and owe the IRS, there is a good chance penalties make up a painful chunk of what you owe. Many people are surprised to learn that their original tax balance is not the real problem anymore. Penalties and interest have quietly taken over.

If you’ve owed the IRS for years, it may feel like there’s no end in sight. But the truth is, there’s a limit. The IRS has ten years from the date your tax is assessed to collect. After that, the debt expires — permanently. When the 10-Year Period Begins The