The IRS has only 10 years to collect delinquent taxes. Taxpayers erroneously believe if they “wait out” this period, they are home free. This is usually not the case. Even though it may take many years, the government has the ability to locate you through multiple, computer-linked sources. Also, the 10-year statute of limitations can be extended by:
The IRS filing a Substitute for Return (SFR)
Filing an Offer in Compromise (OIC)
Requesting an Installment Agreement (IA)
Requesting an IRS hearing or appeal
Filing bankruptcy