After the assessment has been made, the taxes assessed must be collected within:
A)2 years
B)10 years
C)5 years
D)8 years

Name: After the assessment has been made, the taxes assessed must be collected within: A)2 years B)10 years C)5 years D)8 years
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Question

Quizplus · Accepted Answer

The correct answer is 10 years. According to the Internal Revenue Code, the IRS has 10 years from the date of assessment to collect any taxes owed. This period is known as the Collection Statute Expiration Date (CSED).

After the Assessment Has Been Made, the Taxes Assessed Must