Browsing: Statute of Limitations

I. Introduction Taxpayers need to know about the IRS Statute of Limitations to make sure they follow tax laws and avoid penalties or interest. This detailed guide is meant to give useful information about this subject and help taxpayers understand the complicated tax system. Best Tax Relief CompaniesRead Reviews – Compare Prices – Save Money II. Definition of the IRS Statute of Limitations The IRS Statute of Limitations sets the legal time frames for tax-related actions such as assessment, collection, and refund claims. After the expiration of the relevant statute, the IRS loses its legal authority to assess taxes and…

No one likes being sued, especially for debt collection. Going to court and arguing about an unpaid debt can be daunting, and you may be tempted to ignore the summons. However, ignoring the lawsuit will not make it go away. Failing to respond to a summons means raising the white flag of defeat and handing victory over to the debt collector. Debt collection lawsuits can be scary, especially when dealing with them alone. But it’s important to know that you have options and resources, regardless of which route you choose. This article provides an overview of what to expect when…

Debt lawsuits are never fun, but this article will help make responding to one a little easier. You’ll find helpful topics on how to answer a debt collection lawsuit in Colorado, including information on state deadlines, forms, and filing fees. Prepare a response to the lawsuit before the deadline The Colorado Rules of Civil Procedure Rule 12(a)(1) states: “A defendant shall file his answer or other response within 21 days after the service of the summons and complaint.” You have a limited time to respond to a debt collection lawsuit filed against you in Colorado. The 21-day period begins after…