The Holdings Calculator permits you to calculate the current value of your gold and silver. 1  Enter a number Amount in the left text field. 2  Select Ounce, Gram or Kilogram for the weight. 3  Select a Currency. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings.
After the debt is put on the IRSâs books (assessed), the IRS has 10 year to collect the tax debt from you. The legal reference is Internal Revenue Code 6502(a)(1). During those 10 years, the IRS can levy your wages, your bank account, or take your property (possible but unlikely).
How Much Do I Owe The IRS? How to Find Back Taxes Owed. If you fail to file or pay your taxes on time or in full, the IRS will send you notices known as âCP Letters.â The IRS will typically contact you 60 days after the April 15th (April 18th in 2011) tax filing deadline, or send letters to your last-known address.