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).
Time Frame. Step. In general, the IRS only has three years to audit your returns. Once it decides that you owe a back tax bill, it has 10 years from the time the first bill is sent out to collect it. If the IRS owes you a refund, you only have three years to claim it after the tax year in question.