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).
By law, the IRS has to collect taxes due within 10 years from the date the tax return is filed. If you negotiate a payment plan with the IRS, then the payment amounts are structured to make sure that your entire tax bill is paid off by the end of the 10-year collection period.y law, the IRS has to collect taxes due within 10 years from the date the tax return is filed. If you negotiate a payment plan with the IRS, then the payment amounts are structured to make sure that your entire tax bill is paid off by the end of the 10-year collection period.