[tnetshar]

I was making monthly payments on an outstanding IRS debt until 1994 when I discontinued paying. Is there a statute of limitations that applies? What is my liability here?

[Mr. Knowitall]

There is a ten year statute of limitations for the collection of past-due income taxes, although there may be exceptions that apply to your case. You should verify the collectibility of your debt with a CPA, tax lawyer, or enrolled agent.