Unpaid State Taxes
The Texas statute of limitations for tax debts is three years from the date the taxes were due or the date a tax lien was recorded, with exceptions (i.e., no statute of limitations) if the debtor has committed fraud, has failed to file a return, or has committed a gross error (an error which, if corrected, would increase tax owed by 25% or more). The limitations period is extended for periods during which the debtor is in bankruptcy proceedings, in the event of a payment made under protest, or during any litigation over the amount allegedly owed. So you can expect the tax debt to appear for at least ten years.
|