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20.2.5.2
(03-01-2002)
Statutory Period for Assessment and Collection of Interest
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Interest may be assessed and collected at any time during which the ta07-31-2001 to which it relates may be collected. IRC
section. 6601(g).
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Generally, taxes assessed after November 5, 1990 must be collected within 10 years after date of assessment (Collection Statute
Expiration Date (CSED)), IRC section. 6502(a). See IRM 25, Statute of Limitation, Collection, for additional information on
CSED.
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Prior to November 5, 1990, the statutory period for collection was six years.
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The statutory period of limitations for filing a claim for refund of overpaid debit interest is generally two years from the
date of the payment or three years from the return due date. See IRM 25, Statute of Limitation, Claims, Abatements and Refunds,
for additional information on Refund Statute Expiration Date (RSED).
Exception:
If a consent (Form 872) to extend the Assessment Statute Expiration Date (ASED) is secured, the period for filing a claim
for refund of overpaid interest is also extended six months from the new ASED.
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