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The IRS have 10 years to collect - and if they don't, your debt is erased. It's called the Statute of Limitations (note...this only applies to Federal Taxes. Some states can indeed hound you for the rest of your life to pay your state taxes). But don't get too excited yet.

According to the IRS website,  "We usually levy only after these three requirements are met..."

You know it's time to DO something.....but what? Every day you wake up with that gnawing pain in your gut, knowing that you have an IRS problem and it just won't go away. You can never really relax with an IRS problem It's with you 24/7.

Cary Bryson, Louisiana Tax Resolution Attorney and co-founder of Bryson Law Firm, LLC, is proud to accept the 2012 Better Business Bureau® Douglas Manship, Sr. Torch Award For Ethics in Business.

Cary Bryson, a Louisiana Tax Resolution Attorney, was recently featured in The Wall Street Journal as well as major online media outlets, including Yahoo!Finance, Morningstar, CNBC, MarketWatch and many others.

History has its share of famous (and infamous) people who have made attempts to cheat the IRS and paid the price...

In 2006, Will Smith starred in a movie called "The Pursuit of Happyness", a true story about Chris Gardner, a man with a 5-year old son who ends up homeless on the streets of San Francisco.  Smith was nominated for an Academy Award and a Golden Globe Award for his part in this inspiring film, which tells with an unblinking eye the real-life story of a man's struggle with a string of back luck coupled with questionable decisions.

If you are feeling the pinch when it comes to taxes, the IRS is going to do more for those who are financially strapped and unable to clear tax debts.

When the Fresh Start initiative started in 2008, the IRS announced that it would provide taxpayers with lien relief if they are were trying to sell or refinance a property. New flexibility was added in 2009, along with expanded thresholds for small business owners.

Myth: " Settling my case with the IRS doesn't mean I'll walk away footloose and fancy-free"

Answer: I'm not going to paint some rosy picture that facing up to your IRS problem and working out a solution is going to be pleasant.

Tax evasion and tax avoidance – what's the difference?