No, he cannot. You should tell him so, and be on the lookout at all times for correspondence from the IRS.

This is not a problem until it happens. Just deposit the check.

You might avoid reporting the capital gain on your tax return, and that result might be short lived. You would also be increasing your chance of...

This is not a simple issue capable of a yes/no answer, and deserves more than an internet question and answer session. Consult with a tax attorney...

I understand your situation, and have worked with many people in similar circumstances. In order to take the first step toward resolution, and to...

This is quite an interesting situation, and one I have actually been involved in several times before. Yes, you can do this, as it might help the...

Can you please explain and spell out all of your abbreviations? That way we might be able to better understand your situation.

If you want to report someone, then you should do it, and let the other parties worry if there is a statute of limitations issue. If, however, it...

You can file a Collection Due Process Request and get your collection matter into the hands of a fairly independent appeals officer. Your...

You can appeal the proposed assessment, and thereby gain an opportunity to learn how and why they disagreed with your tax return. I assume you did...