I have a capital gains loss of $250K and an IRS debt of $200K, this happened through series of mistakes. I'm currently in non-collectible status. I understand that the IRS has 10 years to collect on the debt, my question is can the IRS outright waive the loss of $250K as some sort of a collateral so that I can no longer use it as tax deductible in the future? Or do they not have the power to just blatantly do that?
Point being that if I stayed in non-collectable status for 10 years, afterwards I could the use the $250k of loss as a deductible for future gains from that point onwards, however if the IRS waives the loss outright without my permission then that would really screw me up.