Currently Not Collectible Status
If you owe back taxes due to a delinquent tax debt and your financial resources are compromised, Currently Not Collectible Status could be the answer. IRS tax help from a tax attorney can get the IRS to leave you alone and stop collection efforts for 18 months. If you do not qualify for an Offer in Compromise and you cannot afford an Installment Agreement due to financial hardship, IRS tax help from a tax attorney from TRI can have your back tax debt placed in a Currently Not Collectible Status (CNC) by the IRS.
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IRS Tax Help By A Tax Attorney
Once your account is designated with Currently Not Collectible status, all collection activity by the IRS stops. The statute of limitations on your tax debt will continue to move towards the eventual expiration date. Once Currently Not Collectible status has been granted by the IRS, your financial status has to change significantly in order for the Currently Not Collectible status to be revoked. If your IRS tax account status remains in Currently Not Collectible status , your tax debt will be cancelled once the statute of limitations expires. This is the kind of IRS tax help by a tax attorney that TRI specializes in achieving.
Achieving Currently Not Collectible Status
The IRS expects you to keep your tax status and filings up-to-date when your tax debt is designated as Currently Not Collectible status. If your financial situation improves, the Currently Not Collectible status of your tax debt will be revoked. IRS tax help from a tax attorney will help prepare you for any outcome.
We know the ins and outs of having the IRS designate a beleaguered tax account with a Currently Not Collectible status. If your tax problem has you trapped in a cage with no exit, call us today. Peter Stephan and the Tax Experts at the Tax Resolution Institute can find a workable solution for you.
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