Currently Not Collectible
If a taxpayer does not qualify for an offer in compromise and cannot afford to pay an Installment Agreement, Currently Not Collectible (CNC) status may be an option. If a client is placed in CNC status, the statute of limitations continues to run and the IRS will not pursue collection actions. However, if a taxpayer’s financial status improves, the IRS can remove the file from CNC status and return to active collection status.
If you need information and guidance regarding your tax debt relief options, we encourage you to schedule an appointment with a tax attorney at Conley Law Practice, LLC. Call us locally at 610-524-3200 or send us an e-mail today.