If paying your IRS tax debt would cause you undue financial hardship, you may qualify for Currently Not Collectible (CNC) status. If the IRS decides your case is legitimate, IRS will halt collection for the duration of your CNC status, although you may still be subjected to a lien.
Generally, to be accepted as Currently Not Collectible you must demonstrate to the IRS that you cannot pay your tax debt after meeting monthly living expenses or by liquidating certain assets.
Applying for hardship status on your own is time-consuming and can ultimately end in failure. Our tax professionals are familiar with IRS rules and regulations. If we feel you have a good chance to qualify for hardship status, we will submit the correct paperwork on your behalf and emphasize your suitability to the IRS.
Currently Not Collectible is best thought of as a reprieve from collection enforcement that is subject to review. Once your status is confirmed, we can recommend options that will bring your tax controversy to a permanent close.
We will love to help you explore your options and get you tax relief!