Currently Non-Collectible
Taxpayers struggling with financial hardship may be eligible for complete relief of their IRS tax debt. If your financial situation shows that you have too little money left after you pay for the essentials of living such as rent, utilities, groceries, etc., you may qualify for Currently-Non-Collectible (CNC) status. Currently-Non-Collectible removes the taxpayer’s balance from active collections with the IRS. Read More
A taxpayer can provide documentation of their current financial condition, and if the documentation shows that the taxpayer cannot meet their basic obligations, let alone their tax liability, the IRS will declare a financial hardship. As the Statute of Limitations on a tax debt is 10 years 9from the date the return is filed), the individual must continually file their tax returns and provide any requested information to the IRS in a timely fashion. The Currently-Non-Collectible status allows taxpayers some relief while trying to improve their financial condition.
