Currently Not Collectible Status Representation

Currently Not Collectible (CNC) status — while this status does not eliminate or even reduce the tax you owe the IRS, nevertheless it can be very helpful in certain situations. If the IRS determines your account is currently not collectible that will stop the IRS from going forward with any collection activity. It buys you time to work out a solution with the IRS. Also, while your account is in CNC status, it's possible for the 10-year statute of limitations on collections to run out.

Installment agreements — payment plans allow you to pay your tax debt over time. This is especially helpful if you do not qualify for an Offer in Compromise. Depending on your circumstances, you may even qualify to pay only what you can afford to even if it's only a fraction of what you owe.

Please contact Allen Schuldenfrei at 410-358-7435 or through the brief online form for more information about your Currently Not Collectible (CNC) status needs. I serve clients throughout Harford, Howard and Anne Arundel counties.