Tag Archives: currently not collectible

What If You Weren’t Prepared to Owe the IRS Money This Year — And Now You Do?

This is not shaping up to be an easy year for American taxpayers. According to a recent IRS report, refunds are down nearly 17 percent. This has come as a shock to many taxpayers, some of whom expected hundreds, even thousands of dollars more than they’ve actually received. Still others must pay in this year. […]

How Do You Qualify For ‘Currently Not Collectible’ Status With the IRS?

You’ve incurred considerable tax debt and are concerned about your inability to pay; what now? If installment payments are not currently an option, it may be worth your while to explore an alternate approach: Currently Not Collectible (CNC) status. Read on to learn more about this option — and how qualification works: What Does It […]