You’ve made every effort to settle your tax bill, but you just can’t achieve a positive standing with the IRS. Collections could be in your future if you don’t take action. Don’t lose hope just yet. A few final options may be available for stopping IRS collections or at least delaying the process until you […]
You’ve done the hard work of proving that your tax account is currently not collectible (CNC). The result? Temporary relief from IRS efforts to collect on your debt. Unfortunately, this relief may be short-lived. A lot depends on your financial situation, but you can expect the IRS to make every effort to have your account […]
If you are unable to pay your tax debt through an installment plan, you could qualify for currently not collectible (CNC) status with the IRS. This valuable program can provide relief when you need it most. Keep the following in mind as you consider whether CNC is a realistic option for your situation: 1. CNC […]
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. […]
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 […]