Non Collectible

Tax Debt Resolution Tax levies Tax Liens Tax Filing Tax Returns Tax Debt Tax assistance Tax Resolution Tax Help Tax Services Income Tax Services Income Taxes Payroll Tax Services Tax Payment Plans Tax Innocent Spouse Bank Levies Offer in Compromise Tax Penalty Abatement Payroll Taxes Offshore Banking Currently Non-Collectable Audit Representation

Contact South Coast Tax Resolution for Your Free Tax Debt Analysis!

(800)787-1359


The Internal Revenue Service (IRS) will place a taxpayer’s account on a Currently Non Collectible (CNC) status when they have determined that the IRS is presently unable to collect the taxes from the taxpayer by full payment, through an Installment Agreement or by way of an Offer in Compromise. Once the account is placed on a CNC status, the IRS does not pursue collection activity against the taxpayer and the statute of limitations on the tax liabilities will continue to run. Generally, unless the taxpayer’s financial situation changes, the account will remain in CNC status until the tax liabilities expire. However, if the taxpayer’s financial situation improves the account will be taken off of CNC status so that the IRS can collect the taxes through full payment or an Installment Agreement.

When a taxpayer has a negative cash flow and has equity in assets that the taxpayer is dependent upon, the taxpayer could attempt to resolve their account by having their account placed on a CNC status depending on their circumstances. For CNC status, the underlying issue is that liquidation of a particular asset is either not feasible or would cause a financial hardship.

Facebook
Facebook
Twitter
SOCIALICON