Currently not Collectible


Currently Not Collectible (CNC) status is a temporary relief option offered by the IRS for taxpayers who are experiencing financial hardship and are unable to pay their tax debts. When a taxpayer is classified as Currently Not Collectible, the IRS agrees to temporarily suspend all collection activities, including levies and garnishments. While in CNC status, the taxpayer is not required to make payments towards their tax debt, but interest and penalties continue to accrue. To qualify for CNC status, taxpayers must demonstrate to the IRS that paying their tax debt would cause significant financial hardship, such as being unable to afford basic living expenses.

Navigating Tax Challenges for Financial Freedom

If you're in a situation where you owe taxes to the IRS but can't manage both your tax liability and basic living expenses, you might qualify for Currently Not Collectible (CNC) status. This status temporarily stops IRS collection actions.

Financial Assessment

Determining CNC eligibility involves a thorough review of your finances, including personal and business aspects. Trusted Tax Advisor can help assess your income, expenses, and tax liability to determine if CNC status is an option.

Qualification Criteria

CNC eligibility is based on your financial situation and the amount you owe the IRS. If your monthly expenses exceed your income, and your assets are significantly less than your IRS balance, you may qualify for CNC status.

Comprehensive Assistance

Our team manages the entire process for you. After reviewing your financial details, we prepare a comprehensive report demonstrating why CNC status is appropriate. With our expertise in finance and law, we can effectively advocate for you.

Exploring Alternatives

If you don't qualify for CNC status, other options may be available. Trusted Tax Advisor can evaluate your situation and recommend the best course of action.

Don't let IRS pressure force you into unaffordable payment agreements. Trusted Tax Advisor understands tax law complexities and can help you navigate this process, finding the best solution for your financial situation.

Take the first step toward tax liability relief and regaining control of your finances.

If you're dealing with tax issues and wish to arrange a private, complimentary case evaluation, reach out to us now for a candid consultation on tax relief.

Call (305)488-4188 or click below to schedule a Tax Relief Strategy Session