Placement on a Currently Not Collectable Status
Taxpayers who are on a fixed, limited income or are undergoing a financial hardship and can successfully show the IRS they cannot collect may qualify for "Currently Not Collectable" status. During the "Currently Not Collectable" status the IRS stops collection attempts and reevaluates the taxpayer's ability to pay the tax debt at the end of the status. The duration of the "Not Collectable" placement varies, but can last until the statute of limitation expires and thereby prevent the IRS from collecting on the tax debt.
Contact Bentz Law Firm for a Free Consultation
For more information on currently not collectable status and other debt relief options, contact the Bentz Law Firm online today to schedule a free consultation or call (312)641.2233 ext. 269.
DISCLAIMER:This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.
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