The IRS will place a taxpayer’s account on a Currently Not Collectible (CNC) status when they have accessed the tax payer’s financial status and have made the determination that the IRS is unable to collect the taxes from the taxpayer by full payment, through an Installment Agreement or by of Offer in Compromise. Once the account is placed on a CNC status, the tax payer is protected under the statute of limitations on the tax liabilities and the IRS does not pursue collection activity against the taxpayer and will continue to run. The tax payer’s account will remain on a 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 their tax debt.
Call now for a free evaluation and immediate help! 1-888-387-1760