Struggling to juggle your tax bill and everyday expenses? You’re not alone, and [TaxSolve] is here to help. You might be eligible for a special IRS status called Currently Not Collectible (CNC), which could give you a break from IRS collections. It’s not a sure thing, and the process can be tough, but our friendly tax pros will guide you every step of the way to see if CNC is right for you and help ease the stress of your tax debt.
What is CNC and Could You Qualify?
CNC status is like hitting pause on IRS collections. If the IRS sees that your income barely covers basic living expenses—like rent, food, and utilities—they may temporarily stop trying to collect your tax debt, halt wage garnishments, and hold off on seizing your assets. Sounds great, right? But there’s a catch: your debt isn’t erased, so interest and penalties keep piling up, and the IRS could still place a tax lien on your property. Plus, they’ll keep tabs on your finances, and if your income goes up or you miss filing tax returns, you could lose CNC status. To apply, you’ll need to submit detailed financial records, like bank statements and asset values, and convince the IRS you can’t pay. It’s a complex process with no guarantee of approval, but our experienced team can help you navigate the paperwork and build a strong case.
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Get Started for FreeFrequently Asked Questions
about Currently Not Collectible
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Whether your returns are simple or complex, our team of tax preparers is ready to help.
- Who can get CNC status?
You might qualify if:
- You’ve filed all your tax returns
- You don’t have enough money to pay your taxes after covering basic needs like food, rent, and bills
- You can show the IRS your income and expenses prove you’re struggling
- What do I need to apply?
You need:
- Your tax return info
- Details about your income, like pay stubs
- Info about what you spend on things like rent, groceries, and bills
- Bank statements or other proof of what you own
- How long does CNC last?
It can last as long as you can’t afford to pay. The IRS checks your money situation every year or two to see if things have changed.
- What happens while I’m on CNC?
The IRS stops trying to collect your tax debt, like taking money from your bank or wages. But interest and penalties might still add up on what you owe.
- What if my money situation changes?
If you start earning more, the IRS might end your CNC status and ask you to start paying again, maybe through a payment plan.
- Why get a tax pro to help?
A tax pro can:
- Check if you qualify for CNC
- Fill out forms correctly
- Talk to the IRS for you, making the process easier and faster