Financial Hardship / Currently Not Collectible Status
It’s not always how much you owe, but rather how much you’re worth. Regardless of the amount of tax debt, if the IRS agrees that you can’t both pay your taxes and your reasonable living expenses, it may place your account in Currently Not Collectible (CNC) or financial hardship status. The IRS and/or State would stop or delay collections until your financial situation improves. Usually if you qualify for a financial hardship the next step would be to negotiate for a settlement or Offer In Compromise.
The Tax Defense Group has effectively negotiated on behalf of thousands of clients and placed them in CNC status. No matter how dire your financial situation appears, there may be a silver lining in that we will be able to negotiate away your tax debt. Our team of licensed tax professionals can make sure you don’t pay a penny more to the IRS than required by law. We want to get you back your financial freedom!