The IRS Can Place a Taxpayer Account in Not Collectible Status if the Taxpayer Can Prove Inability to Pay

Taxpayers owing outstanding federal income tax liability have various options for dealing with the delinquent taxes, including installment payment agreements, offers in compromise and bankruptcy. One option that doesn’t require the taxpayer to pay any money out of the pocket is to be placed in currently not collectible status (“CNC”). What is CNC. CNC means…

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