Tampa Attorney for Taxes That are Currently Not Collectible
What is Currently Not Collectible (CNC) Status?
Are you currently in a position of financial hardship?If you simply cannot afford to pay any amount towards your tax debt, it may be possible to get the IRS to put your account in a Currently Not Collectible (CNC) Status. CNC Status is determined by an extensive evaluation of your financial situation. A Tampa IRS tax relief lawyer is experienced in working with the IRS in determining your eligibility for CNC Status.
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If paying any money towards your taxes would create an undue economic hardship, we can get the IRS to stop collection actions against you for a period of time until you can get back on your feet. And if your financial situation does not improve, you will remain in CNC Status indefinitely. Furthermore, the statute of limitations for tax debt (usually 10 years) continues to run. It is possible that by the time your economic situation improves, you may have exhausted the IRS's ability to collect the past due tax.
Currently Non-Collectible Statue of Limitations
There is a 10-year statue of limitation on collections for IRS currently non-collectible.
That means that the IRS has up to ten years to attempt to collect on taxes, after which point the statute of limitations are enforced. The IRS Statute of Limitations is still running for those back taxes owed.
The statute of limitations lasts 10 years from the date the taxes are due. If they are not collected in this period, they can no longer collect on these amounts (with some exceptions).
Tax Debt Solutions
When you need solutions to your tax debt, Attorney Brian Loughrin is here to help you get through the complex legal issues that can arise. While it is not always easy to fit into the category of Currently Not Collectible status, our firm know the tax laws that apply to this situation and may be able to help you with the IRS in getting a hands-off approach to collecting your debt. When you have few financial resources, we will carefully review your situation and recommend the appropriate steps to take. We are dedicated to obtaining the best results possible under the circumstances and will work diligently on your behalf.
Contact a Tampa IRS tax relief attorney to find out if we can help you with CNC status.
“Brian was able to guide me through a very difficult situation, handle all my problems with the IRS and and answers all questions and concerns.”- FH
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