Can’t Pay Your Tax Bill? You May Qualify For Currently Not Collectible Status.
You may qualify for “Currently Not Collectible” status if your circumstances are such that you have no income left after your bills have been paid that can be used to pay an IRS installment agreement.
If you cannot pay anything toward your tax debt, the tax lawyers at our firm can negotiate with the IRS on your behalf for “Currently Not Collectible” status (CNC) as a form of debt relief. There is no IRS collection activity for any case in Currently Not Collectible status. That means that IRS seeks $0 for the past taxes owed, and only expects the Taxpayer to pay future taxes, as long as they remain in CNC status and/or until the taxes expire. In many cases, CNC will provide the best relief to a client.
Experienced Tax Defense
Atlanta, Georgia, tax lawyer Cal Bomar has handled tax problems from both sides of the table. His prior work with the IRS informs his tax defense practice today, allowing him to argue persuasively on behalf of his clients in civil tax matters involving the inability to pay back taxes. Contact an Atlanta tax attorney to schedule a consultation.
What Will Happen After You Receive Currently Not Collectible Status?
You will receive a letter periodically reminding you of your debt. Periodically, the IRS may ask for an updated financial statement to see if your ability to pay has increased. As long as your income and assets remain the same, this will continue until (a) you file bankruptcy, or (b) 10 years from the date of assessment has elapsed. After 10 years, the IRS can no longer collect on that tax debt.
Bomar Law Firm has offices in Atlanta, Georgia and Birmingham, Alabama. Contact us at to schedule your free consultation to discuss your case with an Atlanta, Georgia, tax lawyer who is also a former IRS Chief Counsel attorney. The firm handles cases involving captive insurance company litigation and syndicated conservation easement litigation, guiding clients through IRS tax disputes and promoter malpractice cases, as needed to get them to the best result.
The firm has tax professionals available who speak Spanish. (El Despacho de Abogado Bomar tiene oficinas en Atlanta, Georgia; y Birmingham, Alabama. El Ex Abogado del IRS. Hablamos Español. Contáctenos hoy al ).