CURRENTLY NON COLLECTABLE

If You Cannot Afford to Pay the IRS in Full!
Currently Not Collectable,  may be for You, its commonly known as 'Hardship'.
We can prepare a request for CNC and work with you until the arrangement is agreed upon.  Give us a call to discuss your needs whether local or out of town or in another state we can help you get back on track with the IRS and State.

Currently Not Collectable - How does it work?      
What if I can’t pay anything?

• If your income is not enough to pay your bills and paying the IRS would be a hardship to you.
• You are sick and unable to work or you become unemployed.
• You are receiving disability and don't have the ability to pay the IRS.
• If you have no substantial assets or equity to pay the IRS.

If the IRS agrees that you can’t pay, it may suspend collection action and classify your account as currently not collectable. The next step is to determine if you are able to pay all or part of the tax you owe. If it is determined that you cannot pay any of your taxes due to an economic hardship, the IRS may temporarily delay collection until your financial condition improves.  To obtain this classification the IRS would have to be informed of your request and substantiate your claim with proper documentation.
Will the taxes owed go away when I am classified as "Currently Not Collectable?
Being currently not collectable does not mean the taxes owed goes away. It means that the IRS has determined you cannot afford to pay the taxes at this time. Penalties and interest will continue to be added to the balances owed until either you pay off the balance or the statue of limitation expires which is 10 years from the date of assessment.

If you cannot afford to pay the IRS, We CAN HELP!

WE CAN HELP! Call Genesis Tax Resolution,     Call 205-918-8456 or             text 205-908-2157

Click to see more client testimonies...

Alabama - January 2014
When I found Genesis Tax, I needed to have several years of tax returns filed.  Now I am compliant with the IRS and have a CNC arrangement with the IRS and my stress is gone!  Thanks Genesis Tax for helping me get my peace of mind back... I would recommend them to anyone needing tax help!

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