Currently Not Collectible, or what is sometimes called hardship status, is a temporary solution to an IRS problem. Generally it is used when someone is having a difficult time economically, for instance when they have lost their job or had their hours cut back. It can also be used when a statute of limitations is close to expiring or in conjunction with a bankruptcy.
Currently Not Collectible is a status where the IRS agrees that the taxpayer has no ability to pay their debts on a monthly basis. Interest and penalties will continue to accrue against the debt. However, the statute of limitations will also continue to run as well which means that you will be closer to when the IRS can no longer collect the debt.
As a local Sarasota Tax Attorney concentrating in IRS Problem Resolution, I can help you decide if Hardship status is the right solution to your IRS tax debt problem. Please call the Law Office of Mary E King for your free consultation at 941.906.7585 or email Sarasota Tax attorney Mary King Esq. for your free IRS Tax help consultation.
Sarasota Florida IRS Tax Relief Attorney Mary E. King, works to help taxpayers' IRS Tax problems offering guidance for IRS Tax debt solutions including, offer in compromise, Installment agreements, Penalty abatement, Innocent spouse relief, currently not collectable status, bankruptcy and other methods to resolve your tax problems.
Sarasota Tax Attorney Mary E King has been personally meeting taxpayers with IRS tax problems in the Sarasota area and has the experience to help solve your IRS federal tax problem. Not sure if you need to contact Mary? review our IRS tax problem FAQs.
Attorney Mary E King is located minutes away from Bradenton Florida. Bradenton taxpayers with IRS problems can benefit from a personal meeting with experienced tax lawyer Mary E King, she has specialized in helping Bradenton and other Florida suncoast taxpayers resolve their IRS problems for tax relief.
It is essential for your Florida tax lawyer to be an expert on local Florida tax laws and regulations and how they may affect your federal tax problems. As a tax attorney in Florida helping Florida clients with IRS tax problems since 1993, attorney Mary E King Has the experience to help resolve your tax problems or answer any tax questions you may have.




