Currently Not Collectible (CNC)
Tax Resolution Services in San Jose, CA
The Currently Not Collectible status is the same process as the installment agreement. Financial documentation is provided to the IRS for financial review. If the review shows that the taxpayer has zero ability to pay, the Taxpayer is placed on hardship. The hardship removes the Taxpayer from the aggressively active IRS collection list meaning that the Taxpayer has nothing to worry about with levies and garnishments. The hardship requires the Taxpayer to be compliant and file all required tax returns and report changes in income. If there is a change in income, the IRS request to be notified which will subsequently require another financial review.