Currently Not Collectible Attorney in Garden City
Addressing Matters of CNC Status
If you owe the IRS money but cannot make the required payments while still paying for necessary living expenses – like rent, food, and utility bills – the IRS may grant you currently not collectible (CNC) status. This status is a form of protection for individuals who are struggling financially and cannot afford to pay the IRS back.
At Wynne Law, P.C., I strive to help clients understand their CNC status and take advantage of the protections it affords them. I know that you are in a tough spot – and I want to help you overcome this difficult situation with your dignity intact.
Contact me online or at (516) 246-2280 so that we can discuss your situation during a free consultation.
Benefits of Currently Not Collectible Status
For a lot of Americans, it can be nearly impossible to simultaneously pay back taxes and living expenses for themselves and their families. The IRS recognizes that you have basic needs that take precedence over tax debt. Obtaining currently not collectible status can provide some relief during a stressful and overwhelming situation.
If your account has been deemed currently not collectible:
- The IRS will not press you to try to collect money
- The IRS will not levy your funds
- You will continue to accrue interest and penalties on the full amount you owe
Currently not collectible status does not relieve you of your tax debt, but it can help ease the burden on your shoulders.
If you are wondering if you might be eligible for currently not collectible status in Garden City or the surrounding areas, reach out to me so that I can carefully assess your case. I can communicate with the IRS to explain your situation and seek the protection you deserve.
Call (516) 246-2280 to get started.