However, penalties and interest continue to accrue. In addition, the IRS will keep any tax refunds you might otherwise be entitled to in future years and will apply them to the outstanding balance. While CNC is not for every situation, there are circumstances where CNC may be the best option.
You may be eligible for CNC if:
Your income covers no more than your necessary living expenses
You have no assets worth levying
Contact us to help you evaluate whether you are a good candidate for Currently Not Collectible Status.