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Currently Not Collectible

Babbitt Tax Law > Currently Not Collectible

What Is The Fresh Start Initiative?

The IRS Fresh Start Program encompasses all of the options discussed in our previous article, "Can The IRS Debt Forgiveness Plan Help Me", but with a few notable differences such as having a federal tax lien withdrawn from you provided you are seeking relief under this program just to name a few. Much like the IRS Debt Forgiveness Plan, The Fresh Start tax program is designed to be available to everyone. With so many different options, it's likely that you'll find one that's right for you. However, the complexity of the program means that you'll need to work with a tax...

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Out of Work Due to Covid and Owe Tax Debt?

Out of Work Due to Covid and Owe Tax Debt?

If you are out of work due to covid or other illnesses and bringing in no income and you owe the IRS money you want to let them know as soon as possible by filing as debt currently uncollectible. This should be done through a tax attorney to ensure it is done properly. It is very easy to let finances slip as unimportant when you are sick. The truth is that the IRS collection machine stops for no one unless they are made to. If you have collection notices coming to you already it needs to be dealt with so that...

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Do You Have Currently Not Collectible Tax Debt in Naples or Fort Myers, Florida?

Currently not collectible tax debt fort myers naples bonita springs babbitt tax law

If you have found yourself in the situation where you are unable to pay back your tax debt it can be beneficial to work with a tax attorney to get the IRS to place your account in a CNC status (Currently Not Collectible). Ignoring the debt and the resulting problems will only snowball. It is best for you to take care of it as soon as you know you will be unable to provide payment. Your Naples tax attorney from Babbitt Tax Attorneys work with you to determine your eligibility for a CNC status. After an evaluation of your financial situation is...

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