Currently Not Collectible

  • CNC Status in lamest terms, is a tax deferment option to taxpayers that can prove financial hardship.
  • CNC Status can change if your financial situation changes.
  • CNC Status can change when the debt expires (debt expiration is a good thing).

Can Tax Service Masters Help you Seek CNC Status with the IRS?

Yes, it’s a service offered. Clients we represent, that wish to seek CNC will be given a financial disclosure form either in paper or online (client preference). Any documentation needed will be submitted to the IRS on your behalf and a decision will be made by the IRS.

CNC Questions?

Please enable JavaScript in your browser to complete this form.
Step 1 of 2

What Happens If I am Declined CNC Status?

There are other viable options besides CNC offered to our clients seeking tax resolution. An Installment Agreement or Offer In Compromise are alternate tax resolution services we offer.

Currently Not Collectible Overview

Every year, millions of taxpayers receive returns, the other millions file a return and owe taxes to the IRS. Here’s a ballpark breakdown: Roughly 30 million taxpayers owe taxes verse receiving returns, of those 30 million about 5 million taxpayers can’t pay what’s owed that year. Of that 5 million, 3 million setup what’s called an IA (Installment Agreement) – but what about the other 2 million? The other 2 million (give or take) will seek what the IRS refer to as: Currently not collectible status (CNC). CNC status allows taxpayers in financial hardship to put-off paying their tax bill until / or if their situation improves, or until the tax debt expires.

When Does Tax Debt Expire?

The statute of limitations states 10 years from the time the tax debt was filed. For example, If the IRS Claims you owe $18,000 for the tax year 2013, and you filed on time in 2014 then your tax debt would expire 2024. If you filed late for 2013.. say 2015 then your tax debt for 2013 would expire 2025.

Why Does Tax Debt Expiration Matter?

Tax debt expiration frees you of needing to extend CNC Status, and frees you of a debt that you cannot afford to pay.

A Few Ways to Avoid Needing CNC Status in the 1st Place

Filing on time is a big deal. Did you know the IRS can file on your behalf if you don’t? Also, filing before the crooks beats them to your return (if you’re owed a refund on you return). Lastly, sometimes tax software for the masses works great.. like intuit, and HR block. However, the more you start earning and evolving financially the more you may need professional tax representation.

Tax Service Reviews

  • I would definitely recommend this company to my family and friends very fast and accurate services

    James Hinton Avatar James Hinton
    December 1, 2021

    Thanks Iryna. You are the best

    anastasia asipchuk Avatar anastasia asipchuk
    December 1, 2022
  • Friendly and fast. I received my return before my girlfriend got hers, and she filed online before i did... Thanks Tax Service Masters!

    E Rock Avatar E Rock
    March 1, 2023

    Outstanding Service! Irnya is the best! I will definitely use them again!

    Filvis Avatar Filvis
    December 1, 2022
  • Professional knowledgeable top grade company. Strongly recommend them.

    Liliy Kit Avatar Liliy Kit
    December 1, 2021

    I have hired @tax service masters to open a U.S. based company and a bank account for me. All was done remotely (I didn’t have to even come into the... More Tax Reviews

    Marianna Rack Avatar Marianna Rack
    October 1, 2023
  • Service was amazing fast and easy, For sure I’m coming back next year.

    Ivri Depaz Avatar Ivri Depaz
    December 1, 2021

    Iryna and Joseph are super professional, and their rate very affordable. I am so glad I found them. My situation is complex and they helped me a lot, I would... More Tax Reviews

    TakeaBreath Club Avatar TakeaBreath Club
    July 1, 2023
  • Thank you very much Iryna . You are a professional. My recommendations

    Aliona Taranenka Avatar Aliona Taranenka
    December 1, 2022

    If you are looking for a professional CPA to prepare your taxes, I highly recommend Tax Service Masters.

    ZT Gallery Contemporary Art Avatar ZT Gallery Contemporary Art
    December 1, 2021
  • This was my first time coming to this place. Never heard of them before, but I was very impressed. Joseph and Iryna were very knowledgeable, respectful, and professional. This is... More Tax Reviews

    J E Avatar J E
    March 1, 2023

    Не каждый день в жизни встречаешь компетентных, профессиональных и отзывчивых людей. Ирина — одна из них. Большое спасибо за ваш совет!!! Я ваш клиент!!! It's not every day in your... More Tax Reviews

    Igor Blintsov Avatar Igor Blintsov
    August 1, 2023
  • Tax Service Masters by far exceeds any expectations and good experiences I have ever had with personal and business taxes. The minute I walked in, I was amazed by the... More Tax Reviews

    media thumbnail 0
    Michael Lara Avatar Michael Lara
    December 1, 2022

    Iryna has helped me and my friends to solve difficulties with taxes promptly and professionally. Highly recommend!

    julia brensel Avatar julia brensel
    December 1, 2021
  • I highly recommend Irina for tax income services, she is very good!

    Marina Roublenko Avatar Marina Roublenko
    December 1, 2022

    Service was super fast and very professional. I would highly recommend Iryna for your accounting needs.

    Alex Mak Avatar Alex Mak
    December 1, 2021
  • Unlike other accountant, Iryna will never give up fighting for your tax case no matter what the issue was until it gets solved! Thanks Vera for recommending her. I highly... More Tax Reviews

    Hatem Avatar Hatem
    December 1, 2021

    Nice to work with!

    David Chambers Avatar David Chambers
    November 3, 2023
  • We know Irina around 3 years. She is professional and good person) We like her service in accounting and tax documentation.

    Нина Худабердиева Avatar Нина Худабердиева
    December 1, 2021

    Very professional! Recommend.

    Michael Halprin Avatar Michael Halprin
    November 1, 2023
Tax Resolution Company

Tax Service Masters assists individuals and businesses dealing with tax discrepancies, tax balances, and tax problems of any kind at both the Federal and State level.

Enrolled Agent

Our licensed tax professionals serve residents in all 50 U.S. States as well as foreign residents and nonresident aliens with delinquent taxes, tax penalties, tax liens, bank levies, wage garnishments, payroll taxes, back taxes, tax amendments and more.