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?

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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 highly recommend Irina for tax income services, she is very good!

    Marina Roublenko Avatar Marina Roublenko
    December 1, 2022

    Iryna is just amazing! Not only is she incredibly personable but very knowledge and overall easy to work with. I have only ever had good experiences and have greatly appreciated... More Tax Reviews

    Bella scramoncin Avatar Bella scramoncin
    November 3, 2023
  • Thanks Iryna. You are the best

    anastasia asipchuk Avatar anastasia asipchuk
    December 1, 2022

    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
  • Very knowledgeable, professional and quick

    Anjelika Hrubar Avatar Anjelika Hrubar
    December 1, 2021

    My accountant of many years really put me in a bind, she had me three years behind on my taxes. I found the Tax Service Masters, not only was Mr.... More Tax Reviews

    Josh Spoto Avatar Josh Spoto
    December 1, 2021
  • This year we were forced to change the old accountant. Came here on a recommendation and we were pleased. Professionally, fast, easy, fair price, understandable. Definitely recommended.

    Eugene Pustovalov Avatar Eugene Pustovalov
    March 1, 2023

    Very professional! Recommend.

    Michael Halprin Avatar Michael Halprin
    November 1, 2023
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    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
  • Fast and reliable

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    December 1, 2021

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

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    December 1, 2021

    Excellent customer service, helpful tips and advice!! Will use them again for sure!

    Cynthia Perera Avatar Cynthia Perera
    December 1, 2022
  • Great professional! Always does our taxes quick and very good. Definitely recommend to everyone!

    Vladok Americanets Avatar Vladok Americanets
    December 1, 2021

    Thank you very much Iryna . You are a professional. My recommendations

    Aliona Taranenka Avatar Aliona Taranenka
    December 1, 2022
  • 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

    Работать с отличным профессионалом это большая удача. Ирина все выполняет качественно, внимательно и ответственно. Она готовит мои налоговые декларации на протяжении многих лет, она решала вопросы и для бизнеса, и... More Tax Reviews

    Tatiana Bertram Avatar Tatiana Bertram
    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

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    March 1, 2023

    This is the best company you can ask to do your taxes and any related challenges your facing with IRS ...very dependable honest and no sugar coating most importantly a... More Tax Reviews

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    December 1, 2022
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.

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