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

  • Thanks Iryna. You are the best

    anastasia asipchuk Avatar anastasia asipchuk
    December 1, 2022

    Professional knowledgeable top grade company. Strongly recommend them.

    Liliy Kit Avatar Liliy Kit
    December 1, 2021
  • Very professional! Recommend.

    Michael Halprin Avatar Michael Halprin
    November 1, 2023

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

    Alex Mak Avatar Alex Mak
    December 1, 2021
  • Amazing experience! Everything went smoothly and Iryna was there to promptly answer any questions. She was very attentive and personable during my interactions. Certainly makes her the person I will... More Tax Reviews

    Gabriel Dantzler Avatar Gabriel Dantzler
    November 3, 2023

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

    Aliona Taranenka Avatar Aliona Taranenka
    December 1, 2022
  • 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

    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
  • 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

    Very easy to work with and professional.

    Matthew Schmidt Avatar Matthew Schmidt
    November 3, 2023
  • 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

    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
  • Great professional! Always does our taxes quick and very good. Definitely recommend to everyone!

    Vladok Americanets Avatar Vladok Americanets
    December 1, 2021

    Service was amazing fast and easy, For sure I’m coming back next year.

    Ivri Depaz Avatar Ivri Depaz
    December 1, 2021
  • 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

    Evita Yubane Avatar Evita Yubane
    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
  • Nice to work with!

    David Chambers Avatar David Chambers
    November 3, 2023

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

    Filvis Avatar Filvis
    December 1, 2022
  • 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

    Excellent service! Always works diligently and in the client’s best interests!

    J Brensel Avatar J Brensel
    November 3, 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.

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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.