Tax Resolution Services – Currently Not Collectible Resolution Outcomes

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Tax Resolution Services

Need tax resolution services such as currently not collectible status?

When people think of debt, it is often attributed to spending more than one has.  Tax debt, however, can accumulate for different reasons.  An individual might miss payments because of financial hardship or illness and then find they owe back taxes to the IRS plus interest and penalties.  When a situation like this arises, it is common that a taxpayer may be unable to repay the debt they’ve accrued.  Having fallen on hard times, there may just be no money available to settle the balance.

This occasion is one of the most important times to find someone to represent you to the IRS.  At Community Tax, our tax debt specialists have successfully negotiated to help clients get relief under the Currently Not Collectible program.  This settlement option, reserved for those who cannot afford to pay any of their tax balance, is difficult to attain because of some strict rules that must be followed.

All tax debt has an expiration date.  If a taxpayer is accepted into the CNC program, they are considered relieved of their obligation to the IRS.  If they maintain this status through the last expiration date of their tax balance, they will not have to pay it.  An individual can maintain their CNC status by proving that they are in financial hardship.  This means that the amount of income received in a given year is less than their total expenses.

Since last week, over 20 clients have entered into Currently Non Collectible Status.  The table below contains the information about their cases.  You’ll see which Agency approved their resolutions, the balanced they owed and the names of the team members that secured their settlements.  Their last names have been taken out of the table for privacy reasons.

Agency

 Tax Balance

Client Name

Tax Practitioner

Case Processor

Federal

40,143.00

Tommy

Jillian Sharpe

Daniel Verastegui

Federal

1,918.40

Sadrack

Robert Kitson

Karla Ortiz

Federal

8,370.00

Bonnie

Daniel Kattan

Karla Ortiz

Federal

7,994.00

Zebatric

Jeremy Brunner

Karla Ortiz

Federal

119,524.00

Jorge

Jeremy Brunner

Robert Kitson

State of New York

87,515.75

Ralph

Kelly McGrath

Daniel Verastegui

Federal &
State of Connecticut

26,939.00

Erik

Kelly McGrath

Karla Ortiz

Federal

32,976.00

Sonny

Daniel Kattan

Mark Anderson

Federal

9,504.46

Emilio

Kelly McGrath

Karla Ortiz

Federal

24,683.97

Carol

Marek Grabowski

Karla Ortiz

Federal

17,446.73

Ismael

Daniel Kattan

Mark Anderson

Federal & State of Georgia

145,622.60

Joshua

Daniel Kattan

Khoa Lam

Federal

30,889.47

Francisco

Irina Cedano

Karla Ortiz

Federal

14,697.00

Doris

Jeremy Brunner

Daniel Verastegui

Federal

11,560.00

Larry

Jillian Sharpe

Mark Anderson

Federal & State of Iowa

36,051.67

Russell

Jennifer Schaffer

Daniel Verastegui

Federal

5,454.35

Rita

Kelly McGrath

Daniel Verastegui

Federal

13,014.00

Mark

Kelly McGrath

Mark Anderson

Federal

7,604.00

Michael

Marek Grabowski

Daniel Verastegui

Federal

15,053.07

Kenyatta

Robert Kitson

Karla Ortiz

Federal

21,099.50

Brenda

Robert Kitson

Mark Anderson

Federal

43,407.00

David

Robert Kitson

Karla Ortiz

Total

$721,467.97

 

As previously stated, a Currently Not Collectible status has to be maintained.  Many times in life, we can experience financial changes that improve our situations.  A new job or a promotion, for example, can result in a shift in finances that removes a taxpayer from financial hardship.  If this happens before the expiration debt on an individual’s tax balance, the Agency responsible can once again charge for the unpaid back taxes.  For this reason, taxpayers in CNC have to prove occasionally that they are still in financial hardship and are deserving of their CNC status.

Finances can be tricky for anyone to manage.  Tax debt is no exception.  Currently Not Collectible cases only work if they are processed correctly, approved and if the status is kept throughout the entire period in which it is necessary.  Community Tax’s negotiators and case processors work daily with their clients to ensure that their resolutions are successful and their tax debt is removed.  If you cannot afford the balance you owe the IRS or the state, call Community Tax today to get started working on your resolution.  Help is available, take advantage of it!

 

Community Tax assists people with many tax resolution services. Call today to find out how Community Tax can help you: (800) 444-0622