Written by Scott Allen

What is an IRS currently not collectible status and can Tax Debt Advisors help?

Chandler AZ Currently Not Collectible Status

Believe it or not many Chandler AZ taxpayers qualify for currently not collectible status. This means that the taxpayer is not required to make a payment on their tax debt. This is true no matter how much you owe. Before the IRS will grant this status, your financials must show that your income and allowable expenses are essentially equal. The IRS does not like to put someone into this status unless they really qualify. That is why having a Chandler AZ IRS tax professional like Scott Allen E.A. of Tax Debt Advisors represent you.

That is the good news. The bad news is that interest and penalties continue to accrue on the tax liability. So you have to have an exit strategy that works for you. The statute of limitation is 10 years. That is a long time to wait for the liability to go away. However for many clients that works fine. The IRS will also file a tax lien which attaches to any assets you own or purchase in the future. Call Tax Debt Advisors at 480-926-9300 to schedule a free initial consultation.