Do You Qualify For Non-Collectable Status?

If you agree that you owe the IRS money for taxes but lack the financial resources to make these payments, let BC Tax help. Since the creation of BC Tax in 2001, we have helped thousands of businesses and individuals successfully overcome their tax debts. Our expert team can assist with IRS, state and local tax debt relief and debt forgiveness regardless of where you file your taxes in the United States.

What Is Non-Collectible Status?

In simple terms, if you have non-collectible or currently not collectible status, the IRS has temporarily stopped trying to collect unpaid taxes from you. The IRS will only designate a taxpayer as being in non-collectible status if an individual can prove that they can no longer pay their tax debt. While non-collectible status does not eliminate or settle the debt you owe, it is an option for taxpayers who lack the funds to pay their debt and need some time to create a plan for their finances.

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What Are the Qualifications Needed for Non-Collectible Status?

To receive non-collectible status from the IRS, a taxpayer must prove that their monthly income is insufficient to pay monthly living expenses. In addition to documents verifying this fact, the IRS may ask you to provide additional information about your finances to prove you are undergoing financial hardship. After you receive non-collectible status from the IRS, all attempts to collect tax debt will cease, including withholding your wages.

At BC Tax, we can help determine if you have the qualifications for currently non-collectible status. Our team can help you by:

  • Preparing and filing all prior and present tax returns.
  • Analyzing factors such as your assets and income to determine if an alternative such as a partial payment program would be more beneficial.
  • Communicate directly with the IRS to temporarily pause their efforts to collect your tax debt.
  • Filing appeals as needed.

Alternatives to Pursue If You Do Not Qualify as Currently Not Collectible

There are many strategies available to help taxpayers with tax debt relief. If you do not qualify for currently non-collectible status, you may be eligible for options such as Offer in Compromise, filing bankruptcy, installment payment plans or a partial installment payment plan.

Taking Control of Your Tax Debt Relief

When it comes to debt relief, it’s vital to get professional help as early as possible. Ignoring the problem may only make it worse, as the IRS can collect your tax debt for 10 years after the date your unpaid taxes are due or the date the return was filed. During this period, you may face extreme collection methods such as additional interest fees, penalties and seizure of your property and wages.

How Can BC Tax Help With Receiving Currently Not Collectible Status?

The experts at BC Tax have many years of experience in IRS collection and tax controversy. Our practice has the knowledge, expertise and technical ability to produce outstanding results for all our clients. We are proud to provide tax services for clients at our headquarters in Colorado and across the United States. To learn more about our services or schedule your complimentary consultation today, speak to one of our tax experts by calling 800-548-4639 or completing our online contact form.

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Janet KleynJanet Kleyn
04:49 25 Oct 22
I have worked with Megan Bridge of BC Tax for more than 10 years. Megan has provided invaluable advice and counsel. She handled all representation... for us with the IRS and negotiated a very positive agreement. Megan always explained the options and gave her recommendation. Megan made a challenging situation much more
Alisa RomiAlisa Romi
15:14 21 Oct 22
BC Tax has the Midas touch with tax returns. Every detail was thoroughly reviewed with me and I got the biggest refund I’ve ever gotten in my life. I... felt very comfortable placing my trust in them and it paid off more
Enrik BogdaniEnrik Bogdani
15:01 21 Oct 22
What can I say other than they are a complete joy to work with. Communication is a big deal when dealing with such a serious overwhelming problem. BC... Tax was extremely helpful and very diligent with the whole process. They will explain everything A - Z and will actually take the time to make sure you understand whats going on. My team worked its tail off for me and Im very impressed with the more
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