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(703) 880-4881

FREE CONSULTATIONS

(703) 880-4881

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Currently Not Collectable: Protect Your Finances from IRS Collections

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When tax debt makes it impossible to afford basic living expenses, the IRS may classify your account as Currently Not Collectable (CNC). CNC halts all active IRS collection efforts, providing breathing room for taxpayers facing financial hardship. 

How CNC Works

CNC status temporarily stops all IRS collection actions, including wage garnishments, bank levies, and asset seizures. While your account is in CNC: 

  • You pay nothing: CNC acts as a zero-dollar payment plan.
  • Your debt remains: The IRS cannot collect, but penalties and interest continue to accrue.
  • The 10-year collection clock runs: The IRS only has a limited time to collect your debt, and that time continues to pass while you’re in CNC status.

This status is a long-term solution that means you do not have to worry about the IRS trying to collect from you directly. They will continue to offset your future tax refunds, if any, during the collection period. But there is no risk of garnished/levied bank accounts or wages.

Usually with CNC, the IRS allows the status for at least two years and may request new information if substantially more income is reported to the taxpayer’s social security number in the future. 

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At Ashley F. Morgan Law, PC, we’ve helped many clients navigate this process, thanks to our team’s extensive experience:
  • Arthur Rosatti has successfully negotiated with the IRS and state taxing authorities, helping clients protect their income and assets.
  • Ashley Morgan brings years of experience handling tax issues within bankruptcy cases, providing a unique perspective on how CNC fits into a broader debt relief strategy.

Why Choose Ashley F. Morgan Law, PC for CNC Assistance?

Our team offers:

  • A thorough review of your income, expenses, and assets to strengthen your CNC application.
  • Long-term strategies, such as transitioning to payment plans or Offers in Compromise, once CNC expires or your financial situation improves.
  • Honest, straightforward guidance on all available tax resolution and bankruptcy options.

We also thoroughly evaluate other tax resolution options, ensuring CNC is the right fit for your situation.

Arthur Rosatti and Ashley F Morgan are Leesburg Bankruptcy Attorneys. They help hundreds of Virginia residences with their debt issues every year.

Contact Us for a Fresh Financial Start

If you’re overwhelmed by tax debt, CNC status could be the solution you need. Contact Ashley F. Morgan Law, PC to discuss your options with experienced attorneys who will guide you every step of the way. 

GET YOUR FREE CONSULTATION