Currently Not Collectible

Let’s be honest with the fact that life sometimes just gets in the way. For taxpayers who have no income, no job, and no assets, the currently not collectible pathway may be a resolution option for you. While placed in currently not collectible status, the IRS cannot enforce any collection actions and no payments must be made by the taxpayer despite any accrual of penalties and interest. Best of all, the tax debt is forgiven after 10 years.