Currently Not Collectible

What can you do, if you cannot pay the IRS the amount you owe in full?

One of the ways to get out of your tax debt is to be declared "currently not collectible." The IRS can declare you as being currently not collectible after it reviews evidence that you have no ability to pay the tax you owe. As soon as the IRS determines that you cannot pay any of your tax debt due to an economic hardship and declares you currently not collectible, the IRS must immediately stop all collection activities including levies and garnishments.

While you are in the non-collectible status, the 10-year statute of limitation on tax debt collection continues to run. If the IRS cannot collect the tax you owe within the 10-year statutory period, then your tax debt will expire and you'll owe nothing to the IRS.

A taxpayer facing significant hardships or tax debt burdens should seek the advice of a tax professional specializing in resolving IRS tax debts.

At JG Tax Group, we have an excellent track record in resolving tax disputes.  We can negotiate with the IRS for you to have the IRS agree to stop their collection actions until you get back on your feet. You'll stop getting those nasty collection letters from the IRS, and you won't have to worry about the IRS taking your salary, bank account, car or even your home to pay the debt.

Success Story 1

This client came to JG TAX GROUP with garnishments and bank levy's .  The client had failed to file tax returns for both his business and personal for 10 years.  After the returns were finished the client owed the IRS approximately $190,000.  JG TAX GROUP prepared all tax returns (10 years business and personal) within 1 week.  JG TAX GROUP contacted the IRS, when we had the signed returns, and had the clients’ total debt declared CURRENTLY NOT COLLECTIBLE.

Client Testimonial

David, outstanding work, you have done for us everything you said you would and it all went as you predicted. I am absolutely thrilled at the outcome.

Everyone of your group that I have had contact with, especially Matt has been on top of this and has always been there for me when needed. I have had no direct contact with the IRS as you handled it all. Professional, helpful, friendly. The best of the best. In my line of work I deal primarily with high end professional clients giving me some insight as to dealing with pro’s. Your group made me feel at home. All Pro’s.

 

Success Story 2

This client came to JG TAX GROUP with unfiled taxes going back to 1996. JG TAX GROUP assessed the situation, contacted the IRS, and was able to get the client declared as CURRENTLY NOT COLLECTIBLE on their $287,360.00 tax debt.

Client Testimonial

Dear Gentlemen & Lady,

Your goal has been accomplished! I now feel as though I have my life back!  I JUST opened my CNC letter (see attached) and am sitting here with a BIG grin on my face, which may last for days…. :o)))

Although I know I'm not completely out of the woods yet, it sure is a good feeling to see, and feel some sunshine on my face regarding this matter. I would collectively like to extend to everyone involved a very grateful and heartfelt "THANK YOU" for a job well done.

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