Navigating CNC: Your Path to Financial Relief
If you're facing overwhelming tax debt and are unable to pay, the IRS may grant you Currently Non-Collectible (CNC) status. This can temporarily halt collection efforts and give you time to improve your financial situation.
At Eddie Money Tax Resolution, we understand the complexities of CNC status and can help you navigate this process.
Here's How We Can Help
Determine your Eligibility
We'll review your income, expenses, and assets to determine if you meet the IRS's criteria for CNC status.
Prepare the Necessary Documentation
We'll gather the required documentation to support your application, including income statements, expense reports, and asset valuations.
File the application
We'll prepare and file your CNC application with the IRS on your behalf.
Monitor your case
We'll keep you informed of the status of your application and advocate for a timely decision.
What CNC Status Means
The IRS will stop immediate collection efforts
This can include things like wage garnishments, bank levies, and property seizures.
You'll have time to improve your financial situation
This can include increasing your income, reducing your expenses, or selling assets to generate funds.
The IRS will still assess penalties and interest
However, these won't be collected until your financial situation improves.
What You Need to Do
Contact us immediately.
The sooner you reach out, the sooner we can start working on a solution.
Provide us with all relevant information.
This includes your income, expenses, assets, tax debt details, and any recent IRS correspondence.
Sign a Power of Attorney.
This authorizes us to act on your behalf with the IRS
Don't let tax debt cripple your financial well-being. Contact us today to discuss your options and see if CNC status is right for you.
