Fort Lauderdale Currently Not Collectible Status Attorney
No one wants to pay taxes but for some, doing so would cause them real financial trouble and place an undue burden on them. If you cannot pay the taxes you owe to the Internal Revenue Service (IRS), you may qualify for Currently Not Collectible (CNC) status. CNC status is not always available, and it does not mean that you are permanently forgiven for paying those taxes. Below, our Fort Lauderdale Currently Not Collectible status attorney explains what you need to know about this form of relief.
What is Currently Not Collectible Status?
If you are granted CNC status, you will be protected from certain types of legal action, such as bank levies, wage garnishments, and seizure of your property in order to pay your taxes. However, while you are considered to be in CNC status, you may still incur late fees and other penalties, and you will have to pay the debt at some point. Under the IRS Code, a person may be eligible for CNC status if:
- Paying their taxes would be a hardship for the taxpayer and would make it extremely difficult for them to pay their daily living expenses,
- A person passes away and the taxes cannot be collected from the estate,
- The taxpayer, nor their assets, can be located, or
- It is not possible to contact the taxpayer, even though their location is known
The above are just a few situations in which someone can obtain CNC status. The IRS Code outlines other scenarios in which someone may be eligible for this type of protection.
How to Apply for CNC Status
CNC status holds many benefits for those who are able to obtain it. It can shield you from legal action you may otherwise face if you cannot pay your taxes. A tax attorney can help you navigate the process of applying for CNC status. One of the main aspects of applying for this status requires you to prove that you do not have any assets that could be used to cover the tax debt.
There is a lot of paperwork involved in the application process and a lawyer can also help ensure it is filled out and submitted properly. A lawyer can also explain the other information you will need to include in your application. This includes proof of all of your daily expenses, including transportation and healthcare, a copy of your tax return, and more. A lawyer will know what you need for your specific situation.
Call Our Currently Not Collectible Status Attorney in Fort Lauderdale
Taxes are something many people struggle to understand, and there are many different components to know about. If you are having problems paying your taxes, it is important you get the sound legal advice you need. At Ronald Cutler, P.A., our Fort Lauderdale Currently Not Collectible status attorney can help you through the process and give you the best chance of obtaining the tax protection you need. Call us now at 386-490-9949 or contact us online to schedule a free consultation and to learn more about the solutions that can help.
