Currently Not Collectible CNC

If the IRS agrees that you can’t both pay your taxes and your reasonable living expenses, it may place your account in Currently Not Collectible (CNC) (hardship) status.

Can I Resolve Back Taxes By Qualifying For Currently Not Collectible Status?

Business Fails to Resolve Back Taxes | Federal Tax Lien | TaxFortress.com

Benjamin Franklin once said that nothing is certain in this life but death and taxes.  I’ll agree that none of us will cheat death.  But I may quibble with Mr. Franklin on the issue of whether or not you have to pay all of your taxes.  Under the right set […]

Top 5 Ways To Reduce An IRS Tax Liability

How to Reduce Your IRS Tax Liability | OIC | TaxFortress.com

So, something in life or business didn’t go according to plan, and now you’re faced with an IRS tax liability. While few people relish being a collection target of America’s most formidable creditor, there may be a silver lining. You may have options which could significantly reduce the amount that […]

Will the IRS Garnish My Wages?

IRS Garnishment | Will The IRS Garnish My Wages | IRS Levy

Question:  Will the IRS garnish my wages or Levy my wages? How can I avoid this? Answer: In order to answer this question effectively, some background and definitions with regards to IRS procedures are warranted.  A levy on wages is where the IRS effectively takes a portion of ones wages […]