One of the ways to get out of paying off your tax debt is to be declared “currently not collectible” with or without a tax attorney. The IRS can declare you as being “currently not collectible” after they review evidence that you have no ability to pay the taxes you owe. As soon as the IRS determines that you cannot afford to pay any of your tax debt due to economic hardship and declares you currently not collectible, they must stop all collection activities, including levies and garnishments.

While you are in the “currently not 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 Federal Tax Professionals, we have an excellent track record in resolving collection activity. We can negotiate with the IRS for you to have them agree to stop their collection actions. You will not be required to send them any money until  you can afford it. Federal Tax Professionals will successfully stop the IRS from sending you those nasty collection letters, and you won’t have to worry about the IRS taking your salary, bank account, car or your home.

This client came to Federal Tax Professionals with wage garnishments and bank levies. He had failed to file individual and business tax returns for four previous tax years. After Federal Tax Professionals prepared his returns, the client owed the IRS approximately $50,000. When he notified us that he had mailed the returns, Federal Tax Professionals contacted the IRS and had the client’s debt declared “currently not collectible.”

This client came to Federal Tax Professionals with unfiled taxes going back to 1996. Federal Tax Professionals 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.

This client came to Federal Tax Professionals with unfiled taxes going back to 1996. Federal Tax Professionals 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.