UNCOLLECTIBLE STATUS AND OFFER IN COMPROMISE

UNCOLLECTIBLE STATUS

There are times where you agree you owe the IRS, but you can’t pay due to your current financial situation. If the IRS agrees you can’t both pay your taxes and your reasonable living expenses, it may place your account in Uncollectible or Currently Not Collectible (CNC) status.

While your account is in CNC status, the IRS generally won’t try to collect from you.

There are things you must do in order for the IRS to consider you for CNC Status.  At Flash Tech Tax, we can help you get your affairs in order and help you correspond with the IRS to determine if you qualify for CNC.

If you are interested in this service, please click the link below.

OFFER IN COMPROMISE

Flash Tech Tax can help you negotiate an Offer In Compromise with the IRS.

An Offer in Compromise (OIC) allows taxpayers to settle their tax debt with the IRS for less than the full amount owed. If you can’t pay your full tax liability, or if doing so would create an undue financial hardship, this tax relief solution may be a legitimate option.

The IRS may consider you eligible for an Offer in Compromise based on three factors:

  • Creation of undue Financial hardship.
  • Doubt as to Collect
  • Doubt as to Liability

A tax expert from Flash Tech Tax can advise you on whether you qualify for an offer in compromise, and, if so, help determine the amount the IRS would most likely accept to settle your debt.

NEGOTIATING AN OFFER IN COMPROMISE

Negotiating with the IRS on your own can be difficult. Without guidance from an experienced tax professional, you may end up paying more than you would have, or your OIC request may be denied. The IRS doesn’t make it easy to secure an Offer in Compromise, but experienced tax professionals can improve your chances of approval

OUR SERVICES

Stop Wage Garnishments & Bank Levies

Flash Tech Tax can assist in getting the IRS to release a Wage Garnishment or Bank Levies.

Set Up Affordable Payment Plans

Flash Tech Tax can guide you through getting on an IRS Payment Plan and paying off your tax debt in manageable monthly payments.

Stop Wage Garnishments & Bank Levies

Flash Tech Tax can assist in getting the IRS to release a Wage Garnishment or Bank Levies.

TYPES OF TAX DEBT CASES WE HANDLE

  • Wage garnishment
  • Tax levies
  • Interest & Penalty abatement
  • Innocent/injured spouse relief
  • Tax liens
  • Delinquent Tax Returns
  • Installment agreements

 An Offer in Compromise can be a great tax resolution option, but it’s not right for every situation. If our tax experts don’t believe an OIC is an appropriate solution, we will help you examine all available tax relief programs to find the right fit for your needs. We’ve helped thousands of taxpayers settle hundreds of millions of dollars in tax debt – we can do the same for you.

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