Currently not collectible status. Tax attorney, tax settlement, tax relief.
The IRS places certain delinquent tax cases in a “currently-not-collectable” (“CNC”) status, after its agents have determined that there is no ability to collect the taxes from the delinquent taxpayer. The typical scenario is as follows. A taxpayer falls behind in filing tax returns, paying taxes, or both. There is an IRS statute of limitations on collecting taxes. The IRS is limited to 10 years to collect back taxes, after that, they are barred by law from continuing collect