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When You Can’t Pay Your Tax Debt
In these bad economic times few of us have any extra cash laying around after we pay our monthly living expenses. The IRS doesn’t care about that, right? Wrong. If you can’t pay your debt and can prove it, the IRS will stop (at least temporarily) attempting to collect the debt from you. Non-Collectible Status…
Read Full Article Categorized in: Tax DebtsIRS Non-Collectible Status
When you owe money to the IRS and cannot pay it in full there are generally 3 non-bankruptcy options available to you: Make a settlement offer known as an Offer in Compromise; Request an installment payment plan; and Request that your account be placed in non-collectible status. Non-collectible status The IRS does not want to…
Read Full Article Categorized in: IRS Installment Agreements, Tax CollectionsWhat Happens When You Can’t Pay Your IRS Debt?
In these bad economic times few of us have any extra cash laying around after we pay our monthly living expenses. The IRS doesn’t care about that, right? Wrong. If you can’t pay your debt and can prove it, the IRS will stop (at least temporarily) attempting to collect the debt from you. Non-Collectible Status…
Read Full Article Categorized in: Back Taxes, Tax Collections
