Published: | Last Updated: February 8, 2024
If You Owe the IRS, but Can’t Pay: Currently Not Collectible [VIDEO]
Maybe you owe the IRS money, but because of your current financial situation, you can’t pay it back. If the IRS agrees with you, they can place your account in Currently Not Collectible (CNC) status. If the IRS determines that there is no ability to collect taxes from a delinquent taxpayer, it may place certain cases in CNC status.