Currently Not Collectible Status Explained | How to Get In CNC Status

➡️ Request your FREE tax relief consultation at https://choicetaxrelief.com/free-tax-... Today I am talking about IRS currently not collectible status (CNC), also known as IRS non-collectible status or uncollectible status. If a client doesn't qualify for an offer in compromise — perhaps due to having too much equity in their home — a viable alternative may be placing them in currently not collectible status. And in some cases, placing a client in CNC status may actually yield a better result than securing an offer in compromise for them. It all really depends on the client's situation and how much they owe! ➡️ My Tax Relief Video Playlist:    • TOP ALL-TIME TAX RELIEF VIDEOS   Table of Contents: 0:00 The Power of the IRS to Collect Taxes 3:38 IRS Notice CP14 4:04 IRS Notice CP501 4:38 IRS Notice CP503 4:50 IRS Notice CP504 5:35 IRS Notice LT11 6:08 Notice of Federal Tax Lien (NFTL) 8:00 The IRS Wants What’s Theirs 8:36 What Is IRS Currently Not Collectible (CNC) Status? 10:44 Effect of CNC Status on Wage Garnishments 11:18 What Does the IRS Get Out of CNC Status? 12:04 Currently Not Collectible vs. Offer in Compromise 14:22 Running Out the IRS’s 10-Year Collection Statute With CNC Status 16:58 Don’t Be Afraid to Talk to the Manager! 17:50 Consider All Your Tax Relief Options 19:59 Passport Revocation and CNC Status 21:57 How to Get Into CNC Status 24:04 How to Show Hardship to the IRS to Qualify for CNC Status 26:50 Can You Still Qualify for CNC Status if You Have Home Equity? 27:56 Limited Exceptions When Form 433-A or Form 433-F Is Not Required 28:23 Why You Might Get Kicked Out of Currently Not Collectible Status 31:22 CNC Status In Summary #taxrelief #taxhelp #irs