Currently Not Collectible

Currently Not Collectible (CNC): Basic Requirements

To be considered for Currently Not Collectible (CNC) status, the IRS generally looks for three things:

• Compliance: All required tax returns must be filed.
• Financial Disclosure: You’ll submit a Collection Information Statement showing income, expenses, debts, and assets.
• Ability to Pay: Your finances must show that paying the IRS right now would create a hardship, and that there aren’t available assets that could reasonably be used to resolve the balance.

Why Work With a Professional?

CNC is more than checking a box—it’s about presenting your situation clearly, accurately, and in a way the IRS will accept. Small errors or missing details can delay approval, trigger extra requests, or lead to a denial.

We help by:

• Handling the IRS for you: We communicate and negotiate directly with the IRS so you don’t have to.
• Requesting collection relief: When appropriate, we can request a pause in collection activity while your hardship case is being reviewed.
• Planning your next step: If your situation improves, we’ll help you transition into the right long-term solution—such as an Installment Agreement or an Offer in Compromise—so you stay protected.

You don’t have to face the IRS alone. Contact us today and let’s see if you qualify!