Los Angeles Tax attorney IRS Tax Settlements 310-494-0100

Los Angeles Tax Attorneys to assist clients in IRS Settlement applications
https://losangeles-tax-attorneys.com/irs-currently-not-collectible/
Los Angeles, CA- Individuals who owe taxes to the Internal Revenue Service but are unable to afford a monthly payment plan due to their current financial situations may be eligible for the ‘Currently Not Collectible’ (CNC) status, also known as ‘hardship’.
This clause means that while your account is in the CNC status, the IRS will not usually take any collection action such as placing levies on your assets and income. It is important to note that your account will still accumulate interest and penalties; your tax refunds may also be applied to your debt.
The individuals qualifying for this status may be required to file any delinquent returns, and financial information- including income and expenses- might also be requested.
“Determining your eligibility for the ‘Currently Not Collectible’ status is complicated and requires a good understanding of IRS procedures, guidelines and regulations,” says Dawn Delia, Founding Partner at Delia Law. “It is critical to consult with an experienced tax relief attorney to negotiate on your behalf.” Once an account is placed in CNC status, the IRS may conduct annual income reviews to determine whether individuals still qualify. The IRS may also attempt to collect taxes 10 years after the placement of an account in CNC.
https://losangeles-tax-attorneys.com/feed/

Views: 2

Comment

You need to be a member of how i do it to add comments!

Join how i do it

Blog Posts

Real Madrid vs Manchester United Live

Posted by lalonbd on July 23, 2017 at 9:49pm 0 Comments

Hello and welcome to our live, minute-by-minute coverage of the 2017 International Champions Cup match between Real Madrid and Manchester United at Levi’s Stadium, San Francisco. Kick-off is at 23:05 CEST on Sunday 23 July and we’ll be building up to the game throughout the day.…

Continue

Locksmiths and Their Training

Posted by ftlauderdalefllo on July 23, 2017 at 9:39pm 0 Comments

You can't simply think it is possible to certainly do work that is locksmith without training or any experience. It requires a combination of both. Locksmith's duties and responsibilities evolve all the time by the occasions of designing solid and heavy duty locks and merely cutting on alloy. A 24 hour locksmith fort lauderdale may reach qualifications through experience on the job with someone they know…

Continue

Videos

  • Add Videos
  • View All

© 2017   Created by K. Beau K..   Powered by

Badges  |  Report an Issue  |  Terms of Service