If You are Experiencing a Financial Hardship, You May Qualify to Delay Paying Your Tax Debt
When you owe back taxes and are experiencing a financial hardship that makes you unable to pay your tax liability, you may qualify for Currently Not Collectible status. When you are placed in this status, the IRS will temporarily suspend its collection efforts until it determines you have the income to pay your tax liability. At that time your status will change back to collectible status. Kresch Tax Resolution Services can help you determine whether you qualify for this status and whether it is the best choice for you.