Uncollectible Status

In some situations, it is possible for the IRS to stop collections and put your debt on hold. You need to be current with all tax payments and compliant with all filings, but temporarily unable to pay a back-tax liability. In such as situation, the IRS may classify the debt as uncollectible.

The IRS essentially puts you in the filing cabinet but will check in from time to time. The debt remains – as do penalties and interest, which keep growing – but the IRS agrees to refrain from collection activities for a set period of time.

Other information that you may be interested in

To resolve your tax problems, please contact Larson Financial today.

The information provided on this website is for general guidance and to offer the user general information on particular subjects of interest. It is not intended to constitute legal, accounting, tax or other professional advice or services. To the extent that this site concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.
Larson Financial, Inc. copyright © 2010 all rights reserved. Larson Financial

Confidential
Tax Issue
Analysis Form

Name:

Taxing Authority Owed:

Approximate amount owed:

Phone:

Email:

Best time to reach:

Tell Us More:

Privacy Statement
We respect your privacy. Under no circumstances will we share or sell your personal or business information with anyone for any reason.