A taxpayer may qualify for Currently Not-Collectible (CNC) status when the IRS or State Taxing Agency recognizes you cannot pay the taxes due at this time. It is a temporary delay in collection until your financial condition improves. The taxpayer may be required to fill out a financial information statement to prove financial hardship. A tax lien may be filed during this time and penalties and interest will continue to grow. However, no bank levies or wage garnishments will be issued during this temporary delay.
Currently Not-Collectible (CNC)admin