Whether you’re wealthy or middle class, it’s possible you could hit hard financial times, including being temporarily unable to pay tax debt. In that situation, contact us or the IRS to discuss your options. One option may be to request a temporary delay of collection processes. If a detailed review of your financial status and assets supports your inability to pay at this time, the IRS may deem your account “currently not collectible.” That doesn’t erase the debt but may pause collection for a period. Penalties and interest will continue to accrue. The IRS will periodically review your situation, and a lien may still be filed to protect the government’s interest. Contact the Cg Team for help. © 2024