I am in IRS Not Collectible Status, will it resolve my tax debt?

No, IRS Not Collectible Status (NCS) does not resolve the liability – by itself. Some explanation: IRS Currently Not Collectible Status There are several ways to deal with IRS debt.  The most common are the Offer in Compromise, Bankruptcy, Payment Plans of various types, and Read More …

Can my small Business negotiate a “Streamlined Agreement” with the IRS?

An IRS “Streamlined Agreement” is really just a negotiated payment plan that allows a person or business to pay the debt back in full with interest over a certain period of time. The reason this payment plan is considered a “Streamlined” plan is because if Read More …

Does an IRS installment plan extend the 10 year collection statute?

An IRS Installment Plan doesn’t extend the IRS Statute of Limitations period for the collection of debt. The IRS has 10 years to collect a tax debt.  The 10 year period begins on the date the tax balance is “assessed”. The tax is usually assessed Read More …

If the IRS is willing to set up a payment plan with me, why should I consult with an Arizona Tax Attorney?

The IRS’ purpose outside of playing favorites, is to collect money.  The IRS is really good at this and would be even better if there weren’t some doggone rules that restrain it. Whenever you speak to an IRS Revenue Officer or someone from IRS Collections, Read More …