Does IRS forgive tax debt after 10 years
Currently non-collectible status, unlike the other Fresh Start tax programs, is a status rather than a type of Fresh Start tax relief. If the taxpayer cannot pay their taxes, the IRS has the right to put them in Currently Noncollectible status. Although this status does nothing to remove tax debt, it does end any collection activities. These activities include wage garnishments and bank levies as well as tax liens. Taxpayers can find Fresh Start tax relief with Currently Not-Collectible Status in peace. The IRS will not pursue them. The IRS Fresh Start Program qualification requirements are required to qualify for Currently Collectible Status. These qualifications are discussed below. It is highly recommended that you speak with a tax professional before applying for this status from the IRS. If you attempt to apply for the IRS Fresh Start Initiative Program yourself, the IRS may try to negotiate terms that are more favorable to you. After your Currently Not-Collectible Status expires, the IRS can begin collecting payments again. This will mean that the IRS will continue sending letters and phone calls warning of penalties. A tax relief company will help you remain in Currently Non Collectible Status for as long as possible and can also help you to develop a strategy to leave Non Collectible Status.
To request assistance, please fill out a Fresh Start Request for Assistance form. You may return the form through email, fax, mail, or drop off at the address below.
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