CNC is a hardship program offered to the IRS to taxpayers that cannot afford to make payments on the debt, effectively removing the balances from active collections. In other words, they stop trying to collect from you through traditional aggressive collection actions. Typically, the CNC program is easier to qualify for than the OIC, or Offer in Compromise, and the results can be just as effective without having to submit substantial documentation to the IRS, as is required with the OIC program.
If you receive a notice from the IRS, the bank, your employer or vendor, regarding a bank levy or wage garnishment or confiscation of receivables, you must act fast. Many times we can prevent the aggressive collection action before funds are intercepted. If the levy or garnishment is active we will act with urgent haste to release the encumbrance as soon as legally possible using every effective method available.
When you cannot pay your tax debt in full, the IRS may accept monthly installment payments to gradually pay your debt. Our single goal is to keep you lien free while qualifying you for the lowest possible monthly payment. Many taxpayers make the mistake of trying to negotiate a payment plan on their own. Don’t do it. In many cases we can obtain a PPIA, or Partial Pay Installment Agreement, or other types of payment plans much lower than an individual taxpayer can finalize on their own.
Also in some cases, to obtain the best results, we prefer the IRS know as little about your financial situation as legally possible. Being able to recognize tax cases where it benefits our clients Greenlaw Tax Group will negotiate a favorable Installment Agreement without disclosing any financial information whatsoever. Allow our firm to discuss your best options both short and long term.