Non-collectible Status
Hardworking Tax Lawyers in Idaho Give You Breathing Space with Non-collectible Status
Boise-based lawyers who look out for your financial well-being
If you face a significant debt to the IRS, you should know that some options exist within the law that could ease your financial burden and give you the chance to recover. One such option is applying for non-collectible status. At Martelle & Associates, P.A., we have extensive experience dealing with the IRS on difficult cases. Helping clients from Idaho Falls, Pocatello, North Idaho, Twin Falls and all of Idaho obtain non-collectible status, we go the extra mile to vigorously defend your livelihood.
What you need to know about non-collectible status
The IRS uses two phrases for describing the status of past-due taxes that are deemed not collectible: “non-collectible status” and “currently not collectible.” If you manage to gain official entry into this category, the IRS will defer their attempts to collect your debt. You will not have to make payments until your financial situation changes. This simple strategy can buy you time until you resolve your tax liability issues.
Once the IRS files a Notice of Intent to Levy or takes any other steps to collect money from you, you may be in jeopardy of wage garnishment and seizure of your bank accounts and assets. You need to take immediate action to stop this from happening.
How our Boise tax attorneys can improve your financial situation
Our Idaho tax attorneys may able to assist you in obtaining non-collectible status with the IRS, granting you some much-needed breathing room. However, unlike an Offer in Compromise, the IRS is not going to entirely write off those back taxes. If your case is designated non-collectible, you don’t have to pay past-due taxes, interest or penalties until your finances improve to the extent that you can make payments. This gives you the time you need to get yourself in a stronger financial position so you can make arrangements to pay the taxes or work out some other form of resolution, such as an Offer in Compromise. If you are not eligible for non-collectible status, our experienced lawyers can discuss alternative strategies, such as a levy release or Offer in Compromise, to improve your situation.
Martelle & Associates, P.A. has successfully represented many clients in Boise, Idaho and the surrounding communities with past-due taxes who sought non-collectible status. You might qualify for this special program if you do not have enough income to pay off your debts and need your entire paycheck to cover essential living expenses.
Reach out to a respected Boise tax attorney for a chance to recover
To create the time and space to regain financial viability, call Martelle & Associates, P.A. at 208-938-8500 for a no-obligation consultation. Our knowledgeable attorneys can give you an honest assessment of whether you qualify for non-collectible status, and if not, we can devise another strategy to manage your liability. We serve clients throughout the state of Idaho, including Boise, Eagle, Idaho Falls, Pocatello, North Idaho, Twin Falls, Meridian, Nampa and Caldwell, as well as Malheur County, Oregon.