Episode 9: Currently Not Collectible, Pt. 2 (of 2)

When a taxpayer owes money to the IRS, there are collection  alternatives available.  In this two-part series, I will discuss the  collection alternative called Currently Not Collectible.  When a  taxpayer experiences a financial hardship, that individual may qualify  to have the account placed on hold until the debt expires.

In part 2, I speak about the second page of the collection information  statement short form, Form 433-F, and the pros and cons of Currently Not  Collectible status.