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IRS Currently Not-Collectible Status

A fishing apparel business owner in Morris, IL hired Timberline for overall account protection from enforced collection action and assistance with a resolution on the liabilities owed on both his business and personal accounts. The Associate pursued lengthy and complex negotiations with the Revenue Officer assigned to the business account. The personal account also received a full analysis and evaluation in order to resolve the individual tax liability of $78,662.48. While awaiting resolution on the business account, the Associate focused on the personal account and was able to negotiate that account into a Currently Not Collectible status due to lack of funds within a one-month time frame.

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