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IRS Currently Not-Collectible Status

A machine manufacturing business in California hired Timberline for overall account protection from enforced collection action and help with a resolution on the liabilities owed. The client came on for business and personal protection and help. While the Associate was in negotiations on the business account with the Revenue Officer for a few weeks. The personal account also had a full assessment and evaluation. While awaiting resolution on the business account through a Revenue Officer, the Associate focused on the personal account and was able to negotiate the account into a Currently Not Collectible status due to lack of funds on the personal account within a month of starting on this account. This allows the client to move forward on the personal account without fear of enforced collection action and it has the potential to save the client money due to letting the Collection Expiration Dates run out.

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