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IRS Currently Not-Collectible Status – Dallas, Texas

A taxpayer residing in Dallas, Texas hired Timberline Tax Group for overall account representation and resolution of tax liability. Upon review of the account, the Associate found that the taxpayer had recently defaulted an existing Installment Agreement due to a new liability. The Associate worked with the taxpayer to complete a financial statement and, after full analysis, it was determined that it was not in the best interest of the taxpayer to continue making payments to the IRS. The Associate was able to prove that there was no collection potential and was successful in having the account placed into a Status 53, Currently Not Collectible. This resolution saved the taxpayer approximately $700/month on a liability of $45,000.

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