Non-Collectables & Statute Of Limitations

Non-Collectibles & Statute of Limitations

There are many situations where life doesn’t make it easy to pay your tax debts. If you are struggling, and barely making ends meet, Alleviate Tax can help. If your wages only cover your necessary living expenses, and you have no assets worth getting levied, we may be able to put you in a status called, “currently not collectible.” This is not a resolution as much as it is a change in your status. Penalties and interest will continue to accrue, so it is important to stay on top of this. If you are “currently not collectible” for some or all of the 10-year statute of limitations, and this time expires while you are still “currently not collectible,” the tax obligation will become permanently not collectible.

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