Currently Not Collectible

 



    Request A Case Evaluation Or Tax Resolution Development Plan

    Get a Tax Resolution Development Plan from us first before you attempt to deal with the IRS. There are several options for you to meet or connect with Board Certified Tax Attorney Jeffrey B. Kahn. Jeff will review your situation and go over your options and best strategy to resolve your tax problems. This is more than a mere consultation. You will get the strategy or plan to move forward to resolve your tax problems! Jeff’s office can set up a date and time that is convenient for you. By the end of your Tax Resolution Development Plan Session, if you desire to hire us to implement the strategy or plan, Jeff would quote you our fees and apply in full the session fee paid for the Tax Resolution Development Plan Session.

    Types Of Initial Sessions:

    Most Popular GoToMeeting Virtual Tax Development Resolution Plan Session
    Maximum Duration: 60 minutes - Session
    Fee: $375.00 (Credited if hired*)
    Requires a computer, laptop, tablet or mobile device compatible with GoToMeeting. Please allow up to a 10-minute window following the appointment time for us to start the meeting. How secure is GoToMeeting? Your sessions are completely private and secure. All of GoToMeetings solutions feature end-to-end Secure Sockets Layer (SSL) and 128-bit Advanced Encryption Standard (AES) encryption. No unencrypted information is ever stored on our system.

    Face Time or Standard Telephone Tax Development Resolution Plan Session
    Maximum Duration: 60 minutes - Session
    Fee: $350.00 (Credited if hired*)
    Face Time requires an Apple device. Please allow up to a 10-minute window following the appointment time for us to get in contact with you. If you are located outside the U.S. please call us at the appointed time.

    Standard Fee Face-To-Face Tax Development Resolution Plan Session
    Maximum Duration: 60 minutes - Session
    Fee: $600.00 (Credited if hired*)
    Session is held at any of our offices or any other location you designate such as your financial adviser’s office or your accountant’s office, your place of business or your residence.

    Jeff’s office can take your credit card information to charge the session fee which secures your session.

    * The session fee is non-refundable and any allotted duration of time unused is not refunded; however, the full session fee will be applied as a credit toward future service if you choose to engage our firm.

    YesI want to get a Tax Resolution Development Plan for my situation

    The Internal Revenue Service (IRS) will place a taxpayer’s account on a Currently Not Collectible (CNC) status when they have determined that the IRS is presently unable to collect the taxes from the taxpayer by full payment, through an Installment Agreement or by way of an Offer in Compromise. Once the account is placed on a CNC status, the IRS does not pursue collection activity against the taxpayer and the statute of limitations on the tax liabilities will continue to run. Generally, unless the taxpayer’s financial situation changes, the account will remain on a CNC status until the tax liabilities expire. However, if the taxpayer’s financial situation improves the account will be taken off of CNC status so that the IRS can collect the taxes through full payment or an Installment Agreement.

    When a taxpayer has a negative cash flow and has equity in assets that the taxpayer is dependent upon, the taxpayer could attempt to resolve their account by having their account placed on a CNC status depending on their circumstances. For CNC status, the underlying issue is that liquidation of a particular asset is either not feasible or would cause a financial hardship.

    For prompt evaluation of your case, we encourage you to contact us. You may also contact us using our toll-free number at 866.494.6829

    Illinois Government Officials Announce Major Step Forward to Legalize Adult Use Cannabis – If You Can’t Beat Them, Then Join Them!

    /
    0 Comments
    On May 4, 2019 Illinois Governor JB Pritzker (Dem.) and key lawmakers…
    U.S. Citizenship Could Be Denied For Applicants Involved In Cannabis

    Beware That U.S. Citizenship Could Be Denied For Applicants Involved In Cannabis

    /
    0 Comments
    USCIS Issues Policy Guidance Clarifying How Federal Controlled…
    Tips For Taxpayers About The Sharing Economy And Taxes From renting spare rooms and vacation homes to car rides or using a bike…name a service and it’s probably available through the sharing economy which is proliferating through many online platforms like Uber, Lyft and Airbnb.

    Top Four Tips For Taxpayers About The Sharing Economy And Taxes

    Top Four Tips For Taxpayers About The Sharing Economy And Taxes From…
    failing to pay taxes could land you in jail

    Yes, You Can Face Jail Time For Nonpayment Of Employment Taxes

    cannabis business file for tax return extension with the IRS

    Why Taxpayers Involved In Offshore Accounts, Crypto-Currency Or Cannabis Should Be Filing An Extension For Their 2018 Income Tax Returns.

    /
    0 Comments
    Why Taxpayers Involved In Offshore Accounts, Crypto-Currency…
    cannabis business banking law

    Federal Cannabis Banking Bill Moving Through Congress – If You Can’t Beat Them, Then Join Them!

    /
    0 Comments
    Under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana…
    IRS investigation crypto trading

    Fail To Pay In Enough Tax Withholding And Estimated Tax Payments For 2018? Relief May Be Available To You.

    /
    0 Comments
    Fail To Pay In Enough Tax Withholding And Estimated Tax Payments…
    affected by tornado damage tax relief

    Are You Effected By The Alabama Tornadoes And Severe Storms? IRS Is Providing You With Tax Relief And Extending Upcoming Tax Deadlines.

    /
    0 Comments
    Are You Effected By The Alabama Tornadoes And Severe Storms?…
    failing to pay taxes could land you in jail

    Beware: Failing To Pay The IRS Could Land You In Jail

    /
    0 Comments
    Beware: Failing To Pay The IRS Could Land You In Jail The IRS…
    IRS investigation crypto trading

    Don’t Let A Simpler Form 1040 Fool You – Be Prepared For An IRS Audit.

    /
    0 Comments
    The Tax Cuts And Jobs Act Of 2017 (“TCJA”) was signed into…
    overpay tax

    Do You Have A Business That Involves Transactions In Cash? Beware Of IRS Required Filings That If Not Followed Could Lead To Penalties And Jail-time.

    /
    0 Comments
    While there is no law making it illegal to transact business…