Though many practitioners are familiar with some of the parts of the IRS Currently Not Collectible status as a means to get the IRS to pause collection activity as it relates to hardship, there are many different avenues to explore. This presentation focuses on all the different types of Currently Not Collectible Statuses, how they are used, and how they can benefit clients.
Jeff McNeal is a former Revenue Officer for the IRS, and takes an in-depth look at this valuable (and often underutilized) resource. Get a comprehensive understanding of the IRS Currently Not Collectible tax program from someone who has been both inside and outside the agency. By showing that your clients are not currently able to pay their taxes—or need to defer payments for another reason—you can help your clients through hard times and win their continued business. And because the IRS makes these tools available, you should learn how to use them. Offer every advantage to your clients when you learn:
You may have clients who would honestly like to pay their taxes but are not able to. Help them avoid damaging fees and interest payments. By simply delaying collection by the IRS, your clients may be able to secure funds and resolve their tax burden.
Get this stress off of their minds, and they will recommend your firm to their colleagues. Start this free course from Canopy Tax today.
Enroll now in my free Examining Currently Not Collectible Course
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