IRS Currently Not Collectible Status: What Are The Pros And Cons?

March 16, 2023
Each year, almost 30 million taxpayers file a return and owe taxes. Most people pay the taxes when they file, but about 4 million to 5 million taxpayers are unable to pay. About 3 million of these people set up payment plans with the IRS. These payment plans are known as installment agreements, and are…

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