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What is a hardship deferral?

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What is a hardship deferral?

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A hardship deferral is another term for placing your account in “currently not collectible” status. By doing so, you will not be required to make any payments to the IRS, and they will not take any collection action against you. However, penalties and interest will continue to accrue on the unpaid tax debt until it is satisfied, whether through an installment agreement or offer in compromise.

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