Why cant I just go for non-collectible status?
For some clients, non-collectible is the way to go. But when you talk to the IRS agent and try to make your own case for non-collectible status, consider this: the agents mission is to collect taxes. He or she will ask you a lot of questions to determine whether you qualify. If you dont qualify, youve just given the IRS all the information they need to find your assets and issue bank levies and/or wage garnishments. Also, keep in mind that non-collectible status is only temporary. Interest will accrue, and any refunds will be intercepted and captured. Within 1-2 years, you may get levied and garnished again. And if you do, youll owe the IRS substantially more money.
