Tax Payment Options for Taxpayers Suffering Financial Hardships: Currently Not Collectible Status: Taxpayers who owe the IRS money and are experiencing extreme financial hardship have several options. One such option is requesting currently not collectible status and may be available when a taxpayer’s total income is less than her allowable expenses.
Lipman, Francine J., "Tax Talk Tuesdays: Tax Payment Options for Taxpayers Suffering Financial Hardships: Currently Not Collectible Status (Aug. 21, 2018)" (2018). Tax Talk Tuesdays Radio Broadcasts. 2.