QUALIFICATIONS FOR HARDSHIP STATUS

 

To find out if you qualify for hardship status (or currently not collectible) the IRS will investigate your financial situation and will expect to receive documents that reflect costs like your mortgage or rent payments, as well as pay stubs. The IRS also will ask about expenses like food, clothing, transportation, and utilities. You must prove that unnecessary economic hardship would be created if the IRS were to collect the taxes they are owed.

IRS may approve hardship status if:

  • An exempt organization, corporation, or LLC was liquidated in bankruptcy

  • A taxpayer dies and there is no way to collect from the estate or decedent

  • An exempt organization, corporation, or LLC cannot pay taxes

  • The taxpayer cannot be reached by the IRS even with the address

  • The collections statute of limitations expired

  • The taxpayer is in a foreign country and the IRS cannot collect

  • The IRS cannot find the taxpayer and his or her assets

  • The assessment was expired prior to the IRS issuing it

CALL FOR PROMPT RESPONSES & TAX ADVICE TAILORED FOR YOU

To find out if a hardship status might be a good solution for you, get in touch with our experienced Oklahoma tax lawyers. We are known for our thorough and comprehensive customer service. You can expect prompt responses and updates throughout every step of your case.

Don't wait to get started on your case. Contact us today.