How to Freeze IRS Collections with Currently Not Collectible Hardship Status

Halting the Levy: Obtaining Currently Not Collectible Hardship Relief What is IRS Currently Not Collectible (CNC) Status? Currently Not Collectible (CNC) status is an official IRS hardship designation under Policy Statement 5-71. When granted, the IRS temporarily halts all aggressive collection enforcement—including bank levies, wage garnishments, and Revenue Officer calls. You qualify if your allowable […]

How to Claim IRS Innocent Spouse Relief for Unpaid Joint Taxes

Severing Joint Tax Debt: The Legal Shield of Innocent Spouse Relief How Does IRS Innocent Spouse Relief Work? Under Internal Revenue Code Section 6015, filing a joint tax return makes both partners “jointly and severally liable” for the full tax bill, even after a divorce. However, Innocent Spouse Relief (Form 8857) allows an individual to […]

Managing Tax Liabilities for Richmond Independent Contractors

Managing Tax Liabilities for Richmond Independent Contractors The Financial Realities of 1099 Contracting The workforce in the Richmond region features a vibrant, growing segment of independent contractors, gig workers, creative freelancers, and specialized consultants. While self-employment offers professional freedom, it transfers complete responsibility for tax withholding and compliance onto your shoulders. Without an employer deducting […]