Taxpayer Relief

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August 31, 2024 3 min read Definitions

Currently Not Collectible Status (CNC): A Temporary Relief from IRS Collection

Taxes Finance IRS Tax Debt Financial Hardship Taxpayer Relief CNC Status

An insightful guide on the Currently Not Collectible Status (CNC), a temporary phase where the IRS refrains from active collection efforts due to financial hardship experienced by the taxpayer.

August 31, 2024 4 min read Definitions

Extra-Statutory Concession: Taxpayer Relief Beyond Legislation

Economics Taxes Tax Policy HMRC Taxpayer Relief Concessions UK Tax

A detailed exploration of Extra-Statutory Concessions made by HM Revenue and Customs to taxpayers, their historical context, importance, applicability, and more.