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The IRS wants $1,800 a month, but this taxpayer says they have only $200 left after expenses. Could they qualify for Currently Not Collectible (CNC) status? I break down the situation and discuss what could affect the options available after bankruptcy.
In this video, I cover how disposable income and IRS expense standards affect the analysis, why a partial payment installment agreement (PPIA) may be another option, and how allowable expenses and changes in income can affect a proposed resolution. I als...