If an installment agreement or offer in compromise results in payments too much for you to afford, and if lien removal, levy release, or penalty abatement does not address your financial concerns, there is one other option: current non collectible status (CNC). If you absolutely cannot pay off back taxes, penalties, and/or interest due, then you can request CNC status. The IRS will likely ask for proof, including financial information. It may also request that you file any unfiled tax returns. If you are placed in CNC status, the IRS will not levy assets or income. Your account will also be temporarily closed. The caveat here is this: you still will owe the IRS. When your financial situation improves, they can reopen the case and take action. It is always best, if possible, to fight for the best tax settlement solution now rather than wait to do so in the future.