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Wichita Kansas Form 433-D: What You Should Know
There are some basic rules that will determine whether you are currently not collectible. It is important to note these are only requirements and not guidelines. If not required by the IRS or court order, you may declare CNC and report it on your Kansas Income Tax Return (W-2) in an effort to eliminate this deficiency, or you may file for bankruptcy to eliminate this debt. If your CNC status is due to an IRS assessment, you will get guidance on what to do on your tax returns and with your tax accountant. A recent letter from the IRS about determining your CNC status can be found here. Tax Forms and Publications — Cabala, Harmon & Case CPA's, PA Wichita, KS 67205.
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