A taxpayer may qualify for Currently Not Collectible (CNC) status when the IRS recognizes you cannot pay the taxes due. It is a temporary delay in collection until your financial condition improves. The taxpayer may be required to fill out a financial information statement to prove financial hardship. A tax lien may be filed during this time and penalties and interest will continue to grow. However, no bank levies or wage garnishments will be issued during this temporary delay.