When the IRS declares an individual currently not collectible, the IRS will generally stop all collection activities (i.e., will not issue levies and/or garnishments). Once in this status the 10-year statute of limitations on the collection of the tax debt is still running (with certain exceptions). If the individual’s financial situation does not improve in this time, the tax debts owed will expire. Getting declared currently not collectible can help a taxpayer get back to normal life without worrying about the IRS taking further collection actions that will limit the funds needed for everyday necessities. Realize that in many cases the IRS will still file a tax lien (if one has not be filed) for any tax years owed.