by Fresh Start Tax | Aug 17, 2016 | Tax Help
We are an affordable professional tax firm with over 95 years of direct IRS work experience. Since 1982.
Call us today for a free initial tax consultation and find out if you are eligible for an IRS tax settlement to settle for pennies on the dollar if you qualify.
This is the only way to REDUCE YOUR TAX DEBT!
Negotiation with the IRS over back taxes is the job of the seasoned tax professional who knows the systems and the methodologies and the formulas of the Internal Revenue Service.
IRS has a very specific formula that they use to compute the offer in compromise which is the vehicle to reduce your tax debt.
I have over 40 years in this industry and it is critical if you want to settle your tax debt for the lowest possible amount you should go to true tax professionals.
I can tell you within minutes reviewing your current financial statement whether you are a true candidate for the offer in compromise program to settle your tax debt.
We can review with you the different IRS tax debt settlement programs and find out if you are a qualified and eligible for any of the IRS programs.
Other ways to Settle, Negotiate Tax Debt or Reduce Your Tax Debt
As a general rule, you may apply for hardships, payment agreements or settle for an offer in compromise to settle your debt for pennies on the dollar.
We will review with you your financial statement and let you know what the lowest possible settlement IRS will accept.
STATS :40% of all persons that owe back taxes are placed into a hardship or are currently not collectible status and 6.5 million taxpayers enter into annual payment agreements.
If you want to settle for less on an IRS tax debt you must know the system. The system is all about the formulas and the methods that IRS uses to settle their tax debt.
The IRS tax debt settlement program is called the offer in compromise.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise/IRS tax debt settlement were filed by taxpayers and over 38% of those were accepted for average of $6500 per case.
At the current time there are 7500 cases in the offer queue. The average wait time is nine months. There are not enough IRS employees to work the current inventory.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement.
We will not file for an offer in compromise unless you are a true candidate for the program. There is a pre qualifier tool to find out if you are a settlement candidate for income or business tax debt.
Upon your initial tax consultation we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However this program is not for everybody. Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
There are many firms that take your money and then let you know after the fact you are not qualified. you need to know before hand whether you have a fighting chance. being a former IRS agent employee gives you a huge advantage of having the review your offer in compromise to settle your tax debt.
IRS Tax Debt Settlement Program to Reduce Your Tax Debt is Called the Offer in Compromise
At our firm we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS and in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
If you have any questions or issues about the offer in compromise program to settle or negotiate your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise.
It is possible for the IRS to spend over 20 hours working an offer in compromise. IRS uses the Accuriant search engine, Google in a variety of other searches to check on assets and histories of taxpayers and businesses.
You want to make sure you are very accurate and truthful on your financial statement.
On cases over $100,000 it is typical they will check your credit report for the accuracy of your financial statement. The higher the dollar case the greater the due diligence.
Many people ask why is this process not that simple.
The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
Beginning immediately:
The IRS will return any newly filed Offer in Compromise application where the taxpayer has not filed all required tax returns.
Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on file.
IRS will consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Make sure you are eligible for the offer in compromise to settle your tax debt.
Before IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceedingg.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer in compromise to settle your tax debt
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option to Reduce Your Tax Debt
Your initial payment will vary based on your offer and the payment option you choose:
• Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process to settle your tax debt
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today for free initial tax consultation and speak to a true IRS tax expert who will walk you through the process of how to negotiate with IRS over back taxes.
Our free consultation will give you true expert advice and help you evaluate your next step.
How to Reduce Your Tax Debt + Former IRS Agents Who Know the SYSTEM
by Fresh Start Tax | Aug 11, 2016 | Tax Help
We are an AFFORDABLE IRS Tax Debt Relief professional service firm that can provide permanent ax debt relief. We are former IRS agents and managers. Since 1982, A+ rated.
We have over 95 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
We can handle any IRS or state tax case. We are the Affordable Tax Relief Firm that can resolve any tax trouble.
Upon your initial phone call with one of our true experts we can provide to you the different programs and let you know the best tax debt relief option available.
As a general rule there are three relief options. Based on your current financial statement we can pick the best option that is right for you to permanently end your IRS or state tax case.
Important: You cannot trust tax relief company ratings. Many times a certain tax relief company will actually sponsor the link and call other similar companies who pay to be on their link.
These are tax relief rating are not from independent sources that verify the information, so be very careful.
While some are very good, others are not. BEWARE.
Theses sites are deceptive and misleading.
The only way to truly find out how the relief company is, is to do the due diligence it yourself. usually the company you find on top of these ratings are promoting their own link which is sad.
You should always use a company that features tax attorneys, CPAs and former IRS agents and those that have professional licenses.
Another good indicator is to find out how long the company has been in business and to find out the number of complaints they have with the Better Business Bureau.
The last way is to call the tax professional and the firm yourself and find out information about their experience and trustworthiness.
Tax Debt Options and Settlements
The Internal Revenue Service will settle debt based on your current and verifiable financial statement. Depending on who is working your case IRS will require a documented form 433A or 433F.
IRS will only be concerned with your assets, your income and your current living expenses. there are formulas that IRS were used to compute how they will settle your case.
Generally there are three options of closure with the Internal Revenue Service.
They are:
1. being placed into a currently not collectible or hardship situation,
2. a monthly payment or installment agreement, or,
3. entering into a settlement for pennies on a dollar called an offer in compromise.
Upon your initial call, we review your current financial statement and let you know your best option available.
Being former IRS agents and managers we know the methodologies, the theories and exactly how to close the case in your best interest and save you the most amount of money possible. When you call us you will hear the truth about your case.
We have been in practice since 1982 and our A+ rated by the Better Business Bureau.
Permanent IRS Tax Debt Relief Services + Former IRS
by Fresh Start Tax | Aug 11, 2016 | Tax Help
We are a AFFORDABLE tax resolution service firm that can provide tax debt relief. We are former IRS agents and managers. since 1982, A+ rated.
We have over 95 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS. We can handle any IRS or state tax case.
Upon your initial phone call with one of our true experts we can provide to you the different programs and let you know the best tax debt relief option available.
As a general rule there are three relief options. Based on your current financial statement we can pick the best option that is right for you to permanently end your IRS or state tax case.
Important: You cannot trust tax relief company ratings. Many times a certain tax relief company will actually sponsor the link and call other similar companies who pay to be on their link.
These are tax relief rating are not from independent sources that verify the information, so be very careful.They are a way to make their tax relief companies look good with out independent verification. While some are very good, others are not. BEWARE.
Theses sites are deceptive and misleading.
The only way to truly find out how the relief company is, is to do the due diligence it yourself. usually the company you find on top of these ratings are promoting their own link which is sad.
You should always use a company that features tax attorneys, CPAs and former IRS agents and those that have professional licenses.
Another good indicator is to find out how long the company has been in business and to find out the number of complaints they have with the Better Business Bureau.
The last way is to call the tax professional and the firm yourself and find out information about their experience and trustworthiness.
Tax Debt Options and Settlements
The Internal Revenue Service will settle debt based on your current and verifiable financial statement. Depending on who is working your case IRS will require a documented form 433A or 433F.
IRS will only be concerned with your assets, your income and your current living expenses. there are formulas that IRS were used to compute how they will settle your case.
Generally there are three options of closure with the Internal Revenue Service.
They are:
1. being placed into a currently not collectible or hardship situation,
2. a monthly payment or installment agreement, or,
3. entering into a settlement for pennies on a dollar called an offer in compromise.
Upon your initial call, we review your current financial statement and let you know your best option available.
Being former IRS agents and managers we know the methodologies, the theories and exactly how to close the case in your best interest and save you the most amount of money possible. When you call us you will hear the truth about your case.
We have been in practice since 1982 and our A+ rated by the Better Business Bureau.
Tax Resolution Services + Tax Debt Relief + Former IRS Agents
by Fresh Start Tax | Aug 10, 2016 | Tax Help
Affordable IRS Business + Tax Audit Help + Former IRS Agents
We have 205 years of direct tax experience, 65 years of working for the IRS in the local, district and regional offices. We worked as Agents, Instructors and in IRS Management.We know the settlement techniques and formulas to save your money.
We can defend any individual or business tax audit and rest assure you will get the best representation possible. Being former IRS agent managers and supervisors we know everything necessary to assure your tax return will be defended in the very best light. Many times the best solutions are to take your case to appeals. we have worked thousands of cases since 1982.
Call us for a free initial tax consultation with our business tax audit experts. Be worry free, call us today. 1-866-700-1040
We are one of the nations most experienced IRS Tax audit defense help firms.
It only makes sense to have Former IRS Agents and IRS Tax Audit Managers handle your IRS tax audit and give you the most experienced and successful IRS Tax Audit Help.
Facts about IRS Tax Audits:
The IRS audits a total of 1,391,581 tax returns a year.
The IRS field agents complete more than 310,000 audits by office or business visits a year.
The IRS completes over 1,081,152 correspondence audits a year.
IRS has installed new software tracking systems with the development of the CADE 2 computer to spot and recognize tax audits more proficiently
IRS collected over $10 billion dollars a year from IRS tax audits.
IRS employs over 13,000 IRS auditors.
$5.2 billion dollars are collected through the IRS document matching program.
For truly professional IRS Tax Audit help contact former IRS Agents and Managers.
IRS Policy Statement P-4-21. It states “The primary objective in selecting returns for examination is to promote the highest degree of voluntary compliance on the part of taxpayers.”
The IRS Tax Audit Examination Plan
The plan that is used by the IRS is based on long-range coverage planning, and objectives on the resources requested in the Congressional Budget.
From this, there is an established plan where staff years are allocated to all area IRS offices using resource allocation and a prescribed methodology.
Each Area Manager of the IRS is responsible for preparing an area response following instructions from the National Headquarters.
Staffing for the IRS Tax Audit
Staffing is based on the examination priorities that differs from office to office and region to region, front loaded programs set up before hand, historic examination rates adjusted to yield sure ended results and audits that match experience of the personnel.
Each region is excepted to produce tax audits and money from tax audits. IRS is funded thru results.
Why the IRS Audits Tax Returns
a. Front Loaded Programs
Front Loaded programs are those tax audits that IRS DC headquarters has determined are very important and a considerable amount of time must be spent on these programs and activities.
Each area has discussions within management as to what the programs should be for each region, district, and office.
Some of the business tax audit programs are:
Special enforcement programs – An example of this may be compliance of all flea market vendors, a program I was involved with,
High Income non-filers – The IRS would get their information from a match program of w-2’s and 1099’s and match up social security numbers against filed returns
Abusive Tax Avoidance – This could be in the area of offshore activities
Offshore credit card program
National Research programs – Those set forth by management after doing a trends project
FBAR filing – IRS is currently targeting those with overseas bank accounts
Non- filers – IRS is presently forming a task force to seek non-filers though aggressive means.
b. The IRS makes sure there is balanced coverage.
The National Office makes sure there is a balanced approach for audit return delivery and tax compliance.
Resources and inventory and the size of personnel all go into this formula. The focus is blended into these areas:
Individual returns less than $100,000.
Individual returns greater than $100,000 but less than $200,000.
Individual returns greater than $ 200,000.
Small Business Corporations.
Small Business Flow-Through Entities – S Corporations, Fiduciaries and Partnerships.
c. Classification Plan
The IRS will prepare a plan, which is classified. A National DIF score indicator is placed on all Federal Income tax returns that are filed. Each tax return has certain factors that contribute to its score such as Gross Income, Adjusted Gross Income and line item expense.
There are several classified secrets that go into the DIF score.
Each tax return is processed through the IRS computer line item by line item.
A DIF score label is placed on every tax return with its DIF number. A tax examiner or Revenue Agent manually eyeballs each and every tax return with a high DIF score. The examiner then determine which return has the highest probability of tax audit success.
d. DIF Cutoff Score
The IRS will calculate the Area DIF cutoff score for each activity code, giving consideration to the selection rate.
This is the lowest DIF score necessary to secure the number of returns required for audit.
For example, if the return plan shows 225 returns for an activity code and the selection rate is 70%, the IRS will need to order 321 returns (225/70%).
The DIF Cut off Score is 500. The number of returns with DIF scores greater than 550 is 280, which is less than the number of returns required, so the lowest DIF score on an ordered return will be in the range of 500 to 550 and the DIF cutoff score is 500.
This is the IRS example as found in the IRS IRM section 4.
e. Where your case is worked
Examination inventory is assigned to IRS offices based on ZIP codes, using the Look up Tables at Martinsburg Computing Center.
f. High Assault Risk Areas
Certain ZIP code areas are identified as High Assault Risk Areas. There are special instructions the IRS has regarding these audits. These returns will be audited.
Survey of Examination Cases. The IRS can look over your case and close it with an eyeball look.
While cases should be selected and started in accordance with all guidelines, in a limited number of circumstances, there may be returns that appear in the “judgment of the examiner and manager” to warrant survey without taxpayer contact. That is to not even contact the taxpayer.
Cases delivered to the IRS area manager will generally fall into one of three categories: mandatory work, strategic (priority program) work, and non-strategic work.
Mandatory work includes nationally coordinated research projects such as NRP and employee audits (excludes “new” IRS employee audits)
Strategic work is identified annually in the Exam Program Letter which can be found at http://sbse.web.irs.gov/Exam/. The procedures to survey strategic work and referrals from other business units, “new” employee audits and cases with previous taxpayer contact require an explanation for the rationale for the survey.
Cases that are not mandatory work, strategic work, a referral from another business unit, and are not part of an employee examination or research study may be surveyed based upon the professional judgment of the examiner with concurrence of the immediate supervisor.
Here are some factors to consider when determining whether to survey strategic work:
Taxpayer is in bankruptcy
Taxpayer has suffered an extreme hardship or illness
Taxpayer is deceased, or
Examiner has additional information that was not available during classification
This is in the complete judgment of the IRS tax auditor
From year to year the IRS changes their programs to keep everyone honest. However, after years of experience, a trained eye can know what tax returns will be pulled for audit.
Why use former IRS agents for IRS tax audit help
Being former IRS agents we know all the protocols, all the theories, all the settlement formulas and all the tax procedures the IRS will use for a IRS tax audit.
While most tax professionals learn their IRS Audit skill during on-the-job training, former IRS agents and managers actually know the insider programs and insider secrets to successful tax audits.
The team of tax professionals we have at fresh start tax not only were former IRS agents and managers but were former instructors with the Internal Revenue Service not only taught a local office but also taught in the district and regional IRS offices as well.
We are one of the most experienced tax firms when it comes to IRS tax audit help.
If you’re got a hire a professional tax firm is wise to hire tax attorneys, certified public accountant or former IRS agents and managers who can provide you the very best IRS tax audit help.
There are many excellent tax firms to help you through this problem make sure you check on their experience and their Better Business Bureau rating.
We are true business audit tax experts, since 1982
Business Tax Audit Help + Audit Representation + Former IRS Auditors, Know System
by Fresh Start Tax | Aug 9, 2016 | Tax Help
As a general rule, IRS or State tax levy is usually is a seizure on funds and a garnishment usually applies to wages. Sometimes the words are interchangeable. Both however are seizures of assets that belongs to you,
You can get an IRS or State Tax Levy Released within 24 hours.
Being a former IRS agent I issued thousands upon thousands of these tax levies on bank accounts, on employees wages, and on third parties to collect the back tax debt of taxpayers.
The IRS issues close to 1.5 million bank and wage levies each year. The States issue millions more.
There is a downward trending pattern that exists today on the use of the IRS levy which is good to see.
Rules to tax levies are usually the same but differ from State to State.
The following is basic information.
Before IRS can send a levy to a taxpayer or to a business must complies with the tax rules and tax codes regarding the IRS levy and they are as follows:
These three requirements are need to be met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS also needs to:
We may give you this notice :
1. in person,
2. leave it at your home or your usual place of business, or
3. send it to your last known address by certified or registered mail, return receipt requested.
Please note: if we levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
How to stop an IRS or state tax levy.
The particular government agency much be contacted with tax notice in hand. Every government agency will need to review your current financial statement before making a determination on how they will close your case off the collections computer.
As a general rule, to stop an IRS or state tax levy the agency will need a documented financial statement along with bank statements, pay stubs and current living expenses.
Each agency works a little different but they are basically looking at your assets and/or your income and your ability to pay that back.
Generally there are one of three programs the IRS or the state will look at.
As a general rule the three programs are currently not collectible, payment agreements, or settlements.
You can stop the levy by giving them the current financial statement and making sure your tax returns are up-to-date. You can then close the case out get your levy or garnishment released and move on with your life.
What happens if an Employer Threatens to Fire Taxpayer Because of a Levy of Garnishment
Sometimes an employer threatens to fire an employee to avoid handling a levy.
This might be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
Refer the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.
Continuous Effect of IRS Levy on Salary and/or Wages
Unlike other levies, a levy on a taxpayer’s wages and salary has a continuous effect.
It attaches to future payments, until the levy is released. Wages and salary include fees, bonuses, commissions, and similar items.
All other levies only attach to property and rights to property that exist when the levy is served.
As an Example:
If a bank account is levied, it only reaches money in the account when the levy is served.
It does not and cannot reach money deposited later. Another levy must be issued.
When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to.
If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.
Retirement Income.
A Form 668-A is issued to levy an author’s royalties. The author has a fixed and determinable right to royalties for books that have already been published. The levy reaches royalties for sales of those books in the future.
The levy does not reach royalties for books that are written and published later. A new levy must be served to take those royalties.
A Form 668-W is issued to levy a taxpayer’s retirement income. The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.
Also, see IRM 5.11.6.12, Levy on Non-Liable Spouse in a Community Property State for guidance when the wage levy on the non-liable spouse is not continuous.
Exempt Amount
Part of the individual taxpayer’s wages, salary, (including fees, bonuses, commissions and similar items) and other income, as well as retirement and benefit income, is exempt from levy.
The weekly exempt amount is:
The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.
Then, this total is divided by 52.
Income that is not paid weekly is prorated, so the same amount is exempt.
In addition, the amount the taxpayer needs to pay court ordered child support is exempt.
The support order can originate from a court or administrative process under the laws and procedures of a state, territory or possession.
If support is allowed, the same child can not be claimed as an exemption for figuring the exempt amount.
See IRM 5.11.5.4 (2)a above.
If Then:
The taxpayer has already shown proof of the required child support payment Write on the levy form,
“Under section 6334 (a)(8) of the Internal Revenue Code, $ ____________________is exempt from this levy.”
The taxpayer shows proof of the child support after the levy is served Release enough of the levy so the support can be paid.
The taxpayer is not entitled to the support exemption unless the support is being paid.
Consider getting the taxpayer to have the child support payment withheld and sent directly to the person with custody.
Or, the taxpayer may make the child support payment through the Service, and the Service will forward the payment. When there is no open assignment, have the payments sent through Submission Processing.
This may happen if the payments are being monitored in the campus.
Claiming the Exempt Amount
The Notice of Levy on Wages, Salary, and Other Income (Form 668-W) was developed for use when an individual may be entitled to the minimum exemption from levy in IRC 6334(a)(9) and includes a Statement of Exemptions and Filing Status.
The employer gives the statement to the taxpayer to complete and return within three days. If it is not received by then, the exempt amount is figured as if the taxpayer is married filing separate with one exemption.
The taxpayer can give the statement to the employer later to change the exempt amount.
The employer needs to use this statement rather than the employee’s W–4, Employee’s Withholding Certificate.
Taxpayers may claim different exemptions for withholding from those claimed on their return.
Publication 1494, Tables for Figuring Amount Exempt From Levy on Wages, Salary, and Other Income – Forms 668-W(ACS), 668-W(c)(DO) and 668-W(ICS), is sent with the levy to help figure the exempt amount.
The taxpayer can give a new statement to the employer later to have the exempt amount recomputed.
The taxpayer’s filing status or personal exemptions may change.
There may be a change in exempt rates in a new year.
The statement is completed under penalty of perjury. Generally, accept the information on the statement, unless there is reason to question it.
If exemptions are disallowed, notify the employer and the taxpayer in writing. The taxpayer can provide evidence that the statement is right and request managerial review.
Include a statement that the taxpayer may provide evidence to prove the statement is accurate and may request a managerial review of the dis-allowance.
Employers with Centralized Payrolls
Some employers have a centralized payroll, so the payroll is not handled where most employees work.
Consider mailing the Statement of Exemptions and Filing Status directly to the taxpayer. This avoids the delay of the employer re-mailing it.
Send to the employer Part 1 of the levy form and Notice 484, Instructions to Employer with Centralized Payroll for Processing Statement of Exemptions and Filing Status.
Send to the taxpayer the other parts of the levy form and Notice 483, Instructions to Employee Paid through Central Payroll System for Submitting Statement of Exemptions and Filing Status.
Joint Tax Liabilities
For joint liabilities, generally levy the income of the spouse with the larger income.
Levy both incomes only in flagrant cases of neglect or refusal to pay. Secure group manager approval to issue notices of levy on the income of both spouses’ living in the same household. If taxpayers are separated, consider collecting from both spouses’ income rather than collecting from one spouse’s income.
Getting a Tax Levy released from the IRS
If the IRS has issued you a notice of Federal tax levy you can get a release of that levy if you give them a current financial statement that is documented with your income expenses, pay stubs and bank statements for the last 3 months.
All tax returns must be filed and up to date.
With that information in hand, IRS will go ahead and propose one of three type a settlements with you.
IRS will either put you in an economic tax hardship, ask you to be entered into the installment or payment program or let you know you could be a qualified candidate for an offer in compromise.
Should you have any questions regarding these three type of programs call us today and speak to us for initial free tax consultation. 1-866-700-1040
IRS or State Tax Levy + How It Works + How to Stop The Tax Levy
