Federal Tax Levy – Stop the IRS – Remove your Federal Tax Levy NOW

February 11, 2013
Written by: Fresh Start Tax

Federal Tax Levy – Stop the IRS – Remove your Federal Tax Levy NOW   1-866-700-1040

 
Call us today and stop your IRS federal tax levy. We will also settle your IRS tax problem.
As former IRS agents and managers we know the exact process. We are quick in affordable and get immediate results.
Whether you have a Bank Levy or a Wage Levy Garnishment we can get removals or releases of the Federal Tax Levy.
We are comprised of former IRS agents, managers and instructors who have over 60 years of direct working experience and knowledge at the local, district and regional offices of the Internal Revenue Service.
Our firm has over 205 years of professional tax experience and we are comprised of tax attorneys, CPAs, and former IRS agents.
It is very possible by the end of this week you will have a removal or release of your federal tax levy.
IRS only issues tax levies as a general rule on bank accounts and on your employer.
IRS generally does this because taxpayers have not responded to letters and notices sent by the IRS. IRS must send out a final notice before it can legally levy.

Requirements for a release or removal of the federal tax levy

 
IRS will request a current financial statement from any taxpayer or business who wants a removal or release of the federal tax levy. IRS will require a form 433-a or a 433-F which is their version of a financial statement. IRS will want the financial statement completely documented along with an exit strategy by the taxpayer on how the tax debt will be resolved.
As a general rule the three options are available to taxpayers as regard to settlements are as follows
IRS will either:
1.put your case into a tax hardship,
2. in IRS installment or payment arrangement, or
3.IRS will contemplate the filing in the acceptance of an offer in compromise or a tax debt settlement.
Filling out a complete financial statement along with all documentation is critical to get an immediate release or removal of the federal tax levy. We will help you through this process and make this seamless and worry free.
 

 The IRS new fresh start program

 
With the new fresh start program this can allow you not only to remove or release your federal tax. It may allow you to completely resolve your IRS tax debt with a settlement offer to the Internal Revenue Service.
 

The newest round of the offer in compromise or the tax debt settlement

 
Offer in Compromise Under the first round of Fresh Start in 2011, the IRS expanded the Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
An Offer in Compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
The Internal Revenue Service will consider your unique set of facts and circumstances:
a. Ability to pay,
b. Income,
c. Expenses and
d. Asset equity.
The IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.  IRS will explore all other payment options before submitting an offer in compromise.
The Offer in Compromise  or  the tax debt settlement program is not for everyone.
Make sure you are eligible.  before we submit an offer in compromise we will qualify any taxpayer before we turn the information over to the Internal Revenue Service.
Being former IRS agents we know the exact process, strategies and tax settlement procedures to make sure you have a true chance of settlement with the Internal Revenue Service.
 
If you are any current bankruptcy
Before the IRS will  consider your offer, you must be current with all filing and payment requirements. You are not eligible if you are in an open bankruptcy proceeding.
Submit your offer  in compromise. 
IRS will require the following tax  forms;
1. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
2. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
$150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
 
Select a  different payment option with the Internal Revenue Service
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. See your application package for details.
Understand the process
 
While your offer in compromise or tax debt settlement is being evaluated:
a. 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);
b. A Notice of Federal Tax Lien may be filed;
c. Other collection activities are suspended;
d. The legal assessment and collection period is extended;
e. Make all required payments associated with your offer;
f. You are not required to make payments on an existing installment agreement; and
g. Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Use our 206 years of professional tax experience along with our 60 years of working directly for the Internal Revenue Service to get results. So stop the worry and stress today.
Federal Tax Levy , Stop the IRS, Remove your Federal Tax Levy NOW
 
 

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