Notice of Intent to Offset – Tax Attorneys, Former IRS – Federal & State Representation – Get Relief Today

October 1, 2012
Written by: Fresh Start Tax

 

Do not panic and stop the worry. We have been representing clients since 1982.

 

Let us take the worry away. Get representation from Former Agents and Attorneys.

 

If you have  received a “Notice of Intent to Offset” and need Federal or State Representation call us today and speak directly to a Tax Attorneys, Tax Lawyers or Former IRS Agents. 1-866-700- 1040

 

We have over 206 years of federal and state tax experience and over 60 years of working with the federal government.

 

We have worked in the local, district and regional offices of the IRS and have worked with State Tax Agencies.

There are different protocols for working these cases based on the circumstances of each unique situation as well as the government agencies whose job it is to collect.

 

Call us today and we can review your case for no charge. 1-866-700-1040.

 

Questions and answers commonly asked:

 

1.Why did I receive a Notice of Intent to Offset?

Most government agencies office participates in the Treasury Offset Program. Under this program, the Department of Treasury may reduce or withhold any of your eligible federal payments, such as income tax refunds, so that they may be applied toward your outstanding federal debt.

Generally a financial litigation unit sends a notice describing this program to all debtors in  active collection cases.

 

2. What happens if I cannot pay my debt in full, how will the Department of Treasury work with me?

Most persons cannot pay there debt in full or may never be able to pay it at all. There are different programs available to deal with the situation.

 

Many times the Department of Treasury will require payments, put you in hardship where no payments are required of may consider a settlement.

 

A Financial statement is required with complete documentation before the Treasury will close out your case. You should call us today and we should be able to help you restore your life.

 

3.What kinds of federal payments can be reduced?

Depending upon the type of debt you owe, the following federal payments may be eligible for offset or levy:

a.   tax refunds
b.   wages, including military pay
c.   retirement, including military retirement pay
d.   contractor/vendor payments
e.   travel advances and reimbursements
f.   certain federal benefit payments, including Social Security benefits (other than

What is the Treasury Offset Program?

The Treasury Offset program is a centralized offset program, administered by the Financial Management Service’s (FMS) Debt Management Services (DMS), to collect delinquent debts owed to federal agencies and states (including past-due child support), in accordance with 26 U.S.C. § 6402(d) (collection of debts owed to federal agencies), 31 U.S.C. § 3720A (reduction of tax refund by amount of the debts), and other applicable laws. FMS disburses federal payments, such as federal tax refunds, for agencies making federal payments (known as “payment agencies”), such as the Internal Revenue Service.

 

“Creditor agencies,” such as the Department of Education, Justice etc… submit delinquent debts to FMS for collection and inclusion in TOP and certify that such debts qualify for collection by offset.

 

Payment agencies prepare and certify payment vouchers to FMS and disbursing officials at other federal agencies that are non-Treasury disbursed (such as the Department of Defense), who then disburse payments.

 

The payment vouchers contain information about the payment including the name and Tax Identification Number (TIN) of the recipient. Before an eligible federal payment is disbursed to a payee, disbursing officials compare the payment information with debtor information, which has been supplied by the creditor agency, in FMS’ delinquent debtor database.

 

If the payee’s name and TIN match the name and TIN of a debtor, the disbursing official offsets the payment, in whole or in part, to satisfy the debt, to the extent legally allowed. The disbursing official is required to perform such offset pursuant to 31 U.S.C. § 3716(c).

 

FMS transmits amounts collected through offset to the appropriate creditor agencies. FMS maintains information about the delinquent debt in the TOP delinquent debtor database and continues to offset eligible federal payments until the creditor agency suspends or terminates debt collection or offset activity for the debt.

 

A creditor agency will suspend collection if the debt is subject to a bankruptcy stay or if other reasons justify suspension.

 

A creditor agency will terminate collection of a debt if it is paid in full, compromised, discharged, or if other reasons justify termination.

 

Call us to learn more, 1-866-700-1040.

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