IRS Wage Garnishment Levy -Christian Tax Relief Firm/Experts – Faith Based -Tax Help

May 24, 2011
Written by: steve
Fresh Start Tax

 

We are a Christian Tax Firm comprised of tax attorneys, CPAs and former IRS agents.

We have over 60 years of working directly for the Internal Revenue Service.

We have a very streamlined process to get immediate and permanent results and get immediate removals of an IRS wage garnishment levy.

Fresh Start Tax LLC <><   A Christian Professional Tax Firm   Since 1982    “A” Plus Rated by the Better Business Bureau

Get your levy released today! We are true IRS Tax experts.

You can hear us on Christian radio, GRACE FM 90.3.

If you need immediate tax help and relief from the IRS, call one of the oldest, most trusted and experienced professional Christian tax firms. We have been practicing our faith in our church and work places since 1982.

We are true IRS Tax experts. On staff are Board Certified Tax Attorneys, CPAs and former Christian IRS Agents, Managers and  former Instructors.

We have over 163 years of professional tax experience and over 60 years with the IRS.

What you need to know about a wage levy.

Continuous Effect of Levy on Salary and 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.
Example:

If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.

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.

How we immediately get Notices of Wage Levy and Bank Garnishment Levies Released.

As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage/Garnishment and Bank Levies. We know exactly how to quickly get them released. We have what it takes.

1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to them.

2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.

3. The IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.

4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.

Settlement agreements can be in different forms:

a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.

b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.

c. Offer in Compromise. There are three types of OICs:

The IRS may accept an Offer in Compromise based on three grounds:

1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.

2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:

(1) the examiner made a mistake interpreting the law,

(2) the examiner failed to consider the taxpayer’s evidence or

(3) the taxpayer has new evidence.

3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.

Call us for a free tax consultation. Free video conferencing is also available.

Filed Under: IRS Tax Advice | Tax News

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