IRS Tax Levy – How to Deal and WIN with the IRS – Levy Removed & Released 1-866-700-1040
The Internal Revenue Service sends out 3.6 million IRS tax levies each and every year. You are not alone. Here is how to fight back and win.
If you have an IRS tax Levy and you want to get your tax levy released and removed follow the procedures below to get immediate results.
We are comprised of tax attorneys, certified public accountants, and former IRS agents. As former IRS agents we taught tax law and are experts on IRS tax levies.
As former IRS agents/managers we issued thousands of tax levies so it only makes sense that we know the exact process on how to go ahead to deal with them and to win with the IRS.
We have over 60 years of working directly for the Internal Revenue Service in the local district, regional offices of the IRS.
There are very specific procedures in dealing with an IRS tax Levy.
Why was your tax Levy sent?
IRS sends out notices of the federal tax levy because taxpayers did not respond to the last and final notice the IRS sent to the last known mailing address.
IRS will use your last known address on your last filed tax return to send out your final billing notice.
If your address changed or you did not file a tax return with a new address, the Internal Revenue Service has no way of knowing where you are now located. By code, the Internal Revenue Service is only required to mail IRS bills and notices to your last known tax filing address.
As a general rule, the IRS sends out 3 to 4 billing notices to let you know you owe past-due federal taxes. If you do not respond to the IRS, the government computer will systemically generates a notice of seizure or garnishment.
How to get the IRS tax Levy released
Before the Internal Revenue Service will release a IRS tax Levy this is the exact procedure that needs to be followed to deal with the IRS and to get your tax levy removed in release and when your money back from the government:
The IRS will require a current financial statement on form 433-F.
You can find that form on our site. IRS will want that form completely and accurately filled out along with all the documentation to support all the line items.
That will mean that you will have to provide them pay stubs, bank statements, and receipts of all your expenses and copies of all your bills. IRS will carefully review that financial statement and apply your financial statement against the national standards, the regional standards and the local standards in the area in which you live.
How and when IRS will remove and release the tax levy
Once the Internal Revenue Service reviews the 433-F financial statement they will make a determination on how they will close the case and release and remove the IRS tax Levy.
As a general rule there are three closing methods.
The Internal Revenue Service will either determine that at this current time you are non-collectible and place your case into an economic tax hardship.
IRS may determine that you have excess income because of the national standard test they are applying and determined that you should make an installment or payment arrangement.
Or lastly, may make a recommendation that you are a good and suitable candidate for offer in compromise.
After the Internal Revenue Service speaks to the power of attorney or the taxpayer they will determine the closing method. ( this can be appealed )
IRS will then go ahead and release and remove the IRS tax Levy. It is always best for the power of attorney or the taxpayer to have on hand the fax number for the person who can release the funds that are being held up by the IRS tax Levy. IRS as a general rule will immediately fax the release or removal of the tax Levy to the point person so the release can take place ASAP.
If you do not like the IRS decision you can appeal the finding by the Agent, ask to speak to the manager
You will find many times that the agents over the telephone in the a ACS unit are very unreasonable.
Do not fear the IRS in this situation. Ask to speak directly to the group manager or area manager and prove your point.
Many taxpayers back off because the authority and the power that IRS have, whatever you do not be bullied by the Internal Revenue Service, you have appeal rights.
Contact us today if this is your situation
Are you a settlement candidate for an Offer in Compromise
The new fresh start program for the IRS offer in compromise .
Offers in Compromise
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements.
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.
For more on this you should contact our office today and speak to a former IRS agent and manager who knows the exact process and system of how to settle your case with the Internal Revenue Service.
You can also find a pre-qualifier tool on our website if you wish to try this by yourself.
Contact us today and speak directly to tax attorneys, certified public accountants, or former IRS agents and managers.
IRS Tax Levy – How to Deal and WIN with the IRS – Levy Removed & Released
