IRS Tax Levy Tax Help – We can get your Tax Levy Released Now.
We are a local South Florida tax firm specializing in IRS Tax Relief.
We had been practicing right here in South Florida since 1982 and we are one of the most affordable and experienced tax firms in South Florida.
We can get your IRS tax levy released and work out a tax settlement all at the same time.
We are comprised of Tax Attorney’s, CPA’s and Former IRS Agents.
We have over 250 years of professional tax experience and over 60 years of combined IRS experience right here in the local South Florida IRS offices.
We are A plus rated by the BBB.
Call us today and we will not only get your IRS tax Levy released we will get you the tax help you need.
We will get your IRS case placed into hardship, installment payment status or workout a tax settlement with the Internal Revenue Service. Your current financial statement will dictate how IRS handles your case. You will need to fill out IRS form 433F on our website. It is a required IRS document.
You can call us today for a free initial tax consultation and hear the truth about your case.
What is a IRS Tax Levy?
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens.
A federal tax lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes the IRS may seize and sell any type of real or personal property that you own or have an interest in. For instance,
IRS could seize and sell property that you hold or they could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
A Tax Levy can take place after these three IRS requirements are met:
1. 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.
How service of the IRS Notice must take place.
IRS may give you this notice in;
- person,
- leave it at your home or
- your usual place of business, or
- send it to your last known address by certified or registered mail, return receipt requested.
What Tax Levy Releases does not mean.
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
To help ensure quick action, please have the fax number available for the bank or employer office that is processing the levy.
Note To Employers
Employers generally have at least one full pay period after receiving a Form 668-W, Notice of Levy on Wages, Salary and Other Income before they are required to send any funds from their employee’s wages.
Encourage your employees that have a levy placed on their wages to contact the IRS as soon as possible to discuss a release of levy and resolution of their tax liability.
Requesting a Collection Due Process Hearing
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice.
You must file your request within 30 days of the date on your notice.
Some of the issues you may discuss include:
- You paid all you owed before we sent the levy notice,
- IRS assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
- IRS made a procedural error in an assessment,
- The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
- You did not have an opportunity to dispute the assessed liability,
- You wish to discuss the collection options, or
- You wish to make a spousal defense.
Office of IRS Appeals
At the conclusion of your hearing, the Office of Appeals will issue a determination.
You will have 30 days after the determination date to bring a suit to contest the determination. Refer to Publication 1660 (PDF), for more information.
If your property is levied or seized, contact the employee who took the action. You also may ask the manager to review your case.
If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals.
Levying Your Wages, Federal Payments, State Refunds, or Your Bank AccountIf we levy your wages, salary, federal payments or state refunds, the levy will end when:
- The levy is released,
- You pay your tax debt, or
- The time expires for legally collecting the tax.
Bank Account Levies
If we levy your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days. This holding period allows time to resolve any issues about account ownership.
After 21 days, the bank must send the money plus interest, if it applies, to the IRS. To discuss your case, call the IRS employee whose name is shown on the Notice of Levy.
Filing a Claim for Reimbursement When We Made a Mistake in Levying Your Bank Account
If you paid bank charges because of a mistake we made when we levied your account, you may be entitled to a reimbursement. You will have 30 days to appeal the determination to the Tax Court.
If you live in South Florida and you need tax relief from an IRS tax Levy we can give you the tax help that you need.
IRS Tax Levy Tax Help – Ft.Lauderdale, Miami – Former IRS Affordable Experts – Broward Dade County