With a combined 60 years of direct IRS work experience we can stop IRS levies and settle your case.
Have Former IRS Agents and Managers STOP your IRS Bank Tax Levy or Wage Garnishment.
Get Your Paycheck and Bank Money Back in Your Pocket.
If you have received a IRS paycheck wage garnishment or an IRS bank tax levy contact us today to get immediate tax relief for both situations.
As former IRS agents and managers we issued thousands of paycheck wage garnishment levy’s and IRS bank tax levies when we worked for the IRS and as a result we know the fastest and most expeditious way to get the money back in your pocket.
We can get you immediate releases of paycheck wage garnishments and IRS bank tax levies as soon as we can get your documented financial statement in hand.
As a general rule we can get this relief within 24 hours.
Not only can we stop your paycheck wage garnishment or your IRS bank tax levy we can work out a tax settlement.
If you have to file back tax returns we can get you current with the Internal Revenue Service even if you have little or no tax records.
The Process of Getting your Bank and Payroll Money Back
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage Garnishment and Bank Levies, yes thousands.
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 the IRS.
2. FST 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.
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 documented 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. IRS will either place your case into an economic tax hardship, as for monthly installment agreement or recommend a tax settlement.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
IRS Tax Settlement Agreements or closing your case 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 through the new Fresh Start Program of the IRS
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/ Exceptional Circumstances.
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.
We can solve any IRS problem you have from a simple notice or letter to going to tax court.
Call us today for free initial tax consultation.
Stop IRS Bank & Wage Garnishment Tax Levy with Former IRS Agents – NASHVILLE
