Former IRS Tells You How Can Stop a IRS Tax Levy + Former IRS

January 5, 2016
Written by: Jim Magary
Fresh Start Tax

 

We are an affordable professional firm that can get your money back on any IRS tax levy. Since 1982.

 

We have of over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service. I have 10 years of direct IRS work experience along with teaching at the regional tax offices of the Internal Revenue Service.

I have issued more IRS bank levies and wage garnishment was that a person can possibly imagine. I know the system on how to get the fastest, quickest, and most affordable way to get an IRS tax levy released and settle your case with the Internal Revenue Service.

I know the IRS systems inside and out and can get you immediate and permanent IRS tax levy relief.

If the Internal Revenue Service has a hold on your bank account or wage garnishment call us today and we can get your money back within 24 hours of receiving a current documented financial statement.

IRS sends bank account wage or bank levies because taxpayers have recent failed to respond to the last or final notices sent.

The IRS has a very systematic way in dealing with tax debt.

IRS  sends a series of 3 to 5 billing notices and if a taxpayer does not respond by the last notice and final notice the IRS enforcement computer automatically sends out bank and or wage garnishment levies to the last known sources they have on their computer system.

 

Where does Internal Revenue Service (IRS) authority to tax levy originate?

The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax. See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.

 

What actions must the Internal Revenue Service take before a tax levy can be issued?

The IRS will usually levy only after these three requirements are met:

• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);

• You neglected or refused to pay the tax; and

• The 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.

The 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. Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy

 

Levy Information

The Internal Revenue Service gets your  levy or garnishment information from your tax return. Your tax return is loaded with info such as 1099s and W-2s and other third-party reporter information.

IRS just has to look at their computer system to get the information from you.

 

  • As soon as your employer gets the wage levy garnishment approximately 80% of your wages will go to IRS, some exemptions apply.
  •  If IRS says that your bank account the money will go to the Internal Revenue Service on the 22nd day.

By calling the Internal Revenue Service and getting them necessary information you can get your wage levy released and your case closed.

Before IRS will releases a tax levy they will need a current documented financial statement to close & case and settle your case off the enforcement computer.

As a general rule the Internal Revenue Service will place you into a tax hardship, or non-collectible status, put you into an installment or monthly payment agreement and you always have the option to file for a tax settlement the offer in compromise.

40% of all open collection cases are put into a tax hardship and over 6.5 million taxpayers aren’t to current IRS payment arrangements.

 

Wage garnishments levies

If you have received a levy on your bank account know that the funds are frozen for a period of 21 days.

Only the funds that were in the bank the day the account was levied are frozen.

You can continue to use the bank account all you wish. On the 22nd day the bank has no choice but to forward the money to Internal Revenue Service.

Upon receipt upon you receiving a notice of a bank account levy, taxpayers should immediately call the Internal Revenue Service with a fully documented financial statement. you can get a levy release within 24 hours of IRS receiving that financial statement.

Please be advised that IRS has the option to ask all tax returns be filed and up-to-date.

Do you know if you can settle your tax debt for pennies on a dollar?

When you call our office we will walk you through the process of quality qualifying you for the offer in compromise program which could help settle your debt for pennies on a dollar. IRS has a pre-qualifier tool to find out if you are a viable candidate. Upon your call we will review this for you.

We are a full-service firm with all work being done in-house. we can handle any IRS or state tax problem. We are A+ rated by the Better Business Bureau.

Call us today to learn more about how to get an immediate release of wage garnishment levies.

Former IRS Tells You How Can Stop a IRS Tax Levy + Former IRS

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