How Do I Get a IRS Bank Levy Released Today + Former IRS Lets You Know the Truth

December 17, 2015
Written by: Fresh Start Tax

 

Fresh Start Tax

We are the Affordable Tax Firm, Since 1982, specializing in Immediate Bank Levy Releases, since 1982

We have over 65 years of combined IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.

Not only were we former agents, we were teaching instructors and on-the-job trainers to new IRS agents.

We know all the IRS systems, methodologies and the fastest and most affordable way to get in IRS tax bank levy garnishment release. We work the system for a combined 65 years and we know every possible option to make this happen ASAP.

The only thing that slows us down from getting an IRS bank levy as a general rule our clients.

Upon our initial consultation if you can provide your current financial statement along with documentation we can generally get your IRS wage garnishment levy released the very day or within 24 hours.

We can get your money back in your hands from an IRS bank levy, guaranteed.

I have issued many tax levies  for the Internal Revenue Service, probably thousands upon thousands. As a former agent I collected millions of dollars through bank levies system.

Taxpayers should know that the Internal Revenue Service does not like sending out wage garnishments levies, I know it’s hard to believe but they find no pleasure in taking money from your bank account or your wages.

The IRS sends out an IRS tax levy or wage garnishment simply because taxpayers fail to call or notify the Internal Revenue Service about their resolving their tax debt that is outstanding.

The IRS has no option but to follow the internal revenue manual which dictates that a IRS wage garnishment or bank levy needs to be sent to seize funds to pay the tax debt.

Last year the Internal Revenue Service out approximately 1.9 million bank levies a wage garnishment notices.

 

The Difference Between a IRS Bank & Wage Garnishment Levy

There is a huge difference between an IRS bank levy and a wage garnishment levy. Both are IRS seizures.

A wage levy is an immediate seizure of your next paycheck with the exception of about a 20% of exemptions that IRS will allow you, there will be a form attachment  to the levy to let you know what exemptions you qualify for.

The IRS bank levy puts a 21 day freeze on the amount of money that was in your bank account on the day  the bank actually received the levy. You are free to use that bank account all you want to make deposits and withdrawals.

The frozen funds will remain in the bank to the 22nd day of the Bank Levy and it is on that day the bank will send the funds to the IRS. So basically you have 21 days to get an IRS levy release.

 

IRS Billing Notices, Know where You are in the System

 

IRS sends out as a general rule five billing notices, and a final notice. Bills are sent from the IRS system on five-week cycles.

The final notice gives the taxpayer has the right to go ahead and ask for a collection due process hearing to stop the process as well as the Internal Revenue Service.

Unfortunately, many taxpayers never get their billing notices because they have moved.

Those situations are very unfortunate. The following is some legal guidelines about an IRS tax levy to help you understand the process.

 

Facts ; 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 lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

 

Where does Internal Revenue Service have authority to levy originate?

The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax.

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 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 on Your State Tax Refund, Notice of Your Right to Hearing after the levy.

 

How Do You Get a Bank Levy  Released FAST

You need to understand and know the procedures of how the IRS works so you can begin the process of getting your tax levy released.

Knowing the process is the key to getting an immediate tax levy released in your case settled by IRS.

The first thing is to contact the by phone the Internal Revenue Service and to let them know how you want to resolve the debt.

Calling the Internal Revenue Service will generally put in freeze or hold on your case the day you call them.

You need to call the number that you find on the notice of levy.

You can expect that you are going to be some time on the phone before an agent picks up. If you call back a second time to complete this process you will speak to another agent somewhere across the United States in one of 14 call centers.

This process is very annoying because sometimes three or four agents will get involve all telling you different things. Hold times are off the charts waiting for IRS to pick up the phone.

The Internal Revenue Service will want an exit strategy on how to resolve your case.

As a general rule, the Internal Revenue Service will take a 433F financial statement, you can find that directly on our website. The IRS will want your financial statement completely verified and documented.

The Internal Revenue Service will apply the national, and local standards of expenses against your current income. You must know how the national standards works to get a fair settlement and a tax levy release from the Internal Revenue Service.

Upon your consultation to our office will review all procedures with you.

As a result of this process there are generally two avenues that IRS will close your case and give you an immediate and fast release of the IRS tax levy.

The first avenue is to put the case into a currently not collectible file or hardship, that means that your case will be suspended by Internal Revenue Service for the next 2 to 3 years with IRS having the option to review your case at any point in time that it goes in non-collectible.

If you fail to file a tax return or pay a future tax return your case will work its way back out to the collection division for immediate enforcement.

40% of all taxpayers are put into a currently not collectible status upon first review by IRS.

The second option is to be placed into an installment or monthly payment.

6.5 million taxpayers enter into monthly installment payments to resolve their tax debt.

Depending on your current financial statement determines the time and length of the payment.

Many taxpayers can settle their debt through the offer in compromise and the new fresh start initiative.

Call us today for a free initial tax consultation and we will walk you see the process of giving getting an immediate tax levy release.

We have been in private practice since 1982 we are tax specialists experts on the resolution of IRS tax levies and settlements.

One final note, is important to have all your returns filed and be in full compliance with the Internal Revenue Service.

The IRS has the right not to release a bank levy or wage garnishment levy until all tax returns are filed. Full compliance is a must.

When you call our office you will speak to a true IRS tax professional and not a salesperson. We are a full service tax firm.

Since 1982, we are A+ rated by the Better Business Bureau.

 

How Do I Get a IRS Bank Levy Released Today + Former IRS Lets You Know

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