by Jim Magary | Mar 24, 2016 | Tax Help
We are Affordable professional tax firm that can stop an IRS tax levy immediately. Since 1982, Specialty Experts
As Former IRS Agents and managers, we are your best course of action to immediately stop a IRS tax levy and settle your debt all at the same time.
We are the affordable professional firm that knows the system inside and out. We have release thousands of IRS tax levies both bank account levies, wage garnishment levies and third-party levies.
If you have been levied by the Internal Revenue Service you are not alone.
Last year over 1.8 million taxpayers received an IRS bank levy or wage garnishment levy.
It is one of the largest collection tools used in employed by the Internal Revenue Service to collect back taxes. We have agents at her office that have a specialty and expertise to get your levy released in your case closed at the same time. we are a true IRS tax levy release center that gets immediate and permanent results.
We are composed of CPAs and former IRS agents who have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service. As former IRS agents we used to levy bank accounts and wage garnishments, so it only makes sense we know this process inside and out.
There is a very specific system used to get an IRS tax levy released, whether it be a bank levy or wage garnishment levy. Being former IRS agents we know the system and can get immediate results. Not only were we former IRS agents and teaching instructors we also taught new IRS agents or jobs.
We understand all the systems, formulas, and all the protocols to get an immediate relief of a IRS tax levy. Knowing the system makes this a streamlined process and is able to get faster and quicker tax relief.
Not only can we stop your IRS tax levy right now and settle your case at the same time.
Within 24 hours of receiving your current documented financial statement we can get an IRS bank levy or wage garnishment levy released and settle your case all at the same time.
To get your levy released we call IRS with the documented financial statement and settle on a disposition of the case and IRS at that time will fax or mail out the release while on the phone.
If IRS’s sent you a notice that the next course of action is Levy we can stop that immediately. We will file a power of attorney contact IRS close your case off the enforcement computer.
Generally, we can do this with a couple of days. If you’ve already received the tax levy as a general rule, within 24 to 48 hours of receiving your current financial statement we can get your levy released. You will never speak to Internal Revenue Service. Avoid the tax Levy today by contacting us.
How IRS will close your case off the IRS Enforcement Computer
IRS will close and settle your case generally one of three ways.
After a review of your current financial statement (433f ) IRS will place you either into :
1.currently not collectible status, this is also called hardship status.
2. ask you for a monthly payment agreement or and installment agreement,
3. you could submit an offer in compromise if you are a qualified and suitable candidate. When you call us on the phone we will go over the offer in compromise program with you.
We will review with you your options to find out which is the best fit based on your current financial condition. Remember, your documented financial statement holds the key.
Call us today for a free initial tax consultation.
If you have received an IRS tax levy relief is just a phone call away.
The IRS tax levy relief center, hear the truth about your case, since 1982.
IRS Tax Levy Relief Center NOW + Former IRS + Settle Debt At the Same Time
by Jim Magary | Mar 24, 2016 | Tax Help
Charitable Donation & the IRS
If you gave money or goods to a charity in 2015, you may be able to claim a deduction on your federal tax return.
1. Qualified Charities.
You must donate to a qualified charity. Gifts to individuals, political organizations or candidates are not deductible.
An exception to this rule is contributions under the Slain Officer Family Support Act of 2015. To check the status of a charity, use the IRS Select Check tool.
2. Itemize Deductions.
To deduct your contributions, you must file Form 1040 and itemize deductions. File Schedule A, Itemized Deductions, with your federal tax return.
3. Benefit in Return.
If you get something in return for your donation, you may have to reduce your deduction. You can only deduct the amount of your gift that is more than the value of what you got in return.
4. Type of Donation.
If you give property instead of cash, your deduction amount is normally limited to the item’s fair market value.
Fair market value is generally the price you would get if you sold the property on the open market.
If you donate used clothing and household items, they generally must be in good condition, or better, to be deductible.
Special rules apply to cars, boats and other types of property donations.
5. Form to File and Records to Keep.
You must file Form 8283, Non-cash Charitable Contributions, for all non-cash gifts totaling more than $500 for the year.
If you need to prepare a Form 8283, you can prepare and e-file your tax return for free using IRS Free File. T
he type of records you must keep depends on the amount and type of your donation. To learn more about what records to keep see Publication 526.
6. Donations of $250 or More.
If you donated cash or goods of $250 or more, you must have a written statement from the charity. It must show the amount of the donation and a description of any property given.
It must also say whether you received any goods or services in exchange for the gift.
by Jim Magary | Mar 24, 2016 | Tax Help
We are affordable professional tax firm that can stop an IRS tax levy immediately& work out a debt settlement negotiation.
Call us for a free initial tax consultation and learn how to get an IRS bank levy released right now and negotiate your case all at the same time.
We are composed of CPAs and former IRS agents who have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
There is a very specific system and process used to get an IRS tax levy released, whether it be a bank levy or wage garnishment levy. Being former IRS agents we know the process
Not only were we former IRS agents and teaching instructors we also taught new IRS agents or jobs.
We understand all the systems, processes, formulas, and all the protocols to get an immediate relief of a IRS tax levy.
Knowing the system makes this a streamlined process and is able to get faster and quicker tax relief.
We can stop your IRS tax levy right now and settle/negotiate your case at the same time.
Within 24 hours of receiving your current documented financial statement we can get an IRS bank levy or wage garnishment levy released and settle your case all at the same time.
The IRS Levy Relief Process
You should know that IRS finds no joy in issuing bank and wage garnishment levies.
It simply does so because taxpayers did not respond to final IRS notices.
Per the IRM, IRS must follow-up with enforcement action. IRS collects billions of dollars a year through the enforcement tool of an IRS bank and wage garnishment levy.
The process to get your levy release is simple, IRS will need to review your current documented financial statement come to a conclusion on your case and then close it off their enforcement system. Please keep in mind, all tax returns must be filed.
IRS will close and settle and negotiate your case generally one of three ways.
After a review of your current financial statement (433f ) IRS will place you either into :
1.currently not collectible status,
2. ask you for a monthly payment agreement or.
3. you could submit an offer in compromise if you are a qualified and suitable candidate.
We will review with you your options to find out which is the best fit based on your current financial condition. Remember, your documented financial statement holds the key.
Call us today for a free initial tax consultation.
What is a IRS Tax Levy?
A levy is a legal seizure of your property to satisfy a tax debt. Tax Levies are different from Tax 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 (IRS) authority to 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.
IRS generates 1.8 million tax levies a year. This is one of the largest sources of IRS collection tools.
What actions must the Internal Revenue Service take before a IRS tax levy can be issued?
The IRS will/can usually levy only after these three requirements are met:
1• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2• You neglected or refused to pay the tax; and
3• 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.
When will the IRS issue IRS tax levies/ garnishment?
If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.
For instance, the IRS 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).
Stop your IRS tax levy within 48 hours and settle your case at the same time.
Call us today for free initial tax consultation. since 1982 we have been immediately stopping IRS tax levies and settling tax debt through the IRS debt settlement negotiation process.
Stop a Tax Levy NOW + IRS Debt Settlement Negotiation NOW, Since 1982
by Jim Magary | Mar 23, 2016 | Tax Help
As former IRS agents and managers we can help get your money back, since 1982, the affordable professional tax firm.
We have over 206 years of professional tax experience and we are A+ rated by the Better Business Bureau.
If IRS has seized your money we can immediately send a power of attorney and to Internal Revenue Service find out the source of the problem and start the process of getting your money back immediately.
We know the system inside and out.
We have over 65 years of working directly for Internal Revenue Service, in the local, district, and regional tax offices of the Internal Revenue Service.
As former IRS agents we actually used to seize money of taxpayers, businesses, and corporations that owe tax debt.
There are definitive solutions to get your money back fast.
After speaking with you for no more than 10 minutes on the phone we can come up with a solution and start the process immediately.
We know all the IRS systems, methodologies, protocols, and the fastest and most affordable way to not only get your money back but and your IRS problem forever.
Not only were we former IRS agents and managers, we were teaching instructors.
Call us today for a free initial tax consultation.
IRS Seized Your Money + STOP IRS NOW + Immediate Help, Former IRS Agents
by Jim Magary | Mar 23, 2016 | Tax Help
Employer Shared Responsibility Provisions
The health care law includes the employer shared responsibility provisions, which require applicable large employers to offer health coverage to full-time employees and their dependents.
Those that do not offer coverage might be subject to the employer shared responsibility payment.
Facts about these provisions.
1. These provisions apply to applicable large employers, which includes tax-exempt and federal, state, local and Indian tribal government employers.
You’re an applicable large employer if you have 50 or more full-time employees, including full-time equivalents.
2. If you have fewer than 50 full-time employees, including full-time equivalents, you are not an applicable large employer and are generally not subject to these provisions.
However, you are subject to the rules for large employers if you have fewer than 50 employees, but are a member of an ownership group that has 50 or more full-time equivalent employees,
3. Under certain conditions relating to the employer’s maintenance of workforce and pre-existing health coverage, an employer won’t be assessed a payment for 2015.
This transition relief is available for tax year 2015 for certain ALEs who have fewer than 100 full-time employees, including full-time equivalents. .
4. You are subject to the payment if at least one full-time employee receives the premium tax credit and any one of these conditions apply.
Your organization:
• failed to offer coverage to full-time employees and their dependents
• offered coverage that was not affordable
• offered coverage that did not provide a minimum level of coverage
5. You do not report or include an employer shared responsibility payment with any information return you file.
6. The IRS will contact you about your potential shared responsibility payment amount.
You’ll have an opportunity to respond before the IRS assesses any liability or issues a notice and demand for payment.
