by Jim Magary | Jan 8, 2016 | Tax Help
Affordable Former IRS Agents Can Stop IRS Tax Levy, Wage Garnishments, NOW + Since 1982 + 954-492-0088
We are former local IRS agents and managers who know the system can stop an IRS bank levy, wage garnishment levy, or any tax levy you may have received. We can settle your case and tax debt at the same time with the Internal Revenue Service.
We have worked out of the local South Florida IRS and Miami offices and know the system inside and out. as former IRS agents we used to send out bank levies and wage garnishment so it only makes sense that we know the processes and systems to release them.
There is a very specific methodology and process to quickly remove all IRS Bank Levy wage garnishment. Knowing the process saves a lot of time and saves clients money.
Since 1982, we have been providing IRS tax relief for taxpayers in South Florida to stop any IRS audit or collection problems.
We have over 65 years of former IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. As former IRS agents and managers we were teaching instructors and work to supervisors throughout the region.
You can call us today for initial tax consultation and we can walk you through the process within 10 minutes. We are one of the most affordable and experienced professional tax firms nationwide.
How to Stop a IRS Tax Levy, Bank Levy or Wage Garnishment
It is important to know where your cases in the system to begin the stop the IRS tax levy.
Some taxpayers were sent a IRS letter 11 indicating that a tax levy was the next step, while others have been sent a IRS tax levy from the ACS unit out of various IRS offices, while others have been sent tax levies by revenue officers in the local offices.
If you have received IRS letter 11 there is a collection due process hearing that can stop the IRS levy.
If your case is in the ACS unit or the local office we can simply send over a power of attorney and start negotiation power to go ahead to get an immediate levy release and settle your IRS case at the same time.
Final Notices before IRS Tax Levy Garnishment
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.
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:
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.
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.
Billing Notices for IRS Tax Levies & Garnishments
The IRS will send out final notices before levies and seizures after they generally send out a series of five billing notices.
On the fourth notice, taxpayers will receive their final notice in which they can go ahead and file with the appeals division of Internal Revenue Service to stop the levy.
Not only can we go ahead and stop the IRS notice of intent to levy, we can settle your case at the same time.
All your tax returns are going to have to be filed and if that is an issue for you, with or without tax records we can prepare your tax returns.
How IRS Settles Tax Debt
As a general rule, the Internal Revenue Service will take your current financial statement and after they reviewed your documented financial statement there is generally two ways IRS closes cases.
IRS generally closes your case by taxpayers putting you into a:
1.currently not collectible statuses or,
2. ask for a monthly payment agreement.
Some taxpayers can be eligible for the offer in compromise program to settle their debt for pennies on the dollar.
When we review every case we find out if you are offer in compromise candidate to make this happen.
Last year IRS accepted 38,000 taxpayers to settle their debt to the offer in compromise program for an average of $6500 per settlement.
We will carefully review your current financial statement and make sure you get the best possible settlement with Internal Revenue Service.
We are a full service tax firm specializing in IRS collection and audit matters. since 1982, we are A+ rated by the Better Business Bureau.
Call us today for a free initial tax consultation in here the truth about your case in the different ways you can settle your tax debt.
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by Jim Magary | Jan 8, 2016 | Tax Help
Affordable Local Former IRS Agents who know the system, Since 1982, we have a variety of options to review with you.
Since 1982, we are a full service tax firm that specialize in IRS and state tax services. as former IRS agents and managers who worked at a local self Florida Miami offices.
We know the system inside and out.
We taught out of the regional training centers of the Internal Revenue Service and we were on-the-job instructors. We are one of the most experienced, professional and affordable tax firms in South Florida.
1. All work is done in-house by true IRS tax experts
2. We have over 206 years of professional tax experience.
3. We specialize in IRS tax problem help services.
We can remove an IRS tax levy garnishment within 24 hours of receiving your current financial statement, talk to you about the removal of a federal tax lien, represent you during an IRS tax audit, file any and all back tax returns and talk you about the settlement of your tax debt through the offer in compromise.
From a simple IRS notice or letter to going to Tax Court, we have a solution.
In most cases in which back taxes our owed, your financial statement is the key to tax resolution. Professional experience is key to resolving any tax problem.
Received a IRS Tax Levies, Wage Garnishment
The Internal Revenue Service levies approximately 1.8 million taxpayers each and every year and this figure includes and bank & wage garnishments.
The IRS is very generous with their enforcement action.
If you have been levied you are not alone.
If you have not responded to an IRS final notice they systematically send out an IRS tax levy from their CADE2 computer system.
As a general rule, IRS sends out a series of billing notices to the last known address.
The IRS billing notices or five weeks apart. You must respond to final notices.
If you do not respond to the IRS last notice, the 1058, you can expect the tax lien or tax levy to show up within 30 days of receiving the notice.
IRS usually does not miss a follow-up date.
Before IRS will release the levy many times they want all on file tax returns in their hand to make sure you are in full compliance. We can prepare all your back tax returns.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement.
If the cases in the local office the revenue officer will require form 433a.
The revenue officer is a much more seasoned IRS agent and especially geared for higher dollar IRS collection cases.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released within 24 hours. The sooner you get a sure financial statement the sooner you get your money back from the Internal Revenue Service.
IRS usually closes a case by putting a case in a
1. tax hardship, this is also called currently not collectible, over 40% of all outstanding IRS back taxes are put in the status,
2. having a taxpayer into a monthly installment agreement, over 6.5 million taxpayers have yearly installment agreements.
3. telling them they may qualify for an offer in compromise your tax debt settlement.
Offer in Compromises are very tricky and should only be turned in by true tax professionals.
IRS is very strict about their offer process. Right now there are over 7500 cases sitting in the queue. anyone wishing to file an offer in compromise should walk to the pre-qualifier tool to make sure they are an eligible candidate so they don’t waste time and money.
Please remember your current financial statement will determine the outcome of your case therefore it is critical to have a tax professional complete the financial information.
If you have back tax returns to file, you can have former IRS agents ensure that you are paying the lowest amount of tax allowed by law.
IRS Offer in Compromise/ IRS Tax Debt
If you wish to settle your tax debt, we can have former IRS revenue officers who worked the offer in compromise program settle your tax debt if and only if you were a true candidate for a tax debt settlement called an offer in compromise.
We do not file an offer in compromise for a tax debt settlement unless you are a qualified candidate.
We walk all our clients through the process.
Approximately 38% of all taxpayers who file an offer in compromise get accepted by the Internal Revenue Service however you must be a qualified candidate.
The average settlement is $6500 per case but that is just the national average.
Call us today for a free initial tax assessment.
Affordable IRS Tax Problem Services Help + IRS Levy, Wage Garnishments + Tax Liens + IRS Audits + Back Tax Returns + 1
by Jim Magary | Jan 8, 2016 | Tax Help
We are a local South Florida tax firm that specializes in all IRS problems, former IRS agents and managers, since 1982.
As former IRS agents and managers we worked out of the local South Florida offices specifically, we worked out of the Miami, North Miami and Fort Lauderdale office.
We also worked as managers, supervisors and teaching instructors.
We know all the IRS systems inside and out we have worked both sides of any IRS problem and know the protocols and methodologies to resolve any IRS matter.
Haven’t Filed Back Tax Returns, you are not alone the tax gap is $450 billion.
Filing back tax returns is not an issue for our firm. We have prepared thousands of back tax returns with or without tax records.
There is a very systematic way to do this and it is called income tax reconstruction.
We take the methodologies learned at Internal Revenue Service and apply the best practice standards to go ahead and prepare your back tax return and make sure you pay the lowest amount allowed by law.
On cases where taxpayers have received notices, we send IRS a power of attorney so you will never have to speak to IRS and we handle all the correspondence.
From there we go ahead and start the preparation of our tax return process by pulling IRS transcripts and any available records. From there, we submit the tax returns to IRS at the same time work out a remedy or solution if you’re go to owe back tax debt.
IRS Tax Debt Settlements
If you need to settle your tax debt with Internal Revenue Service, as a general IRS will want to current financial statement to make a determination. You will need to do that on the IRS form 433A or 433F.
As a general rule upon your submission of your current documented financial statement
IRS will either place you went into:
1.currently not collectible file (hardship) or ,
2. ask you for a monthly payment.
Many taxpayers are eligible for the offer in compromise program to settle their debt for pennies on the dollar.
Last year over 38,000 taxpayers settle their tax debt for an average of $6500 per case. Keep in mind that is just an average national average in your case is completely dependent on your current financial statement.
Before you file for offer in compromise it is wise to fill out the IRS pre-qualifier tool to make sure you were a viable candidate and don’t waste any money.
When you call our office we will be review with you the various options you have to completely and permanently remedy all your IRS tax problems once and for all.
We are a full-service firm that specializes in IRS tax relief. With over 206 years of professional tax experience and over 65 years of combined work experience.
We are one of the most affordable, experience, and trustworthy firms in the South Florida area.
Haven’t Filed Back Tax Returns + IRS Tax Debt Settlement + Payment Plans + IRS Levies, Liens + 33316, 33304, 33315, 33304, 33019
by Jim Magary | Jan 8, 2016 | Tax Help
We are a local South Florida tax firm that specializes in all IRS problems, former IRS agents and managers, since 1982.
As former IRS agents and managers we worked out a local South Florida offices specifically, we worked out of the Miami, North Miami and Fort Lauderdale office. We also worked as managers, supervisors and teaching instructors.
We are also on-the-job training trainers.
We know all the IRS systems inside and out we have worked both sides of any IRS problem and know the protocols and methodologies to resolve any IRS matter.
Need to Filed Back Tax Returns
Filing back tax returns is not an issue for our firm.
We have prepared thousands of back tax returns with or without tax records.
There is a very systematic way to do this and it is called income tax reconstruction.
We take the methodologies learned at Internal Revenue Service and apply the best practice standards to go ahead and prepare your back tax return and make sure you pay the lowest amount allowed by law.
On cases where taxpayers have received notices, we send IRS a power of attorney so you will never have to speak to IRS and we handle all the correspondence.
From there we go ahead and start the preparation of our tax return process by pulling IRS transcripts and any available records. From there, we submit the tax returns to IRS at the same time work out a remedy or solution if you’re go to owe back tax debt.
Tax Debt Settlements
If you need to settle your tax debt with Internal Revenue Service, as a general IRS will want to current financial statement to make a determination. You will need to do that on the IRS form 433A or 433F.
As a general rule upon your submission of your current documented financial statement IRS will either place you went into:
1.currently not collectible file (hardship) or ,
2. ask you for a monthly payment.
Many taxpayers are eligible for the offer in compromise program to settle their debt for pennies on the dollar.
Before you file for offer in compromise it is wise to fill out the IRS pre-qualifier tool to make sure you were a viable candidate and don’t waste any money.
When you call our office we will be review with you the various options you have to completely and permanently remedy all your IRS tax problems once and for all.
We are a full-service firm that specializes in IRS tax relief. With over 206 years of professional tax experience and over 65 years of combined work experience.
We are one of the most affordable, experience, and trustworthy firms in the South Florida area.
Need To File Back Tax Returns + Settle Tax Debt With IRS + Payment Plans + Offer in Compromise + 33308, 33334, 33304, 33305, 33301
by Jim Magary | Jan 8, 2016 | Tax Help
We are an affordable professional tax firm with over 65 years of direct IRS work experience. Since 1982. We worked out of the local South Florida IRS offices.
We are tax experts in all IRS matters including the OFFER IN COMPROMISE PROGRAM.
The answer is yes you can settle with IRS for pennies on the dollar but read this entire post. Last year the national rate was 38% acceptance of offers in compromise.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
You could hear the truth about the offer in compromise program when you call us.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
I was a former IRS agent and teaching instructor. I know the system inside and out. as a former IRS agent I used to accept and reject offers in compromise.
I have heard countless horror stories from taxpayers who called me about firms that have ripped them off promising settlements.
There is a very specific system and methodology to get an offer in compromise approved for pennies on the dollar. Last year 38,000 taxpayers had their cases accepted.
As a former IRS agent I taught the offer in compromise program at the district training center as a former employee.
The question is pennies on the dollar possible?
Yes it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year. There were a total of 78,000 applications for the pennies on the dollar, offer in compromise program last year.
With that being said there is much to say about this pennies on the dollar program called the offer in compromise.
Not everybody is eligible for the pennies on the dollar, offer in compromise program. At our firm we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS and in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
I would suggest anyone who wants to go ahead and settle their tax debt through the pennies on the dollar, offer in compromise program contact an experienced an honest tax professional, have them walk them through the pre-qualifier tool before they give their money to anybody.
If you have any questions or issues about the offer in compromise program to settle your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
OIC Program to Settle For Pennies On a Dollar
What is a OIC?
An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS will consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS generally approves an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Make sure you are eligible to settle for pennies on a dollar!
Before the IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submitting your offer to settle for pennies on a dollar
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).
Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option for the pennies on a dollar OIC
Your initial payment will vary based on your offer and the payment option you choose:
• Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application.
Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process of OIC
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today for free initial tax consultation to see if you are a certified an eligible candidate for the offer in compromise program.
We call our office you will speak to a true IRS tax professional. So yes pennies on a dollar is possible, however make sure you’re a qualified candidate.
Call us today for a free initial tax consultation and speak to a true IRS expert about the offer in compromise the way to settle your tax debt for pennies on a dollar if you qualify.
Offer in Compromise + Settle Tax Debt + Pennies On a Dollar + Former IRS Explains the Offer in Compromise + Ft.Lauderdale + Miami
