by Fresh Start Tax | May 2, 2019 | Tax Help
If the Internal Revenue Service has sent your bank a tax levy, wage garnishment and you wish to get an immediate release, call us today. Since 1982. Former IRS Agents.
We have worked the system and we know the system to get immediate IRS bank and tax wage garnishments released.
We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.
We are a local South Florida tax firm that has worked out of the South Florida IRS offices.
We are true experts in IRS bank levies. As former IRS agents we have filed hundreds and hundreds of bank lobbies so we know the process of getting immediate releases of the documents.
When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.
Feel free to come into our office, Skype us, or call us by phone for free initial tax consultation and we will walk you through the process of getting immediate releases of a banker wage garnishment levy.
There is a very methodical way to get your IRS levy released.
IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise. After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.
As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.
Information you need to know about the IRS bank levy.
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Tax Levies are different from IRS 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.
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. If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.
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.
When will the IRS issue a levy?
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). Or, the IRS could seize and sell property that you hold (such as your car, boat or house).
What if a levy on my wages, bank, or other account is causing a hardship?
If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.
An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.
When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.
The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.
In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.
IRS Wage Levies may Follow 688W
If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:
• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.
Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.
The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.
Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days.
If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero). If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.
Levies are different from liens.
A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.
A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).
When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.
Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.
Call us today for free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.
To recap everything, if you have an IRS bank levy or wage garnishment and you need an immediate release call us today we can handle any IRS tax problem you have
Once again, we are A+ rated by the BBB and have been in practice since 1982.
IRS Tax Bank Levies, Wage Garnishment + GET RELEASES NOW + ALL IRS Tax Problems * former irs agents + Parkland, Coral Springs, Cooper City, Weston, Coconut Creek
by Fresh Start Tax | May 2, 2019 | Tax Help
If the Internal Revenue Service has sent your bank a tax levy, wage garnishment and you wish to get an immediate release, call us today. Since 1982.
We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.
We are a local South Florida tax firm that has worked out of the South Florida IRS offices.
We are true experts in IRS bank levies. As former IRS agents we have filed hundreds and hundreds of bank lobbies so we know the process of getting immediate releases of the documents.
When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.
Feel free to come into our office, Skype us, or call us by phone for free initial tax consultation and we will walk you through the process of getting immediate releases of a banker wage garnishment levy.
There is a very methodical way to get your IRS levy released.
IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise. After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.
As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.
Information you need to know about the IRS bank levy.
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Levies are different from IRS 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.
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. If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.
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.
When will the IRS issue a levy?
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). Or, the IRS could seize and sell property that you hold (such as your car, boat or house).
What if a levy on my wages, bank, or other account is causing a hardship?
If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.
An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.
When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.
The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.
In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.
IRS Wage Levies may Follow 688W
If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:
• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.
Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.
The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.
Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days. If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero). If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.
Levies are different from liens.
A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.
A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).
When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.
Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.
Call us today for a free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.
To recap everything, if you have an IRS bank levy or wage garnishment and you need an immediate release call us today we can handle any IRS tax problem you have. Once again, we are A+ rated by the BBB and have been in practice since 1982.
IRS Bank Levies, Wage Garnishment + FAST RELEASES + ALL IRS Tax Problems * former irs agents + Southwest Ranches, Sunrise, Plantation, Davie, Dania Beach
by Fresh Start Tax | May 2, 2019 | Tax Help
We are a local tax firm specializing in IRS tax matters. Since 1982, A plus Rated, BBB. Former IRS Agents who know the system.
As former IRS agents we worked out of the local, district and regional tax offices of the South Florida IRS offices.
We know all the systems, all the methodologies, to help completely resolve your IRS matter whether you have unfiled taxes are unpaid tax bills.
The bottom line, we are the affordable tax FIRM that knows the system, we are located in your backyard.
If you need tax help with the Internal Revenue Service and you received an IRS tax levy, or tax garnishment as a general rule we can get the tax levy or tax garnishment released within 24 hours of receiving your current financial statement.
If you have a federal tax lien we can explore the various options with you to find out how to get you immediate relief.
If you received a notice or letter from Internal Revenue Service that the government is trying to collect unpaid taxes and you need to file tax returns you may want to jump on this right away.
IRS considers this a double whammy.
IRS classifies cases by filing and paying status and if you have unfiled taxes and owe back tax, you got a double bonus with IRS and this is more of a serious nature to Internal Revenue Service than a simple filing issue.
The Internal Revenue Service will keep a close eye on this case.
Why do I know that?
I am a former IRS agent and teaching instructor and taxpayers that have not filed and paid their tax bill and have unpaid taxes our watched more closely because these cases can get out of hand a lot quicker and IRS want keep a tight watch to make sure these type of cases do not get out of control.
The dollar the unpaid taxes in the amount of tax returns not filed are a key issue to the IRS’s watchful eye.
IRS usually assigns more seasoned agents or officers on this case to make sure the taxpayer stays in both paying and filing compliance. This is why you may want to call us.
We are former IRS agents and managers who know the systems and methodologies involved in dealing with the Internal Revenue Service.
Whatever you do take this serious because IRS will tend to follow-up with enforcement action on these cases the get your attention.
What is enforcement action:
You can probably expect the filing of a federal tax lien, the possibility of wage or bank levy garnishments and maybe a knock on your door asking for a financial statement in the threat of virus seizing assets.
A simple call to the IRS giving them the information they need will stop IRS.
By giving us a simple power of attorney and retaining us, we can stop the IRS and work out an agreement that you can live with and in the meantime file your returns to keep IRS happy.
How does IRS settle back taxes
As former IRS agents we are asked many times how IRS settles back debt cases.
As a general rule, IRS will take a current documented financial statement om a 433F or 433A.
After IRS reviews your financial statements and applies their national, regional, localized standards IRS will determine to either place your account in a temporary hardship, ask for a monthly payment agreement or you may be eligible for an offer in compromise to settle your tax debt.
The financial statement will be the key to the result of your case if you will back taxes.
Call us today for a free initial tax consultation.
We have over 200 years of combined IRS work experience, over 100 years of direct IRS work experience and have worked thousands of cases.
We are A+ rated by the Better Business Bureau and been in practice since 1982.
Once again if you need tax help and you received an IRS tax levy, tax lien, tax garnishment or undergoing an IRS tax audit, call us today and we can give you the very best advice by using our former IRS experience to render you the best decision possible.
IRS Tax Help + Levy’s, Liens, Garnishments, Audits, Notice, Letters, Settlements * former irs + Southwest Ranches, Sunrise, Plantation, Davie, Dania Beach
by Fresh Start Tax | Apr 30, 2019 | Tax Help
Did the Internal Revenue Service terminate your payment agreement, call former IRS agents to get immediate help.
It is important when IRS terminates your payment agreement you get help immediately because IRS will send the case out to the field and you do not want that to happen. you need to nip this in the bud.
VERY IMPORTANT NOTE: It is important that you call the service center immediately and let them know that you want your payment agreement reinstated so IRS does not require a new financial statement and one all current documentation to support it.
Many times taxpayers will not get the agreement they want an IRS will require more money on their payment agreement.
If you have any questions or problems call us today. We are former IRS agents with 200 years of direct work experience.
Why did IRS Issues the CP 523H
IRS issues a CP523H notice when we intend to terminate your installment agreement.
Answers to Common Questions
What is the notice telling me?
That we intend to terminate your installment agreement and why we’re taking this action.
What is the shared responsibility payment?
The shared responsibility payment (SRP) amount you owe is the assessed payment for not having minimum essential health coverage for you and, if applicable, your dependents per Internal Revenue Code Section 5000A.
How much time do I have?
You should contact us as soon as possible but no later than 30 days from the date of the notice.
Will I be charged interest on the money I owe?
Yes, interest will continue to accrue if you don’t full pay the amount you owe by the date on the payment coupon.
Will I receive a penalty if I can’t pay the full amount?
No, penalties do not apply to the SRP The law prohibits the IRS from using liens or levies to collect any individual shared responsibility payment.
However, if you owe a shared responsibility payment, the IRS may offset that liability against any tax refund that may be due to you.
by Fresh Start Tax | Apr 30, 2019 | Tax Help
We are a local tax firm specializing in IRS tax matters. Since 1982, A plus Rated, BBB.
As former IRS agents we worked out of the local, district and regional tax offices of the South Florida IRS offices.
We know all the systems, all the methodologies, to help completely resolve your IRS matter whether you have unfiled taxes are unpaid tax bills.
The bottom line, we are the affordable tax FIRM that knows the system, we are located in your backyard.
If you received a notice or letter from Internal Revenue Service that the government is trying to collect unpaid taxes and you need to file tax returns you may want to jump on this right away.
IRS considers this a double whammy.
IRS classifies cases by filing and paying status and if you have unfiled taxes and owe back tax, you got a double bonus with IRS and this is more of a serious nature to Internal Revenue Service than a simple filing issue.
The Internal Revenue Service will keep a close eye on this case.
Why do I know that?
I am a former IRS agent and teaching instructor and taxpayers that have not filed and paid their tax bill and have unpaid taxes our watched more closely because these cases can get out of hand a lot quicker and IRS want keep a tight watch to make sure these type of cases do not get out of control.
The dollar the unpaid taxes in the amount of tax returns not filed are a key issue to the IRS’s watchful eye.
IRS usually assigns more seasoned agents or officers on this case to make sure the taxpayer stays in both paying and filing compliance.
This is why you may want to call us.
We are former IRS agents and managers who know the systems and methodologies involved in dealing with the Internal Revenue Service.
Whatever you do take this serious because IRS will tend to follow-up with enforcement action on these cases the get your attention.
What is enforcement action:
You can probably expect the filing of a federal tax lien, the possibility of wage or bank levy garnishments and maybe a knock on your door asking for a financial statement in the threat of virus seizing assets.
A simple call to the IRS giving them the information they need will stop IRS.
By giving us a simple power of attorney and retaining us, we can stop the IRS and work out an agreement that you can live with and in the meantime file your returns to keep IRS happy.
Call us today for a free initial tax consultation.
We have over 200 years of combined IRS work experience, over 100 years of direct IRS work experience and of worked thousands of cases.
We are A+ rated by the Better Business Bureau and been in practice since 1982.
Stop Receiving IRS Letters/Notices + Unfiled Taxes, Unpaid Tax Debt Bills + Parkland, Coral Springs, Cooper City, Weston, Coconut Creek
