by Fresh Start Tax | Aug 9, 2018 | Tax Help
Call us today and we can help your employee get an immediate release of tax levy and get their life back in order and relieve the stress of you dealing with the Internal Revenue Service.
Get your benefit or Retirement Income and money back NOW. We Know the System.
As former IRS agents we worked out the South Florida IRS offices and know the system to not only settle your case but get your levy released on benefit or retirement income. We are the real deal true experts and specialists in all IRS tax matters.
Upon Your Initial Consultation we will get the necessary information to call Internal Revenue Service and start the process to settle your case.
This is a very easy and seamless process to get your money back and we will be able to settle your case all at the same time.
A current financial statement will be required with all documentation and all tax returns will have to be up to date. We can assist on all of the above and get your life back in order.
If an employer has received any type of IRS notice or garnishment this is what is necessary.
If you get a levy against one of your employees, vendors, customers, or other third party, you must turn over to the IRS any property you have that belongs to the person levied against.
The IRS uses the levy forms described below. Regardless of the IRS form used, a levy attaches to property or rights to property you hold that belongs to the person levied against.
In general, the IRS uses the levy form that contains the most appropriate instructions about how to comply with the levy.
• The IRS generally uses Form 668–W(ICS) or 668-W(C)DO to levy an individual’s wages, salary (including fees, bonuses, commissions, and similar items) or other income.
Form 668-W(ICS) and/or 668-W(C)(DO) also provides notice of levy on a taxpayer’s benefit or retirement income.
• The IRS generally uses Form 668–A(C)DO to levy other property that a third party is holding.
This form is used to levy bank accounts and business receivables.
Employers generally have at least one full pay period after receiving a Form 668-W(ICS) or 668-W(C)DO, Notice of Levy on Wages, Salary and Other Income (or other levy form) before they are required to send any funds from their employee’s wages to the IRS.
Beware + Wage levies are continuous
The Internal Revenue Code allows for continuous levies with respect to wages, salaries and certain other types of property. This means that a levy on wages and salaries continuously attaches until it is released.
Examples of property continuously attached include:
• Salary and wages, and
• Deferred compensation payments, such as retirement or pension income
Amount owed
Levy forms include a “Total Amount Due.”
This amount is calculated through the date shown below the total amount due. Interest and any applicable penalties will continue to accrue after the date shown.
To get an updated payoff figure, the person who owes the tax liability will need to contact the IRS. This information cannot be released to the employer.
A continuous wage levy may last for some time. When all the tax shown on the levy is paid in full, the IRS will issue a Form 668-D, Release of Levy/Release of Property from Levy. The IRS may also release a levy if the taxpayer makes other arrangements to pay their tax debt.
IRS Wage levy exempt amount
In the case of a levy on wages, the employer will pay the employee any amounts exempt from levy. The IRS calculates the exempt amount based on the standard deduction and the number of personal exemptions the employee is allowed.
IRS Publication 1494 (PDF), which is mailed with the Form 668-W(ICS) or 668-W(C)DO, explains to the employer how to compute the amount exempt from levy. A levy includes a Statement of Exemptions and Filing Status.
The employer gives this statement to the employee to complete and return within three days. If the employer does not receive the statement in three days, the exempt amount is figured as if the person is married filing separately with one exemption.
The IRS will notify the employer when the taxpayer is not entitled to levy exemptions.
If a wage levy continues from one calendar year to the next, the employee may submit a new Statement of Exemptions and Filing Status and ask their employer to re-compute the exempt amount.
Bank and other IRS tax levies or Garnishments
When the levy is on a bank, credit union or similar account, the Internal Revenue Code provides for a 21-day waiting period before the bank must comply with the levy.
The waiting period allows the taxpayer 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 U.S. mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.
This means funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds deposited to the account after the date of the levy.
If a release of levy from the IRS is not received within 21 days of receipt of the levy, funds in the account as of the date and time the levy was received must be sent to the IRS.
Follow the instructions on the levy form for remitting levy payments.
Receive Notice of IRS Levy Form 668-W(ICS) and/or 668-W(C)(DO) on Benefit or Retirement Income + Levy Help + Ft. Lauderdale . Miami, Boca Raton
by Fresh Start Tax | Aug 9, 2018 | Tax Help
Call us today and we can help your employee get an immediate release of tax levy and get their life back in order and relieve the stress of you dealing with the Internal Revenue Service.
Get your benefit or Retirement Income and money back NOW. We Know the System.
We were former IRS agents managers and supervisors that have been in business since 1982.
Upon Your Initial Consultation we will get the necessary information to call Internal Revenue Service and start the process to settle your case.
This is a very easy and seamless process to get your money back and we will be able to settle your case all at the same time. A current financial statement will be required with all documentation and all tax returns will have to be up to date. We can assist on all of the above and get your life back in order.
If an employer has received any type of IRS notice or garnishment this is what is necessary.
What To Do:
If you get a levy against one of your employees, vendors, customers, or other third party, you must turn over to the IRS any property you have that belongs to the person levied against.
The IRS uses the levy forms described below. Regardless of the IRS form used, a levy attaches to property or rights to property you hold that belongs to the person levied against.
In general, the IRS uses the levy form that contains the most appropriate instructions about how to comply with the levy.
• The IRS generally uses Form 668–W(ICS) or 668-W(C)DO to levy an individual’s wages, salary (including fees, bonuses, commissions, and similar items) or other income.
Form 668-W(ICS) and/or 668-W(C)(DO) also provides notice of levy on a taxpayer’s benefit or retirement income.
• The IRS generally uses Form 668–A(C)DO to levy other property that a third party is holding.
or example, this form is used to levy bank accounts and business receivables.
Employers generally have at least one full pay period after receiving a Form 668-W(ICS) or 668-W(C)DO, Notice of Levy on Wages, Salary and Other Income (or other levy form) before they are required to send any funds from their employee’s wages to the IRS.
Wage levies are continuous
The Internal Revenue Code allows for continuous levies with respect to wages, salaries and certain other types of property. This means that a levy on wages and salaries continuously attaches until it is released.
Examples of property continuously attached include:
• Salary and wages, and
• Deferred compensation payments, such as retirement or pension income
Amount owed
Levy forms include a “Total Amount Due.”
This amount is calculated through the date shown below the total amount due. Interest and any applicable penalties will continue to accrue after the date shown.
To get an updated payoff figure, the person who owes the tax liability will need to contact the IRS. This information cannot be released to the employer.
A continuous wage levy may last for some time. When all the tax shown on the levy is paid in full, the IRS will issue a Form 668-D, Release of Levy/Release of Property from Levy. The IRS may also release a levy if the taxpayer makes other arrangements to pay their tax debt.
Wage levy exempt amount
In the case of a levy on wages, the employer will pay the employee any amounts exempt from levy. The IRS calculates the exempt amount based on the standard deduction and the number of personal exemptions the employee is allowed.
IRS Publication 1494 (PDF), which is mailed with the Form 668-W(ICS) or 668-W(C)DO, explains to the employer how to compute the amount exempt from levy. A levy includes a Statement of Exemptions and Filing Status.
The employer gives this statement to the employee to complete and return within three days. If the employer does not receive the statement in three days, the exempt amount is figured as if the person is married filing separately with one exemption.
The IRS will notify the employer when the taxpayer is not entitled to levy exemptions.
If a wage levy continues from one calendar year to the next, the employee may submit a new Statement of Exemptions and Filing Status and ask their employer to re-compute the exempt amount.
Bank and other IRS tax levies
When the levy is on a bank, credit union or similar account, the Internal Revenue Code provides for a 21-day waiting period before the bank must comply with the levy.
The waiting period allows the taxpayer 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 U.S. mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.
This means funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds deposited to the account after the date of the levy.
If a release of levy from the IRS is not received within 21 days of receipt of the levy, funds in the account as of the date and time the levy was received must be sent to the IRS.
Follow the instructions on the levy form for remitting levy payments.
Receive Notice of Levy Form 668-W(ICS) and/or 668-W(C)(DO) on Benefit or Retirement Income.
by Fresh Start Tax | Aug 9, 2018 | Tax Help
Call us today and we can help your employee get an immediate release of tax levy and get their life back in order and relieve the stress of you dealing with the Internal Revenue Service.
We were former IRS agents managers and supervisors that have been in business since 1982.
What To Do:
If you get a levy against one of your employees, vendors, customers, or other third party, you must turn over to the IRS any property you have that belongs to the person levied against.
The IRS uses the levy forms described below. Regardless of the IRS form used, a levy attaches to property or rights to property you hold that belongs to the person levied against.
In general, the IRS uses the levy form that contains the most appropriate instructions about how to comply with the levy.
• The IRS generally uses Form 668–W(ICS) or 668-W(C)DO to levy an individual’s wages, salary (including fees, bonuses, commissions, and similar items) or other income. Form 668-W(ICS) and/or 668-W(C)(DO) also provides notice of levy on a taxpayer’s benefit or retirement income.
• The IRS generally uses Form 668–A(C)DO to levy other property that a third party is holding. For example, this form is used to levy bank accounts and business receivables.
Employers generally have at least one full pay period after receiving a Form 668-W(ICS) or 668-W(C)DO, Notice of Levy on Wages, Salary and Other Income (or other levy form) before they are required to send any funds from their employee’s wages to the IRS.
Wage levies are continuous
The Internal Revenue Code allows for continuous levies with respect to wages, salaries and certain other types of property. This means that a levy on wages and salaries continuously attaches until it is released.
Examples of property continuously attached include:
• Salary and wages, and
• Deferred compensation payments, such as retirement or pension income
Amount owed
Levy forms include a “Total Amount Due.”
This amount is calculated through the date shown below the total amount due. Interest and any applicable penalties will continue to accrue after the date shown.
To get an updated payoff figure, the person who owes the tax liability will need to contact the IRS. This information cannot be released to the employer.
A continuous wage levy may last for some time. When all the tax shown on the levy is paid in full, the IRS will issue a Form 668-D, Release of Levy/Release of Property from Levy. The IRS may also release a levy if the taxpayer makes other arrangements to pay their tax debt.
Wage levy exempt amount
In the case of a levy on wages, the employer will pay the employee any amounts exempt from levy. The IRS calculates the exempt amount based on the standard deduction and the number of personal exemptions the employee is allowed.
IRS Publication 1494 (PDF), which is mailed with the Form 668-W(ICS) or 668-W(C)DO, explains to the employer how to compute the amount exempt from levy. A levy includes a Statement of Exemptions and Filing Status.
The employer gives this statement to the employee to complete and return within three days. If the employer does not receive the statement in three days, the exempt amount is figured as if the person is married filing separately with one exemption.
The IRS will notify the employer when the taxpayer is not entitled to levy exemptions.
If a wage levy continues from one calendar year to the next, the employee may submit a new Statement of Exemptions and Filing Status and ask their employer to re-compute the exempt amount.
Bank and other levies
When the levy is on a bank, credit union or similar account, the Internal Revenue Code provides for a 21-day waiting period before the bank must comply with the levy.
The waiting period allows the taxpayer 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 U.S. mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.
This means funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds deposited to the account after the date of the levy.
If a release of levy from the IRS is not received within 21 days of receipt of the levy, funds in the account as of the date and time the levy was received must be sent to the IRS. Follow the instructions on the levy form for remitting levy payments.
What Happens If You Receive IRS TAX Levy For an Employee
by Fresh Start Tax | Aug 8, 2018 | Tax Help
We are true IRS Tax Experts. Specializing in those that have IRS problems in the area of collections and or IRS Audits, Since 1982.
As a former IRS agent and teaching instructor I taught the offer in compromise or tax debt settlement program to seasoned and new IRS agents. We have on staff a former IRS tax audit manager
FREE CONSULTS <>< We know the complete working system of the IRS.
We were managers, supervisors, agents, and brought to the regional offices to train new IRS agents, we know the system because we taught the system.
We handle all aspects of representation from a single notice, to dealing with IRS tax debt to the filing of tax returns, resolving IRS audits there is nothing we can handle, we are a full service tax firm that handles all IRS services and are A+ rated by the Better Business Bureau since 1982.
Knowing the internal workings in the system of IRS is huge advantage to settle IRS tax debt. Your current financial statement and documentation is the key to settle for less.
Last year 78,000 taxpayers filed for an IRS tax debt settlement in over 38% of those were accepted for average settlement a $6500 per case.
IRS tax debt forgiveness is centered around the IRS offer in compromise program.
Keep in mind this is the national average and every case depended on its own financial statement and its own set of facts. It is very possible to settle for pennies on the dollar.
There is an IRS pre-qualifier tool that you can walk through to find out if you are a certified in acceptable candidate to get an IRS tax debt settlement. On your free initial tax consultation we will walk you through the process.
We are experienced and professional IRS tax debt settlement company.
Because of our years of experience in working for the Internal Revenue Service we can assure you of the lowest possible tax settlement if you are a suitable candidate for offer in compromise.
We have a combined 100 years of direct work experience at the Internal Revenue Service. We are composed of tax attorneys, CPAs, and former federal and state tax agents.
If you have any back tax issues with the Internal Revenue Service or have not filed back income/business tax returns, we can settle your case all at the same time.
As a former IRS revenue officer I have worked hundreds of cases and can be very instrumentally in the settling of your case.
We do our own work in-house, most companies sub their work out to backend offices.
We have over 100 years of direct work experience working in the local, district and regional tax offices of the IRS.
We have worked as managers, instructors, and teaching agents.
Some of our staff have put on joint forums with the Internal Revenue Service. We have an excellent working relationship with Uncle Sam.
Need an Offer in Compromise + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements, Owe Back Taxes
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. See your application package for details.
Understand the OIC process to IRS Tax Debt Settlement
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.
You Must have all tax returns filed. Over 16 million taxpayers do not file annual tax returns.
At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens.
We can prepare your back or on file tax returns with little or no tax records.
If the IRS has already filed your back tax returns and they are grossly inaccurate, call us today for us to file for an IRS audit reconsideration.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
If you are undergoing an IRS tax on it you can have a former IRS audit manager represent and defend your tax return take the case to appeals or file a tax court petition we do it all.
Call us today for a free initial tax consultation. Speak to true IRS tax experts.
When you call our offices you will speak directly to the tax expert.
IRS Audit & Collection Representation + Ft. Myers, Naples, Cape Coral + Former IRS Agent
by Fresh Start Tax | Aug 7, 2018 | Tax Help
We are true IRS Tax Experts. Specializing in those that have IRS problems in the area of collections and or Audits, Since 1982.
Local IRS Tax Services, Consulting, & Representation Team 954-492-0088
As a former IRS agent and teaching instructor I taught the offer in compromise or tax debt settlement program to seasoned and new IRS agents.
FREE CONSULTS <>< We know the complete working system of the IRS.
We worked on a local South Florida IRS offices which includes the Miami, Fort Lauderdale and training offices.
We were managers, supervisors, agents, and brought to the regional offices to train new IRS agents, we know the system because we taught the system.
We handle all aspects of representation from a single notice, to dealing with IRS tax debt to the filing of tax returns, resolving IRS audits there is nothing we can handle, we are a full service tax firm that handles all IRS services and are A+ rated by the Better Business Bureau since 1982.
Knowing the internal workings in the system of IRS is huge advantage to settle IRS tax debt. Your current financial statement and documentation is the key to settle for less.
Last year 78,000 taxpayers filed for an IRS tax debt settlement in over 38% of those were accepted for average settlement a $6500 per case.
IRS tax debt forgiveness is centered around the IRS offer in compromise program.
Keep in mind this is the national average and every case depended on its own financial statement and its own set of facts. It is very possible to settle for pennies on the dollar.
There is an IRS pre-qualifier tool that you can walk through to find out if you are a certified in acceptable candidate to get an IRS tax debt settlement. On your free initial tax consultation we will walk you through the process.
We are experienced and professional IRS tax debt settlement company.
Because of our years of experience in working for the Internal Revenue Service we can assure you of the lowest possible tax settlement if you are a suitable candidate for offer in compromise.
We have a combined 100 years of direct work experience at the Internal Revenue Service. We are composed of tax attorneys, CPAs, and former federal and state tax agents.
If you have any back tax issues with the Internal Revenue Service or have not filed back income/business tax returns, we can settle your case all at the same time.
As a former IRS revenue officer I have worked hundreds of cases and can be very instrumentally in the settling of your case.
We do our own work in-house, most companies sub their work out to backend offices.
We have over 100 years of direct work experience working in the local, district and regional tax offices of the IRS. We have worked as managers, instructors, and teaching agents.
Some of our staff have put on joint forums with the Internal Revenue Service. We have an excellent working relationship with Uncle Sam.
Need an Offer in Compromise + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements, Owe Back Taxes
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. See your application package for details.
Understand the OIC process to IRS Tax Debt Settlement
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.
You Must have all tax returns filed. Over 16 million taxpayers do not file annual tax returns.
At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens.
We can prepare your back or on file tax returns with little or no tax records.
If the IRS has already filed your back tax returns and they are grossly inaccurate, call us today for us to file for an IRS audit reconsideration.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
If you are undergoing an IRS tax on it you can have a former IRS audit manager represent and defend your tax return take the case to appeals or file a tax court petition we do it all.
Call us today for a free initial tax consultation. Speak to true IRS tax experts.
Please visit our office.
When you call our offices you will speak directly to the tax expert.
IRS Audit & Collection Representation + South Florida + Miami + Fort Lauderdale, Former IRS
