by Fresh Start Tax | Jan 26, 2016 | Tax Help
We are former AFFORDABLE IRS agents and managers who know the system. Since 1982, Local Tax Firm in South Florida.
Do you owe payroll tax debt or back trust fund tax debt or have any other problem with the Internal Revenue Service?
We can resolve any tax IRS debt or nonfiling issues.
We are AFFORDABLE IRS tax experts and specialists. We are an IRS services business that can help you in any facet of an IRS or state tax problem.
We have over 65 years of working directly for the local self IRS offices. We have worked to supervisors, managers and teaching instructors right here in South Florida. We know the system inside and out.
After your first initial tax consultation we can provide an exit strategy for all cases. Let our years of experience be your best ally.
Call us today and find out all your options on how to get immediate and permanent IRS tax relief. Understanding the IRS systems is part of getting immediate and permanent IRS tax relief.
We know what the closing standards are of the case and we know that the submission of your package is key to settling your tax debt.
You can speak to a former IRS agent or manager who has worked this system for years. You will not find more experience IRS tax experience for IRS tax problems.
If the IRS has found you a responsible person for the trust fund penalty, call us today for free initial tax consultation and we will walk you through the process of resolving this tax at once and for all. as former IRS agents we set up trust fund penalties against responsible persons for corporations or businesses that owed back payroll taxes.
If a company can no longer pay their back payroll taxes, the Internal Revenue Service has the right under 6672 to set up the trust fund debt against those who are held responsible. This is called the trust fund penalty.
Who Can Be Responsible for the Trust Fund Taxes, code section 6672.
The usual suspects found liable by IRS are usually those that were:
An officer or an employee of a corporation;
A member or employee of a partnership;
A corporate director or shareholder or member;
A member of a board of trustees of a nonprofit organization, or anyone deemed to be responsible;
Other persons with authority and who had control over funds to direct their disbursement;
Those who willfully and with full knowledge chose not to pay the payroll tax liability.
You’ll know if you are one of these persons because you will receive IRS form 2751 & 1153 indicating a proposed notice of assessment against you.Many times it takes a year to two years before IRS sets up these administrative trust fund taxes against responsible persons.
There are various options available. As soon as we review your case we can instantly tell you ways to help resolve your problem.
Being former IRS agents and managers we know every possible solution to remedy this tax debt. We can resolve and possibly reduce your tax obligation.
There are various options you have for tax relief:
The basic options include:
1. trust fund appeals, the possibility of an offer in compromise, doubt to liability,
2.hardships, or currently not collectible,
3. payments plan, and
4. the offer in compromise, if you are a qualified and suitable candidate.
5. bankruptcy is another option.
The Process of Getting IRS Tax Debt Relief on Trust Fund Tax Debt
We need to look to find out if you were truly responsible under 6672 of the IRS code. many time IRS ram rods these penalties to people who truly were not responsible for trust fund taxes.
I’ve work so many cases and being a former IRS agent IRS just tries to set these penalties up against everybody and many people do not have proper representation to fight IRS.
We will carefully review your case to find out if you were truly responsible for the trust fund penalty.
We will conduct a review to find out if there is any way that we can appeal for change the assessment of this trust fund tax.
If we feel we would’ve beat this assessment through the appellate process we can go ahead and file an offer in compromise as to doubt as to liability and appeal this assessment.
If you are responsible for the tax, IRS will take a current financial statement and make a determination based on the collectibility of the tax.
How the Internal Revenue Service will work your case if you owe the IRS tax debt.
IRS will require a 433A or 433F, an individual financial statement.
Many times the IRS uses 433F, depending were the cases in the system. Cases worked in the ACS system uses shorter version of the financial statement.
If the case is worked in the local office the revenue officer will use form 433.A
That financial statement will need to be fully documented along with bank statements, copies of checks and monthly expenses.
We will walk you through the process of how the IRS will work your case in the collection action that can possibly taken.
Will also review with you the IRS national standards program on all cases for those who owe back taxes.
Once IRS reviews your current financial statement they will make a determination and generally put you in one of two categories with the option of filing an offer in compromise.
IRS has the option to:
1.IRS determines on 40% of the cases that taxpayers are put into hardship which means they can’t pay the tax at this time. Sometimes it is called currently not collectible. Cases that are placed at currently not collectible or hardship stay in there for a period of 2 to 3 years and come back out to the field at a later time.
2. 6.5 million people enter monthly payment plans and pay a certain amount based on their current documented financial statement.
Other taxpayers file an offer in compromise to settle their case for pennies on the dollar. The offer in compromise requires a lot of skill and expertise to have accepted by the Internal Revenue Service.
What is an IRS offer in compromise?
It is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
Taxpayers who can fully pay the liabilities through an installment agreement or other means, will not be eligible for a OIC in most cases.
In order to be eligible for a OIC, the taxpayer must have filed all tax returns, made all required estimated tax payments for the current year and made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
In most cases, the IRS will not accept a OIC unless the amount offered by a taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay. The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income less certain amounts allowed for basic living expenses.
The IRS may accept a OIC based on three grounds:
1• First, the IRS can accept a compromise if there is doubt as to liability. A compromise meets this only when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.
2• Second, the IRS can accept a compromise if there is doubt that the amount owed is fully collectible. Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
3• Third, the IRS can accept a compromise based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
When submitting a OIC based on doubt as to collectibility or based on effective tax administration, taxpayers must use the most current version of:
1. Form 656, Offer in Compromise, and also submit Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or,
2. Form 433-B (OIC), Collection Information Statement for Businesses. A taxpayer submitting a OIC based on doubt as to liability must file a Form 656-L (PDF), Offer in Compromise (Doubt as to Liability), instead of Form 656 and Form 433-A (OIC) and/or Form 433-B (OIC).
Form 656 and referenced collection information statements are available in the Offer in Compromise Booklet, Form 656-B (PDF).
In general, a taxpayer must submit a $186 application fee with the Form 656. Do not combine this fee with any other tax payments.
However, there are two exceptions to this requirement:
• First, no application fee is required if the OIC is based on doubt as to liability.
• Second, the fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception.
This exception applies if the taxpayer’s total monthly income falls at or below 250 percent of the poverty guidelines published by the Department of Health and Human Services. Section 4 of Form 656 contains the Low Income Certification guidelines to assist taxpayers in determining whether they qualify for the low-income exception.
A taxpayer who claims the low-income exception must complete section 4 of Form 656 and check the certification box.
Options: Taxpayers may choose to pay the offer amount in a lump sum or in installment payments.
A “lump sum cash offer” is defined as an offer payable in 5 or fewer installments within 5 or fewer months after the offer is accepted. If a taxpayer submits a lump sum cash offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount.
This payment is required in addition to the $186 application fee.
The 20 percent payment is “nonrefundable” meaning it will not be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.
Instead, the 20 percent payment will be applied to the taxpayer’s tax liability. The taxpayer has a right to specify the particular tax liability to which the IRS will apply the 20 percent payment.
An offer is called a “periodic payment offer” under the tax law if it is payable in 6 or more monthly installments and within 24 months after the offer is accepted.
When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656.
This payment is required in addition to the $186 application fee. This amount is nonrefundable, just like the 20 percent payment required for a lump sum cash offer. Also, while the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer.
These amounts are applied to the tax liabilities and the taxpayer has a right to specify the particular tax liabilities to which the periodic payments will be applied.
Upon acceptance of a OIC, the taxpayer may no longer designate offer payments to any specific tax liability covered in the offer agreement.
Ordinarily, the statutory time within which the IRS may engage in collection activities is suspended during the period that the OIC is under consideration, and is further suspended if the OIC is rejected by the IRS and where the taxpayer appeals the rejection to the IRS Office of Appeals within 30 days from the date of the notice of rejection.
If the IRS accepts the taxpayer’s offer, the IRS expects that the taxpayer will have no further delinquencies and will fully comply with the tax laws.
The offer in compromise requires a lot of skill because reviewed by several layers of Internal Revenue Service. I should know, I am former IRS agent and teaching instructor of the offer in compromise.
When IRS works an offer in compromise the agent working the case as a general rule will spend at least 20 to 30 hours of working time from start to finish on a completed offer.
Call us today for a free initial tax consultation. when you call our office you will speak to true tax professionals who are honest, affordable, and have ben practicing right here in South Florida since 1982.
IRS Tax Services + Owe Payroll Tax Debt + IRS Trust Fund Taxes + Make IRS Payments + Settle Taxes
by Fresh Start Tax | Jan 26, 2016 | Tax Help
We are an affordable local South Florida team of IRS tax experts, former IRS agents and managers, since 1982. A + Rated
We have 205 years of direct tax experience, 65 years of working for the local IRS in the local, district and regional offices.
Since 1982, we have been representing people in the South Florida, Fort Lauderdale and Miami area.
We’re one of the most experience, affordable, and trustworthy tax firms in South Florida. We also shall have a nationwide tax practice. We know IRS inside and out and understand all their systems, settlement theories and protocols. We worked as Agents, Instructors and in Management. We were also on-the-job instructors for new IRS agents.
At Fresh Start Tax LLC you will be represented by a CPA or former IRS agents who knows the system and can provide your very best tax audit defense.
If we cannot settle your case at the local office will take your case to the Appellate Division or settlements and the best deals are usually made.
It only makes sense to have Former IRS Agents and IRS Tax Audit Managers handle your IRS tax audit and give you the most experienced and successful expert IRS Tax Audit Help.
We can also tell you how to help audit proof your return in the future.
IRS audits are very predictable and after reviewing thousands of tax returns over the years we can tell you which cases are going to be subject for IRS tax audits.
If you are go back taxes a result of an IRS tax audit will work out attacks that settlement with IRS. There are various options open to you if you owe back taxes.
Facts about IRS Tax Audits:
• The IRS audits a total of 1,391,581 tax returns a year.
• The IRS field agents complete more than 310,000 audits by office or business visits a year,
• The IRS completes over 1,081,152 correspondence audits a year. IRS collects a little over $5 million a year from his correspondence audits,
• IRS has installed new software tracking systems with the development of the CADE 2 computer to spot and recognize tax audits more proficiently,
• IRS employs over 13,000 IRS auditors.
• $5.2 billion dollars are collected through the IRS document matching program.
IRS audits less than 1% of all taxpayers.
The IRS Tax Audit Examination Plan, What you Need to Know about the IRS Audit
The IRS audit plan that is used by the IRS is based on long-range coverage planning, and objectives on the resources requested in the Congressional Budget.
From this, there is an established plan where staff years are allocated to all area IRS offices using resource allocation and a prescribed methodology.
Each Area Manager of the IRS is responsible for preparing an area response following instructions from the National Headquarters.
Why the IRS Audits Tax Returns $$$
Although there are a variety of reasons listed below some are the most common.
a. Front Loaded Programs
Front Loaded programs are those tax audits that IRS DC headquarters has determined are very important and a considerable amount of time must be spent on these programs and activities. Each area has discussions within management as to what the programs should be for each region, district, and office.
Some of the programs are:
• Special enforcement programs – An example of this may be compliance of all flee market vendors, a program I was involved with
• High Income non-filers – The IRS would get their information from a match program of w-2’s and 1099’s and match up social security numbers against filed returns
• Abusive Tax Avoidance – This could be in the area of offshore activities
• Offshore credit card program
•IRS National Research programs – Those set forth by management after doing a trends project
• FBAR filing – IRS is currently targeting those with overseas bank accounts
• Non- filers – IRS is presently forming a task force to seek non-filers though aggressive means.
b. The IRS makes sure there is balanced coverage.
The National Office makes sure there is a balanced approach for audit return delivery and tax compliance. Resources and inventory and the size of personnel all go into this formula.
IRS focuses are blended into these areas:
1. Individual returns less than $100,000.
2. Individual returns greater than $100,000 but less than $200,000.
3. Individual returns greater than $ 200,000.
4. Small Business Corporations.
5. Small Business Flow-Through Entities – S Corporations, Fiduciaries and Partnerships.
c. Classification Plan
The IRS will prepare a plan, which is classified. A National DIF score indicator is placed on all Federal Income tax returns that are filed.
Each tax return has certain factors that contribute to its score such as Gross Income, Adjusted Gross Income and line item expense.
There are several classified secrets that go into the DIF score.
Each tax return is processed through the IRS computer line item by line item.
A DIF score label is placed on every tax return with its DIF number.
A tax examiner or Revenue Agent manually eyeballs each and every tax return with a high DIF score.
The examiner then determine which return has the highest probability of tax audit success.
d. DIF Cutoff Score, this is the most common reason for audit. each and every tax return has a DIF score, this stands for discriminatory index function.
The IRS will calculate the Area DIF cutoff score for each activity code, giving consideration to the selection rate.
This is the lowest DIF score necessary to secure the number of returns required for audit. For example, if the return plan shows 225 returns for an activity code and the selection rate is 70%, the IRS will need to order 321 returns (225/70%).
The DIF Cut off Score is 500. The number of returns with DIF scores greater than 550 is 280, which is less than the number of returns required, so the lowest DIF score on an ordered return will be in the range of 500 to 550 and the DIF cutoff score is 500.
All tax returns are graded by the Internal Revenue Service. That’s right, each and every tax return has a DIF score. There is a label placed on the back of every tax return that grades audit potential.
Much of the audit numbers are predicated on the budget that Congress gives to the IRS.
Over the last couple years the number of audits are going down by small percentages simply because they do not have working staff to handle all the IRS audits that are truly needed. It is not wise to play the audit lottery.
Call us today for a free initial tax consultation and we will review your tax returns, go over best case scenarios and talk about your IRS tax defense for an IRS audit.
We are a full service tax firm. Since 1982, we have been serving South Florida. When you call our office you will speak to a true IRS tax professional with years of direct experience.
IRS Tax Audit Representation + Former Local IRS + IRS Settlements + IRS Appeals
by Fresh Start Tax | Jan 25, 2016 | Tax Help
Affordable former IRS agents who can get you back in the system worry free, since 1982. We Can Handle the Trouble Part!
If you have received a letter from Internal Revenue Service that you need to file your back returns call us today and we can walk with you through this process.
With or without tax records we can file accurate tax returns with the Internal Revenue Service.
Unless you have been involved in some major criminal activities is doubtful that you are headed for major trouble, however with that said IRS does want you back in the system and at some point in time if you do not file your tax returns you will get a knock on the door.
There should be nothing right now keeping you from moving forward because there is a very specific system to get immediate and permanent tax relief. If you do not file tax returns at IRS is looking for under 6020b of the IRC code, IRS will file your tax returns for you and you will not like the result. IRS will create an assessment for you allowing you no deductions, no exemptions, no business deductions, file your tax return and start sending bills and notices out. If you do not follow up on those bills or notices IRS most likely will send out bank wage garnishment levies or file a federal tax lien.
The more you delay the worse it gets.
For those taxpayers contemplating getting back in the system there is a worry free process to make this happen.
Most taxpayers just need encouragement and the push to go ahead and get their life straight at this point in time.
Like everything in life there is a system, and the good thing is that we know the system.
As former IRS agents and managers we have a combined 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Not only did we work as former IRS agents and managers, we taught new IRS agents as job as on-the-job instructors and taught out of the regional training centers of Internal Revenue Service.
We understand every IRS protocol and procedure that there is.
You can let our years of experience work for you so you can stop the worry today.
If you haven’t paid back taxes or filed back income tax returns, speak directly to our affordable specialty experts who can give you some immediate and permanent tax relief. Since 1982 we have been resolving the needs of taxpayers, businesses and corporations that need federal and state tax relief.
The IRS Process
The first thing that we do is send IRS a power of attorney letting them know they only have the right to contact us under your Bill of Rights.
All communication both verbal and written come through our offices.
This way, we answer all the questions and we become your advocate. Remember at the end of the day IRS just wants you back in the system.
You will never have to speak to the IRS. We know how to talk their language and that is a huge help in resolving the problem. At the end of the day all IRS wants to do is close their case off of the CADE2 computer.
We next can pull an IRS tax transcript to find out what years have to be filed for your back income tax returns.
With or without your back records we can prepare your back income tax returns by pulling these transcripts and the use of reconstructive methods that we learned at the Internal Revenue Service.
There are very specific formulas for the use of the reconstruction of tax returns this is also a system that we taught at the Internal Revenue Service.
If you owe IRS back taxes and cannot pay these taxes, IRS usually wants a current financial statement to make you determine your ability to pay IRS back.
As a general rule, IRS wants a documented 433F along with bank statements, copies of pay stubs, and copy of current expenses. They will apply your current income against the acceptable standards used by Internal Revenue Service.
As a result two things usually occur.
1. Your case will either be put into a currently not collectible, a tax hardship status or,
2. You will be asked to make a monthly installment agreement to Internal Revenue Service.
Some taxpayers qualify for the offer in compromise to settle their debt for pennies on a dollar.
The first thing we look to us to settle your case for pennies on the dollar if you are a qualified candidate.
Call us today for free initial tax consultation and we will walk you through the system on how to get immediate and permanent relief from the Internal Revenue Service. Haven’t filed or paid back income taxes is no issue to us, these cases actually result very easily.
With over 65 years of combined IRS work experience we are one of the most trustworthy, professional, inexperienced tax forms.
When you call our office you will speak directly to a true IRS tax experts.
Some quick IRS tax facts:
Over 78,000 offers in compromise to settle tax debts were filed last year. IRS accepted 38% of those filed offers in compromise.
The average settlement was $6500 per case based on the taxpayer’s ability to pay back in their documented financial statements.
Are you eligible to settle your tax debt for pennies on a dollar?
So if you received a letter from Internal Revenue Service, call us today and learn more about the system.
Received IRS Letter to File My Back Tax Returns + We Can Help, Former IRS
by Fresh Start Tax | Jan 25, 2016 | Tax Help
Affordable former IRS agents who can get you back in the system worry free, since 1982. We Can Handle the Trouble Part!
Unless you have been involved in some major criminal activities is doubtful that you are headed for major trouble, however with that said IRS does want you back in the system and at some point in time if you do not file your tax returns you will get a knock on the door.
The lesson here is to find IRS before they find you.
There should be nothing right now keeping you from moving forward because there is a very specific system to get immediate and permanent tax relief.
The more you delay the worse it gets.
For those taxpayers contemplating getting back in the system there is a worry free process to make this happen.
Most taxpayers just need encouragement and the push to go ahead and get their life straight at this point in time.
Like everything in life there is a system, and the good thing is that we know the system.
As former IRS agents and managers we have a combined 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Not only did we work as former IRS agents and managers, we taught new IRS agents as job as on-the-job instructors and taught out of the regional training centers of Internal Revenue Service.
We understand every IRS protocol and procedure that there is.
You can let our years of experience work for you so you can stop the worry today.
If you haven’t paid back taxes or filed back income tax returns, speak directly to our affordable specialty experts who can give you some immediate and permanent tax relief. Since 1982 we have been resolving the needs of taxpayers, businesses and corporations that need federal and state tax relief.
The Process Involved
The first thing that we do is send IRS a power of attorney letting them know they only have the right to contact us under your Bill of Rights.
All communication both verbal and written come through our offices.
This way, we answer all the questions and we become your advocate. Remember at the end of the day IRS just wants you back in the system.You will never have to speak to the IRS.
We know how to talk their language and that is a huge help in resolving the problem. At the end of the day all IRS wants to do is close their case off of the CADE2 computer.
We next can pull an IRS tax transcript to find out what years have to be filed for your back income tax returns.
With or without your back records we can prepare your back income tax returns by pulling these transcripts and the use of reconstructive methods that we learned at the Internal Revenue Service.
There are very specific formulas for the use of the reconstruction of tax returns this is also a system that we taught at the Internal Revenue Service.
So don’t let the nonfiling of your back tax returns preclude you from moving forward.
If you owe IRS back taxes and cannot pay these taxes, IRS usually wants a current financial statement to make you determine your ability to pay IRS back.
As a general rule, IRS wants a documented 433F along with bank statements, copies of pay stubs, and copy of current expenses. They will apply your current income against the acceptable standards used by Internal Revenue Service.
As a result two things usually occur.
1. Your case will either be put into a currently not collectible, a tax hardship status or,
2. You will be asked to make a monthly installment agreement to Internal Revenue Service.
Some taxpayers qualify for the offer in compromise to settle their debt for pennies on a dollar.
The first thing we look to us to settle your case for pennies on the dollar if you are a qualified candidate.
Call us today for free initial tax consultation and we will walk you through the system on how to get immediate and permanent relief from the Internal Revenue Service. Haven’t filed or paid back income taxes is no issue to us, these cases actually result very easily.
With over 65 years of combined IRS work experience we are one of the most trustworthy, professional, inexperienced tax forms.
When you call our office you will speak directly to a true IRS tax experts.
Some quick IRS tax facts:
Over 78,000 offers in compromise to settle tax debts were filed last year. IRS accepted 38% of those filed offers in compromise.
The average settlement was $6500 per case based on the taxpayer’s ability to pay back in their documented financial statements.
Are you eligible to settle your tax debt for pennies on a dollar?
So what happens if you haven’t filed back tax returns, call us today and learn more about the system. We can take care the trouble,we just want you concerned in moving forward.
Since 1982 we have been resolving tax situations for taxpayers across the United States. If you have a nonfiling issue on many back tax years call us today for a free initial tax consultation. We are true affordable tax experts.
Non-filing for Many Back Taxes Years + Former IRS Can Make Easy
by Fresh Start Tax | Jan 25, 2016 | Tax Help
We are AFFORDABLE former IRS agents and managers who know the system. We can Stop any IRS bank levy or wage garnishment levy. Since 1982, A plus Rated BBB.
If you have received IRS form 668W, you have received a continuous wage garnishment.
If you have received this 6688 you have received a one-time levy.
As a former IRS agent and teaching instructor I have literally filed thousands of levies and understand the system of how to release them as well. There is a very methodical way to do this and exact system that IRS uses to release both bank and wage garnishment levies.
There are emergency procedures in place in filing for an immediate hardship as long as taxpayers can provide support and documentation for the hardship.
The key to getting immediate relief from a wage garnishment levy is same-day communication to the Internal Revenue Service with documentation supporting the current financial condition of the taxpayer. Stopping and removing levies is our specialty and expertise.
Even in cases where taxpayers are not current on filing their current tax returns IRS will still release wage levy garnishments.
A wage garnishment levy will not go away until Internal Revenue Service sends a release to your employer. As a former IRS agent I used to file form 668W to garnish the wages of taxpayers who did not respond to IRS final notices.
If you have not responded to an IRS final notice the IRS computer system automatically generates a continuous wage garnishment notice. You will not get your next paycheck until you call IRS and get this levy garnishment released.
We can not only stop your IRS bank levy or wage garnishment we can settle and close your case off the IRS enforcement computer at the same time.
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.
IRS Tax Levies + How to Stop a IRS Bank Tax Levy or a continuous IRS Wage Garnishment Levy NOW
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.
It is important to know the difference between IRS bank levy and wage garnishment levy.
A IRS bank garnishment levy puts a freeze on your bank account for 21 days on the day the bank received the levy.
You can use the account is much as you want during that period of the levy. Only the monies that were in the bank the day of the levy are frozen by the institution.
A wage garnishment levy is an immediate and continuous garnishment whereas approximately 80% of your wages will be sent to the Internal Revenue Service until the levy garnishment is released.
Also IRS has IRS has a right to file a federal tax lien against any and all assets you may have. Those federal tax liens are filed in the courthouse were you claim your residence. many times after IRS files a banker wage garnishment levy on cases over $10,000 IRS has the option and most of the time file a tax lien.
Final Notices before IRS issues a Bank Tax Levy or 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.
IRS Billing Notices for IRS Tax Levies & IRS continuous Wage 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 Your Collection Case, options!
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.
They generally closes your back taxes case by taxpayers putting you into a:
1.currently not collectible statuses or,
2. ask for a monthly payment agreement.
For taxpayers who owe back taxes statistics show that 40% of all taxpayers are placed in currently not collectible status, while 6.5 million taxpayers enter monthly payment or installment agreement.
Some taxpayers can be eligible for the offer in compromise program to settle their debt for pennies on the dollar.
We review every case we find out if you are an 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.
Keep in mind your current documented financial statement will determine the settlement on your particular case if you are a suitable candidate for the offer in compromise.
All taxpayers before wanting to file an offer in compromise should walk through the IRS pre-qualifier tool.
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,
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.
At the very least, when you call our office you will find out how to stop a continuous wage garnishment levy.
Stopping and removing levies is our specialty and expertise.
One last thing you should know, the only reason IRS has sent that levy notice to you is that you have failed to respond to prior notices.
As a former IRS agent I never found joy in taking someone’s bank account or wages but forced to under internal revenue procedure.
Call us today and learn more about stopping or removing IRS tax levies.
Stopping & Remove IRS Tax Levies Right Now + Specialty Experts, Former IRS + Pembroke Pines + 33082
