Avoid a Wage Garnishment by the IRS
You can avoid a IRS wage garnishment by contacting the Internal Revenue Service and letting them know of your current financial statement.
If you have an outstanding bill with the Internal Revenue Service the case must be taken off the IRS enforcement computer called the CADE2.
If not you can expect a wage garnishment or bank levy.
We know all about this process because we are former IRS agents and managers with over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
While at the Internal Revenue Service we taught tax law.
The enforcement computer system generates all IRS bank levies and wage garnishments. All these enforcement tools used by the Internal Revenue Service systemically generates all notices without a human hand touching the seizure actions.
It is very important to follow up these IRS notices or letters no later than the final notice dates sent by the Internal Revenue Service.
If you fail to respond to the Internal Revenue Service after the L-1058 letter you can expect an IRS bank levy or wage garnishment notice and you may also receive the filing of a federal tax lien.
So if you want to avoid a Wage Garnishment, you had better follow up.
Everything the Internal Revenue Service service does it works off a system or a protocol. Another fact is that each IRS notice is sent out on a five-week billing cycle.
If you want to stop or avoid an IRS wage garnishment simply be prepared to give the information that the IRS is looking for.
What is the IRS looking for to close your case to avoid a Wage Garnishment
IRS must use a common standard to evaluate every case in which back taxes are owed. The Internal Revenue Service wants to make sure all your tax returns are filed and up-to-date.
Secondly, they want a current financial statement to fully evaluate your case and find out what your intentions are on paying your back taxes. You should have a plan in mind to handle the IRS.
IRS uses the form 433-F to make that determination so you could avoid an IRS wage garnishment. If you have received an IRS wage garnishment the form 433-F also help will release an IRS wage garnishment.
IRS will need a current financial statement
IRS will expect a complete and accurate financial statement.
IRS will want all documentations to certify that your financial statement is adequate and correct. Along with your financial statement they want copies of your last 3 to 6 months of bank statements and checks along with your last pay stub. You should know that IRS has a national and regional standardize expenses that they allow on all taxpayers. You can find those our website. IRS will compare your expenses to the expenses found on the nationalized and regionalized standards.
How IRS will settle your case
Based on those standards, IRS will make three recommendations on your case.
IRS will either place your case into an economic tax hardship or put you into a currently non-collectible file. If your case is put into a non-collectible file it usually stays there for two years or until you make sufficient amount of income that the IRS generates your case back out to the field.
IRS may determine or insist on a monthly installment payment agreement. Once again this is all based on the national and regionalized expense standards.
IRS may look at your case and determine you are a good offer in compromise settlement candidate.
Once IRS makes these determinations and recommendations to you they will close your case off the enforcement computer and settle your case.
It is important to know all your IRS tax options and remedies and how to close your case short-term and to have a long-term exit strategy.
Contact us today and speak to a tax attorney, CPA, or former IRS agent and manager to fully understand the best way to deal with your IRS problem.
All consultations are free.
We are A+ rated by the Better Business Bureau and we have been in private practice since 1982 and we have over 206 years of professional tax experience.
How to AVOID a Wage Garnishment with Former IRS Agents
How to AVOID a Wage Garnishment with Former IRS Agents
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