Fresh Start Tax 1-866-700-1040 A Professional Tax Firm “A” Plus Rated, since 1982.
If you cannot pay this tax you should call our office to set up a tax plan to satisfy the IRS before they ramp up their enforcement computers. The IRS will close your case usually in one of three ways.
The IRS will either take an offer in compromise, a payment plan, or place you in hardship and suspend your case. Call us for settlement details. We have over 130 years of staff experience dealing with these issues.
The IRS CP 503 is a third letter notice in a series of IRS collection letters.
If you received this notice you should have received other notices from the IRS.
This notice is another reminder that you still owe a balance on one of your tax accounts. You are getting this notice because we have not received your payment or response to previous notice(s) requesting this balance.
What is your next step to take:
The next step is to try to pay the tax in full. If you cannot do that, call our firm so we can reach a settlement with the IRS. If you do not respond to the IRS Notice or Letters, the IRS will send you a final notice of intent to levy. Thirty days after that date they will take enforcement action. The IRS will follow that up with a filing of a Federal Tax Lien.
Our Company Resume:
Our staff has over 135 years of professional tax representation experience collectively
On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents,
Fresh Start Tax 1-866-700-1040 “A”Plus Rated BBB A Professional Tax Firm with an IRS Specialty
Call us if you need professional representation. We are former IRS Agents, Managers and Instructors.
The IRS Letter 2566 is a Proposed Individual Tax Assessment (Letter 2566 SC/CG)
The Proposed Individual Tax Assessment is also referred to as a 30-day letter.
1. This letter notifies you that we have no record of receiving your Form 1040, U.S. Individual Income Tax Return.
2. It proposes a tax assessment with penalties and interest based on income reported to us by your employers, banks, etc.
3. The letter also states that within 30 days, you must submit one of the following:
a. Your Form 1040 completed and signed, including all schedules and forms with cover letter;
b. The Consent to Assessment and Collection form, signed and dated;
c. A statement explaining why you believe you are not required to file, or information you would like us to consider.
Notice of Deficiency (Letter 3219 SC/CG)
A Notice of Deficiency is sometimes referred to as a 90-day letter. The Notice of Deficiency tells you the tax assessed plus the interest and penalties you will owe. A Notice of Deficiency is required by law and is to advise you of your appeal rights to the U.S. Tax Court.
The letter also states that within 90 days, you must submit one of the following:
Your Form 1040 completed and signed, including all schedules and forms with cover letter;
The Consent to Assessment and Collection form, signed and dated;
A statement explaining why you believe you are not required to file, or information you would like us to consider.
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds. Some of our many specialties include the following:
Immediate Tax Representation
Offers in Compromise/Settlements
Immediate Release of Bank Garnishments or Wage Levies
IRS Notices/Bill of Intent to Levy or Final Notices
Other than the fact that the IRS is seizing your hard earned paycheck or your entire bank account, the average taxpayer does not know some key facts about IRS tax levies, especially if it is now affecting your life.
Here are some facts you should be aware of:
1. You cannot be fired because of a federal tax levy. If an employer starts to threaten you, remind that person of 15 USC 1674. The employer can be fined or imprisoned for not more than one year or both. A stiff warning for the employer.
2. A hold period on a bank levy is 21 days. The bank is not permitted to turn any funds over to the IRS until the 22nd day.
The reason for this is to allow the taxpayer to try to obtain a release of the levy. This is accomplished by calling the IRS, making sure all tax returns are filed up to date and to provide the IRS with a valid financial statement.
With those in order, the IRS can make a decision on how to close your account. They will usually close your case with an offer in compromise, a payment agreement or determine you are currently in a hardship.
3. The Wage Levy is a continuous levy. It attaches to all future payments until the levy is released. Also included are bonuses, fees, commissions and other creative ideas to give you a paycheck.
4. The levy period begins with the time, place and date of service of the levy. What this means is that a federal tax levy only goes in effect at the exact moment the institution or entity receives the levy.
A good example of this is as follows:
If a bank receives a tax levy at 2:00 pm, all funds are literally seized or frozen when the levy actually hits the account.
If later that day a deposit goes into the account, that money is free of the levy. If this were not the case it would be a continuous levy.
5. Amount that is exempt from the levy. A part of the individual wages and salary is exempt from the tax levy.
The weekly exempt amount is the total of the taxpayers standard exemption and the amount deductible for exemption on the income tax return for the year the levy is served. That total is divided by 52.
Important reminder: The amount that the taxpayer needs to pay court ordered child support is exempt.
Killer facts about IRS Bank and Wage Levies – Former IRS Manager
Fresh Start Tax 1-866-700-1040 “A” Plus Rated Professional Tax Firm Attorneys, CPAs, Former IRS Agents, Managers and Instructors
If the IRS is breathing down your back, call a professional tax firm and not an IRS tax mill. If you are serious about hiring a professional tax firm call us today.
We have over 130 years of IRS experience.
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations.
We have staff that specialize in every facet of IRS representation. We know all the IRS tax strategies because of our extensive IRS working backgrounds.
Some of our many specialties include the following:
Immediate Tax Representation
Offers in Compromise/Settlements
Immediate Release of Bank Garnishments or Wage Levies
IRS Notices/Bill of Intent to Levy or Final Notices
Let Former IRS agents and manager fight this problem for you!
We worked out of the Local South Florida IRS offices.
Fresh Start Tax 954-492-0088 1-866-700-1040 A Professional Tax Firm “A” Plus Rated by the BBB
If you are having any type of IRS matter or issue, call us today.
We can take care of any tax matter because of our vast IRS experience.
Whether you are going through an IRS tax audit, IRS lien or levy , our former IRS Agents, Managers and Instructors have seen it all.
We have been resolving IRS Matters for the last 28 years in South Florida. Come by and visit us for a free tax consultation.
Fresh Start Tax is one of the premier tax resolution firms in the country.
We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations.
We have staff that specialize in every facet of IRS representation. We know all the IRS tax strategies because of our extensive IRS working backgrounds.
Some of our many specialties include the following:
Immediate Tax Representation
Offers in Compromise/Settlements
Immediate Release of Bank Garnishments or Wage Levies
IRS Notices/Bill of Intent to Levy or Final Notices
