Tax Levy Attorney – Florida – Fast Releases of IRS Tax Levy, Tax Settlements – Local Tax Experts

by Fresh Start Tax | Mar 5, 2013 | Tax Levy and Wage Garnishments

Tax Levy Attorney – Florida – Fast Releases of IRS Tax Levy    1-866-700-1040

 
 
Get fast results for affordable fees!
We are comprised of tax attorneys, CPAs, enrolled agents and former IRS agents, managers and tax instructors.  We are true tax experts when it comes to IRS tax resolution and settlements. Let our years of experience work for you.
If the IRS is filed a tax levy and you need a immediate release of an IRS bank or wage levy contact us today for fast and immediate results. Because of our years of experience at the Internal Revenue Service we know the system to get you fast tax relief.
We have over 60 years of direct working experience at the local Florida IRS offices and are completely familiar with all tax procedures that can get a immediate release of IRS tax levies as well as settle your IRS tax debt.
Our firm has over 206 years of professional tax experience and we are A+ rated by the Better Business Bureau. We are affordable, experienced, friendly  and offer fast results. Stop the worry today and hire local and tested  Florida tax professionals.
 

What is the IRS Tax Levy

A federal tax levy is a legal seizure of your property to satisfy a IRS back tax debt. Tax Levies are very different from  its cousin the federal tax lien.
A federal tax lien, is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt. Therefore a levy acts as a seizure.
If you do not pay your taxes or make arrangements to settle your debt the IRS may seize and sell any type of real or personal property that you own or have an interest in. IRS will conduct a asset search to determine if other assets belonging to the taxpayer can be levied.
IRS has the ability to seize and sell property that you hold such as your car, boat, or house or 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.
To the surprise of many, IRS may seize IRA plans, pension plans, Keogh plans  and 401s as well.
 

The Internal Revenue Service  can usually levy only after these three ( 3)  requirements are met:

 
a. The Internal Revenue Service assessed the tax and sent you a final Notice and Demand for Payment;
b. You neglected or refused to pay the tax; and/or
c. The Internal Revenue Service 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.
 

How the delivery of the Tax Levy must be made

IRS has options, they may give you this notice:
1. in person,
2. leave it at your home or
3. your at usual place of business,or
4.  send it to your last known address by certified or registered mail, return receipt requested. the requirement that IRS has on sending it to your last known address is specifically to send it to the last known address of the last tax return you have on file.
If you have moved your responsibility to contact the Internal Revenue Service as to your new address.
Note.
IRS can levy 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.
 

Is the tax levy causing you a hardship

If a levy on your wages, bank account or other property is causing a hardship you should immediately call fresh start tax and we can begin the process of having the Internal Revenue Service place you in an economic tax hardship.
There are very specific hardship rules and by a simple phone call to our firm we can help you determine whether you have in effect have an economic tax hardship.
If the IRS finds that you are in hardship status they will immediately remove or release your IRS tax levy or tax garnishment.
If the levy is released
A tax levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
To help ensure quick action, please have the fax number available for the bank or employer office that is processing the levy.
If the IRS does not remove the tax levy
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice.
Requests must be filed within 30 days
You must file your request within 30 days of the date on your notice.
 

Some of the issues you may discuss include:

1. You paid all you owed before we sent the levy notice,
2. The IRS assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
3. The IRS made a procedural error in an assessment,
4. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
5. You did not have an opportunity to dispute the assessed liability,
6. You wish to discuss the collection options, or
7. You wish to make a spousal defense.
 

Appeals hearing to remove an IRS tax Levy

At the conclusion of your hearing, the Office of Appeals will issue a determination. You will have 30 days after the determination date to bring a suit to contest the determination. Refer to Publication 1660 (PDF), for more information.
You also may ask the manager to review your case. If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals.
 

Levying Your Wages, Federal Payments, State Refunds, or Your Bank Account

If the IRS sends a levy your wages, salary, federal payments or state refunds, the levy will end when:
1. The levy is released,
2. You pay your tax debt, or
3. The time expires for legally collecting the tax.

Tax Levy on Bank Accounts

If we levy your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days.
This holding period allows time to resolve any issues about account ownership. After 21 days, the bank must send the money plus interest, if it applies, to the IRS.

Tax Levy on Wages

It should be noted that a 668W- levy on wages is a continuous levy your wages. It will be continued week after week until you secure a release of wage levy from the Internal Revenue Service. By contacting IRS Tax Levy Attorneys Florida Office we can get your levy released on your case settled.
 

Tax Levy Attorney – Florida – Fast Releases of IRS Tax Levy, Settlements

IRS Tax Levy on Social Security – Get Immediate Tax Levy Relief

by Fresh Start Tax | Feb 20, 2013 | Tax Levy and Wage Garnishments

IRS Tax Levy on Social Security – Get Immediate Tax Levy Relief     1-866-700-1040

 
Most taxpayers are shocked to find out that IRS can levy Social Security benefits,  however it should be known that there are very few things the IRS cannot levy or seize.
If IRS has served a tax levy garnishment on your Social Security benefits call us today and get immediate tax relief regarding your levy on your Social Security payment.
We are comprised of tax attorneys, certified public accountants and former IRS agents. We have over 60 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
We have over 205 years of professional tax experience and are an A+ rated tax firm.
Before IRS will release your IRS tax levy on your Social Security benefit the IRS will required a detailed financial statement along with documentation to make sure that you cannot pay the tax in full.
If that is the case, after IRS reviews your financial statement and finds you have an inability to pay IRS most often  the IRS will fully release the levy on your Social Security benefit. IRS will also check to make sure all tax returns are filed and up-to-date.
Call us today to find out more about how we can get immediate IRS tax levies released on Social Security benefits.
 

The federal law regarding  IRS tax levies on Social Security

 
The Financial Management Service (FMS) is a bureau of the Department of the Treasury, and part of its mission is to provide centralized debt collection services to most federal agencies. FMS has begun implementing two Congressional mandated federal debt collection programs.
One is designed to collect delinquent non-tax debt by offsetting certain federal payments and the other to collect delinquent tax debt from individuals who receive certain federal payments.
Statutory Authority: The 1997 Taxpayer Relief Act authorizes the Internal Revenue Service (IRS) to collect overdue federal tax debts of individuals and businesses that receive federal payments, by levying up to 15% of each payment until the debt is paid.
Affected/Excluded Recipients:In July 2000, FMS and the IRS launched the program. Presently, vendor payments disbursed by Treasury, Office of Personnel Management retirement payments, and travel advance and reimbursement payments to federal travelers are being levied.
In October 2001, the IRS began notifying certain Social Security beneficiaries of the intent to levy their benefit payments to collect delinquent tax debts.
Supplemental Security Income benefit payments as well as payments to children, lump sum death benefit payments, payments currently being reduced to repay Social Security benefit over payments, and payments to beneficiaries who turned age 72 by 1971, will be excluded from the tax levy program.
IRS also has the discretion to exempt people suffering hardship situations, residing in a federally declared disaster area (including those affected by the September 11, 2001 terrorist attacks), entitled to a military deferment, and seeking bankruptcy protection.
 

The Levy Process:

Federal tax debts will be collected by FMS through the Treasury Offset Program (TOP), which is also used to collect non-tax debt. The TOP database maintained by FMS includes delinquent debtor information submitted and updated by federal agencies, such as the IRS, that are either owed debts or are collecting debts on behalf of other federal agencies. In the case of the tax levy program, IRS will supply FMS with an electronic file containing tax debt information for inclusion in the TOP database.
After FMS matches federal payment information with TOP database information, FMS will notify IRS of any matches and will specifically identify any debtors that are recipients of Social Security benefit payments.
Subsequently, IRS will send a notice of levy to FMS to reduce matched payments continuously at a rate of 15% until the debt is paid, until other satisfactory repayment arrangements are made, or until the expiration of the statutory collection period.
In February 2002, FMS began reducing the payment amounts of Social Security beneficiaries who owe a delinquent federal tax debt. The levied amount is sent to IRS, and the balance of the payment is sent to the taxpayer.
 

Levy Notification.

Before IRS transmits the electronic file to FMS, IRS will send each tax debtor a notice that will include the tax bill, a statement of the intent to levy, an explanation of an individual’s appeal rights, and an IRS telephone number for inquiries and assistance.
The notice, which will be sent by certified mail to the taxpayer’s last known address, will also inform the debtor that if repayment arrangements are made within 30 days, the levy will not proceed. IRS will send tax debtors who receive Social Security benefit payments an additional notice, providing another opportunity to make repayment arrangements.
To coincide with the timing of each payment, FMS will send a notice to the debtor explaining the reason for the reduced payment and giving a contact at IRS who will answer questions regarding the tax debt.
At any time, either before or after the levy process begins, a debtor may make repayment arrangements with IRS, which will then release the levy.
 

Implementation of this process.

Since implementation of the Tax Levy Program, the Internal Revenue Service has referred $126 billion in delinquent federal tax debt, of which $62.3 billion is available for matching. Of this amount, 1,379,129 debts representing $14.6 billion have been activated for tax levy. Tax levy collections through December 2002 were 593,232 levies for $101,380,953.
From January 1 through July 30, tax levy collections were 352,302 levies for $49,974,206. Compared to the same period in calendar year 2002, the number of tax levies has increased by 44 percent and dollar collections by 32 percent.
 

Program Outreach.

Prior to implementation, FMS sponsored a tax levy program workshop for agencies that refer delinquent debt for collection through TOP. At the workshop, FMS and IRS briefed program administrators and administrative staff and provided a forum for questions and answers. FMS and IRS have provided information about the continuous tax levy program to key House and Senate committee staff.
FMS, IRS, and SSA have also shared program information with federal labor unions, senior citizen organizations, as well as ethnic and faith-based organizations.
Independently, IRS will provide program materials to taxpayer practitioner organizations.
Call us today to find out how to get your tax levy released a removed on your Social Security benefit.
 
IRS Tax Levy on Social Security – Get Immediate Tax Levy Relief