by Fresh Start Tax | Apr 22, 2013 | Tax Levy and Wage Garnishments
Wage Levy Help – Get your Levy on Wages Released ASAP, Former IRS 1-866-700-1040
If you need help because you are in receipt of an IRS wage levy call us today and speak directly to troop tax professionals. You will speak either to tax attorneys, certified public accountants, were former IRS agents and managers. We are true Tax Experts in Wage Levy help. Do not be scammed by other companies.
We have over 60 years of working directly for the Internal Revenue Service and the local, regional, and district offices of the Internal Revenue Service.
We are true experts in IRS wage levy help releases and settlements. We have worked thousands of cases since the inception of our private practice back in 1982 and we are one of the nations highest rated company who gets fast and affordable results to get your levy on wages released.
Not only can we get your IRS wage garnishment completely removed we can also settle your case.
STOP being bullied by the IRS. Fight back with Former IRS Agents. We know all the systems, all the protocols, and all the settlement formulas to get you fast and immediate results from levies on wages.
IRS Wage Garnishment Help
If you have received an IRS wage garnishment do not feel alone.
You have many other taxpayers who are in the the millionaires club.
IRS sends out a whooping 3.6 million bank levies and wage garnishment notices each year.
IRS wage garnishment levy notices are sent out systemically by the IRS enforcement computer called the CADE 2. This computer that belongs to the Internal Revenue Service, Department of the Treasury and is the largest collection computer in the world. It brings in billions and billions of dollars in revenue to the federal government.
This enforcement computer keeps a list of all the places that you have received income from in the past seven years.
IRS has wage and bank sources like any 1099s, W-2, or third-party wage sources.
You can actually obtain a copy of that list by calling IRS and asking them for your income information for the last seven years.
Not responded to a IRS Bill or Notice?
Expect a Wage Garnishment and maybe a Federal Tax Lien
IRS sends these wage garnishment notices if the taxpayer has not responded to the IRS final notice that is sent to the last known address on a taxpayers last filed tax return. in important point to note is the IRS is only required to send that notice to the address on your last file tax return. IRS is required to do no other research but that.
If your address is changed and not told to IRS, the IRS has no way of sending your bills or notices to your new address.
IRS can usually send a Wage levy only after these three requirements ( 3 ) are met:
1. IRS assessed the tax and sent you a Notice and Demand for Payment;
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.
IRS has options on how the delivery of the tax notice will take place.
1. The IRS may give you this notice in person,
2. leave it at your home or your usual place of business,
3. send it to your last known address by certified or
4. registered mail, return receipt requested.
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.
The required protocol to get the IRS wage garnishment release to removed
There is a required protocol to get your IRS wage levy released or removed.
IRS will require a current financial statement in the form of a 433-F.
You can find that financial statement on our website. Just go to the homepage and look at the toolbar on top. Click on IRS forms. You will find the 433-F on that page.
You will have to accurately and correctly fill out that financial statement with complete documentation which includes 3 to 6 months worth of bank statements, pay stubs and all current monthly living expenses.
IRS will then make a determination as to how they will agree to close your case and to get your wage garnishment released.
As a general rule the Internal Revenue Service will either place your account into:
1. an economic tax hardship or non-collectible status,
2.IRS will ask you to enter into an installment or part pay agreement, or
3. IRS could tell you to exercise your option to file the offer in compromise.
It is always best to have a tax professional represent you during these matters because not only will the professional be able to get your wage garnishment release or removed, they will also be able to close or settle your case for a period of time.
Can Employer Threatens to Fire Taxpayer Because of a Wage Levy?
An employer threatens to fire an employee to avoid handling a wage levy. This might be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
Refer the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.
There is a Continuous Effect of a Wage Levy , Salary and Wage Garnishment.
Unlike other levies, a levy on a taxpayer’s wages and salary has a continuous effect.
It attaches to future payments, until the levy is released. Wages and salary include fees, bonuses, commissions, and similar items.
All other levies only attach to property and rights to property that exist when the levy is served.
If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.
When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to. If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.
Also see IRM 5.11.6.1, Retirement Income.
A Form 668-A is issued to levy an author’s royalties. The author has a fixed and determinable right to royalties for books that have already been published. The levy reaches royalties for sales of those books in the future. The levy does not reach royalties for books that are written and published later.
A new levy must be served to take those royalties.
A Form 668-W is issued to levy a taxpayer’s retirement income. The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.
Levy on Non-Liable Spouse in a Community Property State for guidance when the wage levy on the non-liable spouse is not continuous.
There is an Exempt Amount on Wage Garnishments
Part of the individual taxpayer’s wages, salary, (including fees, bonuses, commissions and similar items) and other income, as well as retirement and benefit income, is exempt from levy.
The weekly exempt amount is:
The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.
Then, this total is divided by 52.
Income that is not paid weekly is prorated, so the same amount is exempt.
In addition, the amount the taxpayer needs to pay court ordered child support is exempt.
Wage Levy Help – Get your Levy on Wages Released ASAP, Former IRS
by Fresh Start Tax | Apr 19, 2013 | Tax Levy and Wage Garnishments
Help with IRS Wage Levy Garnishments – Former IRS Agents – STOP Wage Levy Experts 1-866-700-1040
If you need help with an IRS wage levy garnishment call us today and let former IRS agents and managers who are experts in wage Levy garnishments get the release to you as soon as possible and settle your case at the same time.
We are comprised of former IRS agents, managers and tax instructors with over 60 years of direct working experience at the Internal Revenue Service.
We worked in the local, district, and regional tax offices of the Internal Revenue Service while at the IRS we taught tax law and are completely aware of the IRS wage levy garnishment system.
With that said, a simple phone call to fresh start tax today can start the process to get your IRS wage levy garnishment released by your next paycheck.
Help with the IRS wage levy – The process
To get your wage levy released the process is a very simple one.
After we secure a power of attorney we contact the Internal Revenue Service. We obtain from you a current financial statement which is IRS form 433-F.
You can find that form on our website on the homepage under IRS forms.
We will have you fill that form out along with securing all current pay stubs, bank statements for the past 3 to 6 months, and all expenses that you will show on your financial statement and submit them to the Internal Revenue Service.
Once the Internal Revenue Service reviews your 433-F we will agree with a closing method that is suitable to you based on your financial needs.
As a general rule IRS will close your case and release your levy once we agree to one of the following: (as soon as you get us the information we can get your IRS Wage Levy Garnishment Release
Options:
1. We will agree with IRS that at this current time you do not have the financial ability to pay the IRS any money and they will place you in a non-collectible file. You’ll stay noncollectable status off the IRS enforcement computer until you have sufficient income to start making payments on the debt.
2. IRS could review your financial statement and say you do have sufficient income and ask you to start making a monthly installment or payment arrangement.
3. The Internal Revenue Service can evaluate your financial statement and tell you that you are soon suitable for an offer in compromise which is a tax debt settlement with the IRS.
You should also be aware that there is a new fresh start program or fresh start initiative started by the Internal Revenue Service to help clients settle their debt with the IRS.
Before the IRS can levy these three requirements must be met:
The IRS assessed the tax and sent you a Notice and Demand for Payment, you neglected or refused to pay the tax and you were sent 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 IRS had to give you you notice
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.
The IRS can also 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.
If the IRS finds that you are hardship and suspends your current case
A 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.
If you do not get your levy release you have options
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.
You must file your request within 30 days of the date on your notice.
Some of the issues you may discuss include:
a. You paid all you owed before we sent the levy notice,
b.We assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
c. We made a procedural error in an assessment,
d. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
e. You did not have an opportunity to dispute the assessed liability,
f. You wish to discuss the collection options, or
g.You wish to make a spousal defense.
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. This should not be considered without professional help.
f your property is levied or seized, contact the employee who took the action.
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.
Help with IRS Wage Levy Garnishments – Former IRS Agents – Wage Levy Experts
by Fresh Start Tax | Apr 18, 2013 | Tax Levy and Wage Garnishments
IRS Tax Levy – Bank Accounts, Wages – Appeal Rights – Get Levy Released, Removed ASAP 1-866-700-1040
The Internal Revenue Service files 3.6 million tax levies a year on bank accounts and on wages. That number is staggering.
So many Taxpayers are intimidated by the IRS.
Taxpayers are completely unaware of their appeal rights. Many have no idea their IRS tax levy on bank accounts and wage garnishments can be released if they file a formal appeal with the Internal Revenue Service.
We encourage taxpayers to fight back and to get their IRS tax levies on their bank accounts and wages released by filing a formal appeal with the Internal Revenue Service.
Being former IRS agents, managers, and tax instructors we are aware of the many injustices that take place when IRS agents need to close cases due to unmanageable inventories and archaic financial standards.
Many taxpayers do not fall in to normal categories of standards and many times the IRS does not take the time to care what is going on individual situations and there lives. Taxpayers are going through more economic financial hardships than ever before. It is in these times and situations that the Internal Revenue Service is unreasonable and we encourage the taxpayers to go ahead if they have been levied by the Internal Revenue Service to formally use their IRS appeal rights and fight back if the IRS is being unreasonable.
I should also mention it is best to hire professional tax firm or tax expert to handle the situations Being a former IRS agent and working thousands of cases I can tell you the tax professional will usually get the results you need.
There is a little trick used by Internal Revenue Service.
If you call the ACS unit of the IRS and wish to talk to the manager, the agent answering the phone will never turn that call over to the manager at the given time.
They will always say the manager will call you back and over 50% of the times that call never comes.
You should insist on also getting the telephone number of the area manager and district director in that location. You need to become a squeaky wheel at this point because you have nothing to lose.
There is more abuse at the ACS unit of the Internal Revenue Service than any other function. Many of these agents are abusive, rude, and could care less about the outcome of your case. While there are many good agents we have found the majority of time the agents are just trying to close there case by any means.
The Appeal Process
Options.
1. You may ask an IRS manager to review your case or,
2. 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.
30 days to File an Appeal
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, This time period is usually 10 years from the date of the original tax assessment,
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.
At the conclusion of your hearing, the Office of Appeals
The IRS will issue a determination.
You will have 30 days after the determination date to bring a suit to contest the determination.
If your property is levied or seized, contact the employee who took the action. 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.
Important note : The IRS usually can levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. We 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.
We 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 we 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.
IRS Tax Levy – Bank Accounts, Wages – Appeal Rights – Fight Back ASAP – Get Levy Released, Removed
by Fresh Start Tax | Apr 18, 2013 | Tax Levy and Wage Garnishments
IRS Tax Levy – How to Deal and WIN with the IRS – Levy Removed & Released 1-866-700-1040
The Internal Revenue Service sends out 3.6 million IRS tax levies each and every year. You are not alone. Here is how to fight back and win.
If you have an IRS tax Levy and you want to get your tax levy released and removed follow the procedures below to get immediate results.
We are comprised of tax attorneys, certified public accountants, and former IRS agents. As former IRS agents we taught tax law and are experts on IRS tax levies.
As former IRS agents/managers we issued thousands of tax levies so it only makes sense that we know the exact process on how to go ahead to deal with them and to win with the IRS.
We have over 60 years of working directly for the Internal Revenue Service in the local district, regional offices of the IRS.
There are very specific procedures in dealing with an IRS tax Levy.
Why was your tax Levy sent?
IRS sends out notices of the federal tax levy because taxpayers did not respond to the last and final notice the IRS sent to the last known mailing address.
IRS will use your last known address on your last filed tax return to send out your final billing notice.
If your address changed or you did not file a tax return with a new address, the Internal Revenue Service has no way of knowing where you are now located. By code, the Internal Revenue Service is only required to mail IRS bills and notices to your last known tax filing address.
As a general rule, the IRS sends out 3 to 4 billing notices to let you know you owe past-due federal taxes. If you do not respond to the IRS, the government computer will systemically generates a notice of seizure or garnishment.
How to get the IRS tax Levy released
Before the Internal Revenue Service will release a IRS tax Levy this is the exact procedure that needs to be followed to deal with the IRS and to get your tax levy removed in release and when your money back from the government:
The IRS will require a current financial statement on form 433-F.
You can find that form on our site. IRS will want that form completely and accurately filled out along with all the documentation to support all the line items.
That will mean that you will have to provide them pay stubs, bank statements, and receipts of all your expenses and copies of all your bills. IRS will carefully review that financial statement and apply your financial statement against the national standards, the regional standards and the local standards in the area in which you live.
How and when IRS will remove and release the tax levy
Once the Internal Revenue Service reviews the 433-F financial statement they will make a determination on how they will close the case and release and remove the IRS tax Levy.
As a general rule there are three closing methods.
The Internal Revenue Service will either determine that at this current time you are non-collectible and place your case into an economic tax hardship.
IRS may determine that you have excess income because of the national standard test they are applying and determined that you should make an installment or payment arrangement.
Or lastly, may make a recommendation that you are a good and suitable candidate for offer in compromise.
After the Internal Revenue Service speaks to the power of attorney or the taxpayer they will determine the closing method. ( this can be appealed )
IRS will then go ahead and release and remove the IRS tax Levy. It is always best for the power of attorney or the taxpayer to have on hand the fax number for the person who can release the funds that are being held up by the IRS tax Levy. IRS as a general rule will immediately fax the release or removal of the tax Levy to the point person so the release can take place ASAP.
If you do not like the IRS decision you can appeal the finding by the Agent, ask to speak to the manager
You will find many times that the agents over the telephone in the a ACS unit are very unreasonable.
Do not fear the IRS in this situation. Ask to speak directly to the group manager or area manager and prove your point.
Many taxpayers back off because the authority and the power that IRS have, whatever you do not be bullied by the Internal Revenue Service, you have appeal rights.
Contact us today if this is your situation
Are you a settlement candidate for an Offer in Compromise
The new fresh start program for the IRS offer in compromise .
Offers in Compromise
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements.
An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
For more on this you should contact our office today and speak to a former IRS agent and manager who knows the exact process and system of how to settle your case with the Internal Revenue Service.
You can also find a pre-qualifier tool on our website if you wish to try this by yourself.
Contact us today and speak directly to tax attorneys, certified public accountants, or former IRS agents and managers.
IRS Tax Levy – How to Deal and WIN with the IRS – Levy Removed & Released
by Fresh Start Tax | Apr 17, 2013 | Tax Levy and Wage Garnishments
Get a IRS Tax Levy Removed by Former IRS agents – We Know the System 1-866-700-1040
If you need to get an IRS tax levy removed who better to retain than former IRS agents and managers who have over 60 years of combined work experience and knowledge of the Internal Revenue Service.
We worked in the local, district, and regional tax offices of the Internal Revenue Service and also taught tax law.
We know the exact format, the exact process, and the exact system that will be used by the IRS to get your IRS tax Levy removed or release so you can go on with your life worry free.
Not only can we get your IRS tax Levy removed or released we can all we can also settle your case as well.
There are two types of IRS levies 668-A & 668-W
The bank levy.
An IRS bank levy will be sent to any source the IRS has on their system as a result of the IRS obtaining financial or banking information by third parties who reported to the Internal Revenue Service over the last three years.
If you’ve written IRS a check or have received a 1099 those are usually adequate sources that IRS will go ahead and send out an IRS tax Levy.
What is unusual about the IRS bank levy is that it freezes the money in the account for a period of 21 days. You can continue to use the account but the money that was in the account the day the IRS levy hit the bank will be frozen.
The IRS gives you that 21 day period to contact IRS, settle your case, and get your IRS tax Levy removed or released.
The wage levy.
The wage levy is a continue in garnishment. It will never stop until the Internal Revenue Service sends a release to your employer. Upon receiving in IRS notice of levy on your wages you should immediately contact the IRS to start the process so you can get your next paycheck back.
What is required to get an IRS tax Levy removed
IRS will require a current financial statement which will be on IRS form 433-F.
IRS will fully review and conduct a complete analysis of your financial statement including pay stubs, bank statements, and all income and expenses.
After the Internal Revenue Service reviews the statement they will explore the different tax options to remedy the case.
As a general rule on IRS will either put your case into an economic tax hardship because you do not have enough income to pay your expenses, IRS will suggest you make an installment or payment agreement with them, or IRS will suggest you are a candidate for an offer in compromise or a tax debt settlement.
If you need an immediate and permanent results contact us today and let us go ahead and get your IRS tax levy removed in your case settled.
IRS can usually levy only after these three requirements are met:
1. The Internal Revenue Service assessed the tax and sent you a Notice and Demand for Payment,
2. You neglected or refused to pay the tax and,
3. 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.
IRS has options. 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.
Note : if we 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.
If the IRS determines the levy is creating an immediate economic hardship, the levy may be released immediately.
A 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.
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.
You must file your request within 30 days of the date on your notice.
Get a IRS Tax Levy Removed by Former IRS agents – We Know the System
by Fresh Start Tax | Apr 16, 2013 | Tax Levy and Wage Garnishments
Wage Garnishment Release Help – IRS Resolution & Settlement 1-866-700-1040
It is best to let former IRS agents and managers get you an in immediate and permanent release of an IRS wage garnishment and tax settlement.
What taxpayers should know about the IRS wage garnishment (668W ) is that it is a continual levy that it never stops until the IRS formally sends over a levy release to the employer.
If the IRS has just send a wage tax garnishment to your employer contact us today to get IRS release Levy help.
There is an exact system and protocol that will need to be followed to get your wage garnishment released. It is very possible if taxpayers have the correct information to get a wage garnishment levy released the same day or usually no longer than three days.
We are comprised of former IRS agents and managers and we know the exact systems, the exact protocol in the exact forms necessary to go ahead and not only get sure wage garnishment levy released but also settle your case.
IRS must give you Notice before they can issue a Wage Garnishment
IRS can usually levy only after these three requirements are met:
1. IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. 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.
How IRS must deliver the Notice
a. IRS may give you this notice in person,
b. Leave it at your home or your usual place of business,
c. Or send it to your last known address by certified or registered mail, return receipt requested.
If your Employer Threatens to Fire Taxpayer Because of a Levy
Sometimes an employer threatens to fire an employee to avoid handling a levy.
This might be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
You should refer the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.
Continuous Effect of Levy on Salary and Wages
Unlike other IRS Tax levies, a levy on a taxpayer’s wages and salary has a continuous effect.
It attaches to all future payments, until the IRS Wage Garnishment levy is released.
Wages and salary include fees, bonuses, commissions, and similar items.
All other IRS levies only attach to property and rights to property that exist when the levy is served.
If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.
When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to.
If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.
IRS Levy 668A
A Form 668-A is issued to levy an author’s royalties. The author has a fixed and determinable right to royalties for books that have already been published. The levy reaches royalties for sales of those books in the future.
The levy does not reach royalties for books that are written and published later. A new levy must be served to take those royalties.
A Form 668-W can be issued to levy a taxpayer’s retirement income.
The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.
Also, see IRM 5.11.6.12, Levy on Non-Liable Spouse in a Community Property State for guidance when the wage levy on the non-liable spouse is not continuous.
Exempt Levy Garnishment Amounts
Part of the individual taxpayer’s wages, salary, (including fees, bonuses, commissions and similar items) and other income, as well as retirement and benefit income, is exempt from levy.
The weekly exempt amount is:
The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.
Then, this total is divided by 52.
Income that is not paid weekly is prorated, so the same amount is exempt.
In addition, the amount the taxpayer needs to pay court ordered child support is exempt.
IRS Resolution and Settlements
Offers in Compromise /Tax Settlements
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
Offers in compromise are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an IRS offer or settlement will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
Wage Garnishment Release Help – IRS Resolution & Settlement – Former Agents know System
