by Jim Magary | Jan 25, 2016 | Tax Help
We are an Affordable local professional tax firm with over 65 years of direct IRS work experience. Since 1982. Local Experts IRS experts.
We worked out of the local South Florida IRS offices. We worked in the audit, collections, and appeals division as well as former IRS teaching instructors.
We know the system inside and out and are some of the most affordable, trustworthy and notable experts in South Florida.
If you want to file an offer in compromise I thought you’d like to know what the statistics are.
Last year over 78,000 offers in compromise were filed by taxpayers and over 38% of those were accepted for average of $6500 per case. Much of the success of this program is due to the pre-qualifier tool.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement. Knowing the formulas that IRS uses is the best way to settle your debt for the lowest amount possible.
We will not file for an offer in compromise unless you are a true candidate for the program. There is an IRS pre-qualifier tool that we review with our clients before we file for the offer in compromise.
Upon your initial tax consultation we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
As a former IRS agent, I was a teaching instructor for the offer in compromise, the IRS tax debt settlement program. Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program.
However this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
You could hear the truth about the offer in compromise program when you call us.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
I know the system inside and out. As a former IRS agent I used to accept and reject offers in compromise.
I have heard countless horror stories from taxpayers who called me about firms that have ripped them off promising settlements.
As a former IRS agent I taught the offer in compromise program at the district training center as a former employee.
The question is pennies on the dollar possible to settle tax debt?
Yes, it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year.
With that being said there is much to say about this pennies on the dollar program called the offer in compromise.
At our firm we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS and in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
I would suggest anyone who wants to go ahead and settle their tax debt through the pennies on the dollar, offer in compromise program contact an experienced an honest tax professional, have them walk them through the pre-qualifier tool before they give their money to anybody.
If you have any questions or issues about the offer in compromise program to settle your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise. It is possible for the IRS to spend over 20 hours working an offer in compromise.
On cases over $100,000 it is typical they will check your credit report for the accuracy of your financial statement. The higher the dollar case the greater the due diligence.
Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
Right now there are over 7500 cases in the offer queue to be worked.
We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
TYPEs OF OIC PAYMENTS
• Lump Sum Cash Payment:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application.
Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process of OIC
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today for free initial tax consultation to see if you are a certified an eligible candidate for the offer in compromise program.
We call our office you will speak to a true IRS tax professional. So yes pennies on a dollar is possible, however make sure you’re a qualified candidate.
Call us today for a free initial tax consultation and speak to a true IRS expert about the offer in compromise the way to settle your tax debt for pennies on a dollar if you qualify.
When you call our office you will speak to true IRS tax expert to learn more about the offer in compromise and tax debt settlement program to reduce your IRS tax debt.
IRS Offer in Compromise + Settle Reduce Tax Debt + File Back Tax Returns + Former IRS + Pembroke Pines + 33082
by Jim Magary | 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!
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
by Jim Magary | 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
