by Jim Magary | Jul 21, 2015 | Tax Help
We are IRS specialist for the offer in compromise for those wishing to settle their IRS tax debt. Former IRS Agents, since 1982.
We are composed of former IRS agents and managers who were former employees of the Internal Revenue Service.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. As former IRS agents we taught tax law to new employees.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise.
Last year there were 78,000 offers in compromise were filed with the Internal Revenue Service, 38% of those were accepted for an average of $6500 per case. Right now the current wait time of an offer in compromise is nine months. About 20% of all offers in compromise go to the Appellate Division for settlement.
You should know that not everyone is an offer in compromise candidate to settle their tax debt.
The best thing that you can do was walk through the pre-qualifier tool to make sure you’re a qualified candidate or call our office today and we will walk you through the process.
Please keep in mind that if you have had an offer in compromise rejected you may file another offer at any point in time.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are a full-service professional tax firm that has a unique expertise in the resolution of all IRS tax matters.
Hear the truth today from an expert tax firm on IRS tax resolution matters. We are the fast, friendly, and affordable professional tax firm.
Affordable + Offer in Compromise + Settle Back IRS Tax Debt + File Back Tax Returns + Former IRS + Detroit, Grand Rapids, Warren, Sterling Heights
by Jim Magary | Jul 21, 2015 | Tax Help
Former AFFORDABLE IRS agents and managers can completely resolve and end your IRS tax problems.Since 1982, A plus rated.
FST specializes in IRS back tax problem help and we have been in private practice since 1982. We are A+ rated by the Better Business Bureau.
FST can stop an IRS final notice prevent, stop an IRS tax levy or wage garnishment and settle in IRS tax debt through the offer in compromise if you are a suitable candidate. See more below.
We will handle your IRS tax problem, you will never speak to the Internal Revenue Service. We handle all communication.
IRS Back Tax Debt Problem Help
As a former IRS agents we were auditors, revenue agents, revenue officers, supervisors and taught at the regional training centers.
We know the IRS system inside and out, we taught IRS tax law as former IRS Agents.
With that much experience we understand the codes, protocols, settlement theories , and all the avenues to resolve any IRS back tax debt problem.
We can stop an IRS final notice, we can stop an IRS tax or wage garnishment levy and file any back tax returns that are currently not on file. We can reconstruct your tax return.
It is very important that every taxpayer respond to letters and notices out by the Internal Revenue Service. These IRS notices or time sensitive and IRS will follow-up with enforcement action if taxpayers failed to respond to IRS notifications.
Do not put your head in the sand because IRS will follow-up I know this being a former IRS agent and manager.
If you do not file your tax returns, IRS will file for you under code section 6020B, assess the tax , and then can send out bank and wage garnishment levies. They can also follow-up by filing a federal tax lien.
IRS enforcement computer CADE2 will follow-up on every action of a letter sent.It is the IRS collection beast.
IRS sends out 1.9 million tax levies each and every year. This includes bank levies and wage garnishment levies or third party seizures.
Not only does it send out IRS tax levies it also sends out 700,000 federal tax liens every year as well. They are a billing beast.
As a general rule, within 24 hours we can get your money back from Internal Revenue Service.
The closing method the IRS will use will depend currently on your financial statement.
As a general rule, cases either will be placed and to currently not collectible status or installment agreement.
Once we have your documented financial statement your case can will be resolved. Just for your information if you received an IRS wage levy by law your next paycheck goes to the Internal Revenue Service with some exemptions.
With a IRS bank levy there is a 21 day hold or freeze on the account. You can still continue to use your bank account.On the 22nd day the banks will send the money to the Internal Revenue Service. Remember you are allowed to use your account freely during that period of time without fear of the second IRS levy.
The IRS will make sure that all your tax returns are filed and as a general rule will attempt to secure current financial statement so they can take your case off of all IRS enforcement computers.
With that in mind, the Internal Revenue Service will generally remedy your case by putting it into a non-collectible file, asking you to make payments, or letting you know you could be a choice candidate to settle your debts through the offer in compromise program.
Settling your IRS tax debt through the Offer in Compromise/Tax Debt Settlements
I am a former IRS revenue officer who not only worked the program at IRS but was a regional trainer of the program.
I caution any taxpayer wanting to settle their debt for pennies on the dollar to make sure they are qualified applicants for the program.
When you call our office we will give you an initial free consultation to make sure you qualify.
We will walk you through the IRS offer in compromise program and let you know how much the IRS will settle your case for.
Since 1982, A+ rated by the Better Business Bureau. Over 206 years of professional tax experience.
We are the fast and affordable professional tax firm.
Stop IRS Tax Problem – IRS Final Notice, Tax Levy Garnishment, Bank & Wage Releases, File Back Returns, Offer in Compromise =Detroit, Grand Rapids, Warren, Sterling Heights
by Jim Magary | Jul 17, 2015 | Tax Help
We are “AFFORDABLE” Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, wage garnishment levies & IRS tax debt settlements.
We know the system, since 1982, A + Rated BBB. We have over 206 years of professional tax experience.
Within 24 hours of receiving your current financial statement and as a general rule we can get an IRS banker tax levy garnishment released.
IRS files 1.9 million tax levies each year and files over 700,000 federal tax liens each year.
These numbers vary from year to year.
IRS is very generous in sending out tax federal liens and tax levies. It is their number one collection tool. It is responsible for collecting billions of dollars into the US treasury. Also to send out IRS levies is very cheap. IRS tax levies are sent out systematically, and not a human hand touches the levy. IRS gets their levy sources from your tax return, that is your employers and your bank information.
If the IRS has filed a IRS tax lien or IRS levy, you are not alone.
There is a fast and easy system to go ahead and get your money back from the Internal Revenue Service.
We have a streamlined process to get your money back from IRS. We know the system having worked for IRS for over 60 you combined years.
You will never have to speak to IRS. We handle all the IRS communication.
IRS Tax Levies
There is a different between a bank levy and wage levy.
The IRS bank levy has a 21 day hold or freeze on the account and an IRS wage garnishment levy is an immediate tax levy on your next paycheck.
With the IRS wage garnishment levy certain exemptions may be taken. But it’s a continuous levy and garnishment until you get your levy released by calling the IRS. IRS has the option of not releasing your levy until all tax returns are filed.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS.
It only makes sense as former IRS agents and managers, we know the system inside and out. Just how well do we know the system, we were former IRS teaching instructors.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service and we know the system inside and out.
When you call our office we will go over the different ways you can settle your tax debt completely with the IRS. There are three general ways to get IRS tax levies released.
Required for IRS Tax Levy, IRS Bank, IRS Wage Tax Garnishment Releases.
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy.
The IRS financial statement is required documentation before they can close any case.
The IRS financial statement will need to be a form 433F.
The local office does a much more thorough review than that of the ACS unit. There is also a higher pay grade agent working the case. The persons working these cases will be called IRS revenue officers.
IRS will require the last payments based statements, copy them all mostly expenses and a copy of your pay stub to verify your current financial statement.
IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer.
You can find the national standards on our website. It is very important to know the system.
As a general rule IRS settles case by putting them into a tax hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
The offer in compromise is a more complicated process and it really takes a skilled tax professional to get an offer accepted. The current wait time for offers in compromise or nine months.
Last year 40% of all IRS collection cases ended up and were currently not collectible file and 6.5 million cases ended up with payment plans. Once again, everything depends on your current financial statement.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
You may want to check out the IRS pre-qualifier tool to make sure that you are an eligible candidate for a tax settlement.
Not everybody is eligible for the offer in compromise program.
We will review with you the IRS offer in compromise to see if you can settle your debt for pennies on a dollar.
What is a Tax levy anyway???
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
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. For instance,
IRS could 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).
We usually levy only after these three requirements are met:
IRS assessed the tax and sent you a Notice and Demand for Payment;
• You neglected or refused to pay the tax; and
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 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.
REMOVE IRS BANK & WAGE GARNISHMENT TAX LEVY NOW + IRS TAXES HELP + OFFER IN COMPROMISE + Back UnFILED TAX RETURNS + Detroit, Grand Rapids, Warren, Sterling Heights
by Jim Magary | Jul 17, 2015 | Tax Help
We are an “Affordable Professional Tax Firm” that specializes in IRS and state tax resolution. We are former IRS Agents & Managers who know the system, since 1982. A plus Rated.
We have been in private practice since 1982 and are true affordable tax experts in resolving individual, business and payroll taxes debt.
We have over 206 professional tax experience and are comprised of tax attorneys, CPAs and former IRS agents.
If you owe the Internal Revenue Service back taxes or back tax debt, it only makes sense to hire former IRS agents and managers who know the system inside and out.
We understand all the protocols and systems to affordably and swiftly deal with any IRS tax issue.
We can help anyone who owes any federal, State, individual, business, or payroll taxes including those who have not filed back tax returns and those wishing to settle IRS tax debt. We handle all issues from a simple notice or letter to going to tax court.
We have over 60 years of direct work experience at the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
If you owe back taxes whether it be individual, business/corporate, back payroll taxes contact us today and we can review with you different tax solutions to go ahead and permanently and immediately remedy your problem from the Internal Revenue Service.
Filing of Tax Returns
If you have not file tax returns, our former IRS agents can prepare your back tax returns with little or no records and settle your tax debt at all at the same time.
Make sure you file your back tax returns because IRS enjoys the privilege of filing your back tax returns under 6020 B of the code if you fail to file back taxes.
They will file your return to make sure you pay the highest amount allowed by law. If this is happened to you, you can file for an IRS audit reconsideration.
IRS Required Financials Statements to settle cases on back taxes
If you owe back taxes and as a general rule your financial statement will determine how IRS will close your settle your case. Form 433F.
If you owe individual, business or payroll taxes, we will take a current financial statement contact the IRS and work out an affordable individual or business payment plan and/or file and settle the tax if applicable.
It is critical that you understand the importance of your current financial statement because it will determine the outcome of your case.
Your last 3 to 6 months of your financial condition is IRS’s determining factor on your case resolution.
Most cases in which back tax debt is owed to Internal Revenue Service will require a current and verifiable financial statement. You can find those financial statements directly on our website. When you call us we will give you the financial statement applicable to your case.
As a general rule, when taxpayers or businesses owe back individual or payroll taxes, IRS closes case out by putting them into hardships, asking for payments or the settlement through the offer in compromise. These are the three most common ways that IRS close cases off their enforcement computer.
40% of all taxpayers that owe back taxes to the IRS get put in the tax hardships, 6.5 million people get put into payment plans and 40,000 people get offers in compromise accepted.
We will explore every option and can get you the very best possible tax settlement.
Since 1982 we have been resolving IRS tax debt for individuals, businesses and corporations that owe back federal taxes including payroll tax debt.
If you are undergoing IRS tax audit, we can have a former IRS audit manager represent you and provide your best possible tax defense.
Call us today for a free initial tax consultation.
by Jim Magary | Jul 17, 2015 | Tax Help
We are “AFFORDABLE” Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, wage garnishment levies & IRS tax debt settlements on back taxes.
We know the system, since 1982, A + Rated BBB. We have over 206 years of professional tax experience.
IRS files 1.9 million tax levies each year and files over 700,000 federal tax liens each year.
These numbers vary from year to year.
IRS is very generous in sending out tax federal liens and tax levies.It is their number one collection tool.
It is responsible for collecting billions of dollars into the US treasury. Also to send out IRS levies is very cheap. IRS levies are sent out systematically, and not a human hand touches the levy. IRS gets their levy sources from your tax return, that is your employers and your bank information. All this information is stored up on the cade2 computer.
If the IRS has filed a IRS tax lien or IRS levy, you are not alone, not by a long shot.
There is a fast and easy system to go ahead and get your money back from the Internal Revenue Service.
We have a streamlined process to get your money back from IRS. We know the system having worked for IRS for over 60 you combined years.
You will never have to speak to IRS. We handle all the IRS communication between you and the Internal Revenue Service.
IRS Tax Levies & Wage Garnishments
There is a different between a bank levy and wage levy.
The IRS bank levy has a 21 day hold or freeze on the account and an IRS wage garnishment levy is an immediate tax levy on your next paycheck.
With the IRS wage garnishment levy certain exemptions may be taken. But it’s a continuous levy and garnishment until you get your levy released by calling the IRS. IRS has the option of not releasing your levy until all tax returns are filed.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS.
It only makes sense as former IRS agents and managers, we know the system inside and out. Just how well do we know the system, we were former IRS teaching instructors.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service and we know the system inside and out.
When you call our office we will go over the different ways you can settle your tax debt completely with the IRS. There are three general ways to get IRS tax levies released.
Required for IRS Tax Levy, IRS Bank, IRS Wage Tax Garnishment Releases.
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy.
The IRS financial statement is required documentation before they can close any case.
The IRS financial statement will need to be a form 433F.
The local office does a much more thorough review than that of the ACS unit. There is also a higher pay grade agent working the case. The persons working these cases will be called IRS revenue officers.
IRS will require the last payments based statements, copy them all mostly expenses and a copy of your pay stub to verify your current financial statement.
IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer.
You can find the national standards on our website. It is very important to know the system.
As a general rule IRS settles case by putting them into a tax hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
The offer in compromise is a more complicated process and it really takes a skilled tax professional to get an offer accepted. The current wait time for offers in compromise or nine months.
Last year 40% of all IRS collection cases ended up and were currently not collectible file and 6.5 million cases ended up with payment plans. Once again, everything depends on your current financial statement.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
You may want to check out the IRS pre-qualifier tool to make sure that you are an eligible candidate for a tax settlement.
Not everybody is eligible for the offer in compromise program. Make sure you are qualified before spending any money.
We will review with you the IRS offer in compromise to see if you can settle your debt for pennies on a dollar.
I am a former IRS revenue officer in teaching instructor of the offer in compromise.
Tax Fact :To get your IRS Tax Levy release these are the forms used by the IRS.
1. Use Form 668–D, Release of Levy/Release of Property from Levy, to release a levy served on Form 668–W(ICS), 668-W(C)DO, Form 668–A(ICS), or 668-A(C)DO. Use Form 668–E, Release of Levy, to release seized property when Form 2433, Notice of Seizure, cannot be used.
2. Form 668–D can be used to release the levy in part or in full.
STOP IRS BANK & WAGE GARNISHMENT TAX LEVY NOW + OWE BACK IRS TAXES HELP + SETTLE IRS TAX DEBT + UNFILED TAX RETURNS + Detroit, Grand Rapids, Warren, Sterling Heights
by Jim Magary | Jul 17, 2015 | Tax Help
As former AFFORDABLE IRS agents and managers we can get your IRS tax levy garnishment released and your case closed all at the same time, fast and affordable, since 1982.
Over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We know the system so well we taught tax law to new IRS agents.
We also taught at the regional training centers.
If you have received an IRS tax levy, wage garnishment levy or wish to settle your tax debt call us today and hear the truth from IRS tax experts who have been in practice since 1982. We are a full service tax firm.
We know and understand the fastest and the most affordable way to go ahead and get a removal or release of an IRS tax or wage garnishment levy and settle your case to stop the IRS. Your financial statement is the key to fast IRS wage garnishments and bank levies releases.
The Process to get your Tax Levies Removed = IRS Levies on Bank and IRS Wage Garnishments
As former IRS agents we filed hundreds of tax levies so we understand the process and have a streamlined process to get an IRS tax Levy, Bank Levy wage garnishment levy released.
IRS Tax fact, IRS levies 1.9 million taxpayers every year. IRS files over 900,000 federal tax liens every year.
IRS levies because taxpayers do not respond to final notices that are sent as a result of 1058 letters. IRS sends those final notices the last known address.
If you have not responded to IRS as a result of that tax notice within six weeks of those dates you can expect an IRS bank or wage garnishment levy. IRS may follow that up with the filing of a federal tax lien. You want to make sure IRS withholds the filing of the federal tax lien because it is very damaging to your credit report.
Before IRS releases a tax levy, bank tax levy or wage garnishment they will want a current financial statement to make a determination of how to close your case off the IRS enforcement computer.
That financial statement will be on IRS form 433F that you can find directly on our website.
This financial statement will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
IRS will do a close analysis of your statement with that of the national, and localized standards. You can find the acceptable standards on our website. Both the US trustee in bankruptcy and the IRS uses same standards.
IRS will then release your IRS tax Levy, bank levy or wage garnishment and close your case generally with a payment agreement or by placing you in hardship.
Approximately 6.5 million taxpayers have their cases resolve via a payment agreement and 40% of those get resolved through an IRS tax hardship. The only way your case is removed from the IRS enforcement computers is by IRS reviewing your current documented financial statement.
Your financial statement will determine the way IRS deals with your situation.
Your levy can usually be released within 24 hours of IRS receiving your financial info. The only thing that slows us down is you getting the information to us.
If you owe tax to the IRS and need to settle your tax debt contact us today and we can get your IRS tax Levy, bank levy or wage garnishment released and your case settle all at the same time.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
REMOVE NOW IRS Tax Levy, Wage Garnishment & Settle IRS Tax Debt + Unfiled Tax Returns = Fast, Affordable = Detroit, Grand Rapids, Warren, Sterling Heights
