by Jim Magary | May 21, 2015 | Tax Help
We can get your IRS tax levy or wage garnishment levy released within 24 hours and settle your case at the same time, AFFORDABLE.
As Former IRS Agents and Managers we know the system inside and out.
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.
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 understand the system because we worked the system for over 60 years and were teaching instructors at IRS that taught others their jobs at the IRS.
The Process to get your IRS Tax Levies Removed = Bank and 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.
Tax fact, IRS levies 1.9 million taxpayers every year. so you are not alone. If taxpayers do not answer IRS final notices and letters the tax levy systematically get sent.
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.
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. IRS will also expect all your tax returns to be current and filed.
That financial statement will be on IRS form 433F that you can find directly on our website. If the cases in the local office the revenue officer will want the documented 433a
This financial statement will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
IRS will not release a tax levy or wage garnishment levy until they see a fully verified financial statement, there is no way out of this.
You want to make sure you’re very truthful and honest with the statement because IRS has ways to find out the credibility of your finances.
IRS will compare your financial statement with that of the national local and regional averages and come up with a determination.
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.
How cases close off the IRS computer system.
Approximately 6.5 million taxpayers have their cases resolve via a payment agreement and 40% of those get resolved through an IRS tax hardship. 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.
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.
If you need to file back tax returns we can do so with little or no records.
We are A+ rated by the Better Business Bureau, we have been in private practice since 1982.
by Jim Magary | May 21, 2015 | Tax Help
We are affordable professional tax firm that has been resolving IRS problem since 1982, A+ rated by the BBB. Former IRS.
If you owe IRS BACK TAXES, we have different solutions to remedy your IRS tax problem.
We are tax experts for releases and removal IRS tax levies, provide IRS tax defense and IRS tax representation for IRS tax audit, IRS tax settlement experts, and for those wishing to make payment agreements with the Internal Revenue Service.
Since 1982 we have been representing taxpayers and businesses before the Internal Revenue Service. We are true affordable IRS tax experts.
If you owe back IRS taxes and received a tax levy garnishment, have received an IRS notice of tax audit, in need of an IRS payment plan tax settlement or installment agreement call us today to hear every option available to you to get you immediate and permanent IRS tax relief.
Our former IRS agents have logged over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
As Former IRS employees we:
1. We taught tax law at IRS.
2. We have worked to supervisors, managers and teaching instructors.
3. We have worked in almost every facet of the Internal Revenue Service
To Remove or Release a IRS Tax Levy = Tax Relief on back IRS and State Taxes
IRS usually levies one point nine million taxpayers and businesses each and every year so have you if you have received an IRS tax levy you are not alone.
IRS is the largest collection and billing machine in the world. IRS tax levy goes out systemically not a human hand catches a tax levy.Your levy information is obtained from your tax return turn via W-2s and 1099 in other reporting information given to IRS.
An IRS tax Levy usually comes in two forms.
- Bank levy or an IRS wage garnishment levy.
Both IRS tax levies are different. It is important for you to understand the difference.
An IRS Bank Levy puts a freeze on your money for 21 days where an IRS wage garnishment levy is an immediate seizure of your paycheck. The bank will send your frozen funds to IRS on the 22nd day.
The IRS will give you 21 days to work out a settlement before they receive the funds. your employer is mandated by law to send your next paycheck to the Internal Revenue Service if they have received a wage garnishment notice.
Certain exemptions apply but approximately 80% of your check will go to the Internal Revenue Service because of the IRS tax levy garnishment.
If you want your money back is a result of a wage garnishment levy you will have to communicate with the Internal Revenue Service or quit your job and work elsewhere.
Within 24 hours of receiving your current financial statement, and as a general rule we can get your IRS bank tax levy garnishment released and your case settled with the Internal Revenue Service.
There are very specific methodologies to getting your tax levy released.
As former IRS agents we understand every system necessary to make this a seamless and easy process for you. Not only will we get your tax levy released we will settle your case at the same time.
If you are undergoing an IRS tax audit you can have a former IRS audit manager provide your best possible tax defense and represent your best interest during an IRS tax audit. We can make sure you pay the lowest amount of tax allowed by law.
If you will owe money we will work out tax settlement and if necessary take your case to tax appeals are tax court if warranted.
If you are wishing for an IRS tax settlement called an offer in compromise, we will be happy to walk you through the IRS prequalifier tool to see if you’re a suitable candidate before filing any offer in compromise.
I am a former IRS revenue officer and work the offer in compromise program is a former employee.
IRS settles 40% of all offers and compromises that are filed for an average of $6500. Please keep in mind this national average is solely based on individual financial statements and serves as an average.
If those who wish to make payments to the Internal Revenue Service to resolve their debt, we will walk you through the financial statement and make an affordable payment that you can live with.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Call us today for a free initial tax consultation.
Owe Back Taxes = IRS Tax Levy Garnishments, Tax Audit, Tax Settlement, IRS Payment, Installment Plans, Affordable – Former IRS + Salt Lake City, West Valley, Provo, West Jordan,
by Jim Magary | May 21, 2015 | Tax Help
We are a full-service Christian tax firm specializing in all IRS & State of Utah tax matters and problems. <><
We have been in private practice since 1982 and are a biblical-based tax firm.
We are A+ rated by the Better Business Bureau.
Proverbs 12:15 ESV
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14 ESV
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
FST can handle any IRS or State tax matter, tax problem and offer options and resolutions to bring your IRS or State tax problem to immediate and permanent end. We are the affordable professional tax firm.
All our work is done in-house by true Christian tax professionals.
We have over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service. We have worked in the local, district, and regional tax offices of the Internal Revenue Service.
Our former IRS agents have worked as managers, supervisors, teaching instructors.
On staff are Christian tax attorneys, Christian tax lawyers, Christian certified public accountants, Christian enrolled agents and Christian former IRS agents.
We are a solid biblical-based firm.<><
If you are looking for any tax relief from the Internal Revenue Service we are a full-service firm with expertise in all IRS matters.
We could get an IRS levy releases in 24 hours of receiving your current financial statement, represent you during an IRS tax audit or negotiate an IRS tax settlement.
Call us today for a free initial tax consultation.
Christian IRS Tax Relief – IRS Levy Relief, Settle Tax Debt, Not Filed Tax Returns, Audits, IRS & State Tax Representation = Salt Lake City, West Valley, Provo, West Jordan,
by Jim Magary | May 20, 2015 | Tax Help
We are an AFFORDABLE full service tax firm that specializes in IRS tax problems. We are the affordable professional choice that have been in practice since 1982.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
If you need to file back tax returns or owe the IRS a tax debt, we can go ahead and work out an effective tax settlement for you.
Taxpayers who owe back taxes generally can settle their case by IRS after reviewing your current financial statement putting them into a current hardship, asking for a monthly payment agreement or will consider the filing of an offer in compromise.
Do you have unfiled or not file tax returns?
Many people do not file back tax returns because they lost their records.It is important to remember IRS just want you back in the system so don’t let fear or panic set in.
If this is your case, we can go ahead and pull IRS tax transcripts and secure enough information to file back tax returns. If you have little or few tax records that is not a problem we can prepare your returns under reconstructive methods ensure you will pay the lowest amount allowed by law. being a former IRS agents we understand all the techniques to get you back in the system worry free.
Do not let not having records keep you from filing your back tax returns.
I caution those taxpayers who do not file to be very careful because IRS can file your tax return under 6020 B and you will pay the most amount allowed by law.
If you wish to settle your tax debt with Internal Revenue Service they will require a current documented financial statement on their forms.
We will give you a free evaluation or analysis on the best way to settle your case for the lowest possible dollar amount if you are a suitable candidate for an offer in compromise.
Call us today and speak directly to a former IRS agents who knows the system of filing back tax returns and settling your IRS tax debt.
We are the fast friendly and affordable professional tax firm, since 1982 A+ rated by the Better Business Bureau.
Unfiled Back Tax Returns, Tax Levy, Tax Liens, Payment Plans, Offer in Compromise Settlements, Former IRS + Salt Lake City, West Valley, Provo, West Jordan,
by Jim Magary | May 20, 2015 | Tax Help
ACA affects Employers with 50 or more Employees
Some of the provisions of the Affordable Care Act, or health care law, apply only to large employers, which are generally those with 50 or more full-time equivalent employees.
These employers are considered applicable large employers – also known as ALEs – and are subject to the employer shared responsibility provisions and the annual employer information return provisions.
For example, in 2016 applicable large employers will have annual reporting responsibilities concerning whether and what health insurance they offered in 2015 to their full-time employees.
All employers, regardless of size, that provide self-insured health coverage must file an annual return reporting certain information for individuals they cover. The first returns are due to be filed in 2016 for the year 2015.
Effective for calendar year 2015, ALEs with 100 or more full-time or full-time equivalent employees will be subject to the employer shared responsibility provision and therefore may have to make a shared responsibility payment.
This applies to employers that do not offer adequate, affordable coverage to their full-time employees and one or more of those employees get a premium tax credit.
The employer shared responsibility provisions will be phased in for smaller ALEs from 2015 to 2016.
Calculating the number of employees is especially important for employers that have close to 50 employees or whose workforce fluctuates throughout the year.
To determine its workforce size for a year an employer adds its total number of full-time employees for each month of the prior calendar year to the total number of full-time equivalent employees for each calendar month of the prior calendar year and divides that total number by 12.
Employers with more than 50 cannot purchase health insurance coverage for its employees through the Small Business Health Options Program – better known as the SHOP Marketplace.
However, Employers that have exactly 50 employees can purchase coverage for their employees through the SHOP.
by Jim Magary | May 20, 2015 | Tax Help
I am a former IRS agent and teaching instructor with the Internal Revenue Service .
I am an expert in tax debt forgiveness through the offer in compromise program.
It is the only program available within the internal revenue service that allows for tax debt forgiveness. Do not be fooled by false advertisng, check with us first.
Last year the internal revenue service received over 78,000 offers in compromise for taxpayers to get tax debt forgiveness.
38% of those offers in compromise for tax debt forgiveness were accepted for the Internal Revenue Service for an average of $6500.
Keep in mind that your financial statement alone will determine if and when IRS will forgive your back tax debt.
The tax debt forgiveness program, the offer in compromise, is not for everyone.
I would urge all taxpayers to walk to the offer in compromise pre-qualifier for tool to find out if they were eligible for tax debt forgiveness.
I also caution all taxpayers finding companies on the Internet to make sure they are true tax debt forgiveness specialists. Most companies you see on the Internet are no more than lead generation companies selling your information to third parties.
Please see below the offer in compromise or tax debt forgiveness program offered by Internal Revenue Service and the different rules and regulations that go with it.
Call us today for free initial tax consultation and we will walk you through the process to find out if you’re qualified in suitable candidate for tax debt forgiveness to the offer in compromise program of the Internal Revenue Service
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS will consider your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time, payment options before submitting an offer in compromise.
The Offer in Compromise program is not for everyone.
Before IRS will consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer in compromise
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).
Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option
Your initial payment will vary based on your offer and the payment option you choose:
• Lump Sum Cash:
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. See your application package for details.
Understand the process
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.
IRS Tax Debt Forgiveness, Offer in Compromise Program, Former IRS, Experts in Tax Debt Relief
