by Fresh Start Tax | Nov 26, 2013 | Tax Help
Help getting IRS Tax Levy, Wage Garnishment Levy Removed – 954-492-0088 We Know the System, Free consults
Affordable Tax Solutions and Remedies
If you are currently dealing with the Internal Revenue Service and need immediate and permanent tax resolution contact us today and we can get your IRS tax levy or wage garnishment levy removed once and for all.
We can not only get your IRS tax Levy or wage garnishment levy removed we can also settle your case with the Internal Revenue Service at the same time.
We have worked hundreds and hundreds of cases right here in South Florida and are one of the most experience in seasons tax firms in Fort Lauderdale and Miami.
We are one of the most affordable choices for South Florida and have been in practice right here since 1982. We are A+ rated by the Better Business Bureau.
You need help dealing with a IRS Tax Levy or Wage Garnishment, contact Former IRS Agents today who know the remedies of relief.
Dealing with a IRS Tax Levy, Wage Garnishment, Tax Liens
Being a former IRS agents we have learned that most taxpayers fear getting an IRS tax Levy, a wage garnishment or have a federal tax lien filed against them.
Many taxpayers simply do not know what to do to avoid this IRS enforcement action.
But steps may be taken to avoid the IRS tax Levy, wage garnishment, and the filing of the federal tax lien.
Quick Tax Facts
The IRS files 2.8 million tax levies and wage garnishments each and every year,
The IRS files 920,000 federal tax liens each and every year,
The IRS settles 38% of all the cases they receive through the offer in compromise process
If federal debts go on pay the Internal Revenue Service will issue levies on bank accounts and on wages. There is a process that must take place before IRS can issue these enforcement procedures.
The IRS Process – Collection Action for Enforcement – IRS Tax Levy, Wage Garnishment Levy
For the IRS to proceed with any enforcement action the IRS is required by law to provide the taxpayer with:
1. Notice and demand for payment,
2. Notice of intent to levy,
3. Notice of a right to a Collection Due Process hearing,
The IRS accomplishes these requirements by sending a series of five letters, starting about six weeks after the taxpayer files a return. IRS works on a cycle system.
One week is one cycle. IRS may skip the cycles on repeated delinquents.
These tax notices are sent from there Cade 2 computer.
The five letters are sent by the to as the automated collection or ASC.
IRS collection notice stream cycle,
1.CP14,
2.CP501,
3.CP503,
4.CP504, and
5. L1058/LT11).
Should the taxpayer receive the last notice and does not pay the balance or make other arrangements to pay the balance, the IRS can levy the taxpayer’s income and assets, including garnishing wages and or self-employment income and seizing funds in bank accounts. These levy’s are on tax form, 668A, 668W.
Please note:
On all bank levies and there is a 21 when day freeze on your money. IRS gives taxpayers 21 days to get the levy lifted.
The IRS wage garnishment’s are immediate seizures and the money will be sent to IRS on your next paycheck.It is very important you contact IRS the day you get the wage garnishment.
How to Immediately Avoid an IRS Levy
If you know the balance is due and owing, it’s best to call the Internal Revenue Service and walk through the process of obtaining a settlement. Call the number on your notice or a tax professional like our firm. We can help you immediately.
When calling the IRS to avoid a tax levy or Wage Garnishment, the IRS will want a current financial.
IRS will want a collection information statement or financial statement. You can find that form on our website. They are usually on form 433-F or a 433A.
After you complete the form you will need to sent or fax to the IRS a copy of completed form along with your income verification (pay stubs) expenses, copy your bank statements, and verification of all monthly and installment expenses.
The IRS will carefully review the statement before reaching a conclusion.
Key Tip:
I recommend that all taxpayers call the IRS and have a fax machine nearby. If IRS has already issued the IRS tax Levy or notice of wage garnishment and they receive a fully completed financial statement along with all documentation they can release the tax levy and wage garnishment that day.
Note – The IRS will compare that financial statement against the national and regional expenses in your area and apply the national standards test to your financial statement. The National Standards are on our site as well.
It is best to contact a professional tax firm to make sure your financial statement is correct and you get the very best deal possible.
After the review of your financial statement the IRS will place you in one of three categories.
They have the option of placing you into a:
1. Current Hardship,
2. Installment Agreements/Payment Agreement,
3. Have you Filing an Offer in Compromise.
One simple, common solution is an extension of time to pay the balance in full.
IRS extensions allow you up to 120 days to pay the balance and avoid a levy.
What about a Tax Settlement called the Offer in Compromise
The IRS offer in compromise (OIC) is a collection alternative that settles a taxpayer’s tax debt for less than the amount owed, and it also suspends levy actions.
It’s important to note that if the IRS determines that you are purposely delaying the collection process, the IRS can use liens and/or levies even while it considers your request for a collection alternative.
It is critical you file all your back tax returns and make sure your courage on your withholding or estimated tax payments.
IRS Tax Lien vs. IRS Tax Levy, these are always mixed up.
A lien is not a levy.
A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy actually takes the property to pay the tax debt.
If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
If you live in the South Florida area contact us today and we can give you the help you need to get your IRS tax levy or wage garnishment levy removed and released.
Help getting IRS Tax Levy, Wage Garnishment Levy Removed – Ft.Lauderdale, Miami
by Fresh Start Tax | Nov 26, 2013 | Tax Help
You need help dealing with a IRS Tax Levy or Wage Garnishment, contact Former IRS Agents today who know the remedies of relief.
Dealing with a IRS Tax Levy, Wage Garnishment, Tax Liens
Being a former IRS agent I have learned that most taxpayers fear getting an IRS tax Levy, a wage garnishment or have a federal tax lien filed against them.
Many taxpayers simply do not know what to do to avoid this IRS enforcement action.
But steps may be taken to avoid the IRS tax Levy, wage garnishment, and the filing of the federal tax lien.
Quick Tax Facts
- The IRS files 2.8 million tax levies and wage garnishments each and every year,
- The IRS files 920,000 federal tax liens each and every year,
- The IRS settles 38% of all the cases they receive through the offer in compromise process
If federal debts go on pay the Internal Revenue Service will issue levies on bank accounts and on wages. There is a process that must take place before IRS can issue these enforcement procedures.
The Process – Collection Action for Enforcement
For the IRS to proceed with any enforcement action the IRS is required by law to provide the taxpayer with:
- Notice and demand for payment,
- Notice of intent to levy,
- Notice of a right to a Collection Due Process hearing,
The IRS accomplishes these requirements by sending five letters, starting about six weeks after the taxpayer files a return. IRS works on a cycle system. One week is one cycle.
These tax notices are sent form there Cade 2 computer.
The five letters are sent by the to as the automated collection or ASC.
IRS collection notice stream cycle,
1.CP14,
2.CP501,
3.CP503,
4.CP504, and
5. L1058/LT11).
Should the taxpayer receive the last notice and does not pay the balance or make other arrangements to pay the balance, the IRS can levy the taxpayer’s income and assets, including garnishing wages and or self-employment income and seizing funds in bank accounts. These levy’s are on tax form, 668A, 668W.
Please note:
On all bank levies and there is a 21 when day freeze on your money. IRS wage garnishment’s are immediate seizures and the money will be sent to IRS on your next paycheck.
How to Immediately Avoid an IRS Levy
If you know the balance is due and owing, it’s best to call the Internal Revenue Service and walk through the process of obtaining a settlement. Call the number on your notice or a tax professional like our firm.
When calling the IRS to avoid a tax levy or Wage Garnishment, the IRS will want a current financial.
IRS will want a collection information statement or financial statement. You can find that form on our website. They are usually on form 433-F.
After you complete the form you will need to sent or fax to the IRS a copy of completed form along with your income verification (pay stubs) expenses, copy your bank statements, and verification of all monthly and installment expenses. They will carefully review before reaching a conclusion.
Key Tip:
I recommend that all taxpayers call the IRS and have a fax machine nearby. If IRS has already issued the IRS tax Levy or notice of wage garnishment and they receive a fully completed financial statement along with all documentation they can release the tax levy and wage garnishment that day.
Please note – The IRS will compare that financial statement against the national and regional expenses in your area and apply the national standards test to your financial statement.
It is best to contact a professional tax firm to make sure your financial statement is correct and you get the very best deal possible.
After the review of your financial statement the IRS will place you in one of three categories. They have the option of placing you into a:
1. Current Hardships,
2. Installment Agreements,
3. Have you Filing an Offer in Compromise.
You may always ask for an extension.
One simple, common solution is an extension of time to pay the balance in full.
IRS extensions allow you up to 120 days to pay the balance and avoid a levy.
What about a Tax Settlement called the Offer in Compromise
The IRS offer in compromise (OIC) is a collection alternative that settles a taxpayer’s tax debt for less than the amount owed, and it also suspends levy actions.
It’s important to note that if the IRS determines that you are purposely delaying the collection process, the IRS can use liens and/or levies even while it considers your request for a collection alternative.
It is critical you file all your back tax returns and make sure your courage on your withholding or estimated tax payments.
IRS Tax Lien vs. IRS Tax Levy
A lien is not a levy.
A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy actually takes the property to pay the tax debt.
If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
Dealing with IRS Tax Levy, Wage Garnishment – Former IRS
by Fresh Start Tax | Nov 26, 2013 | Tax Help
IRS raises Federal Tax Lien Filing Thresholds – Former IRS
Fresh Start Notice of Federal Tax Liens
Increase in the Notice of Federal Tax Lien filing threshold
The Fresh Start changes increase the IRS Notice of Federal Tax Lien filing threshold from $5,000 to $10,000.
Notices of Federal Tax Liens may still be filed on amounts less than $10,000 when circumstances warrant.
The IRS will not retroactively apply the new $10,000 lien notice filing threshold and automatically withdraw a previously filed lien.
Requesting a lien withdrawal after the lien has been released
The IRS may now issue a withdrawal of a filed Notice of Federal Tax Lien after the lien has been released.
If you wish to have the Notice of Federal Tax Lien withdrawn, you must request the withdrawal in writing.
You need to use Form 12277, Application for Withdrawal (PDF). In item 11, Reason for requesting withdrawal, check the last box, “The taxpayer, or the Taxpayer Advocate acting on behalf of the taxpayer, believes withdrawal is in the best interest of the taxpayer and the government.”
Need to settle your IRS case, call us today.
IRS raises Federal Tax Lien Filing Thresholds – Former IRS
by Fresh Start Tax | Nov 26, 2013 | Tax Help
How to Get a Release of the Federal Tax Lien
We are comprised of Former IRS agents that can help you with any IRS problem you may have.
Great News for the taxpayer, the Fresh Start changes increase the IRS Notice of Federal Tax Lien filing threshold from $5,000 to $10,000.
Notices of Federal Tax Liens may still be filed on amounts less than $10,000 when circumstances warrant.
The IRS will not retroactively apply the new $10,000 lien notice filing threshold and automatically withdraw a previously filed lien.
Requesting a lien withdrawal after the lien has been released
The IRS may now issue a withdrawal of a filed Notice of Federal Tax Lien after the lien has been released.
If you wish to have the Notice of Federal Tax Lien withdrawn, you must request the withdrawal in writing.
You need to use Form 12277, Application for Withdrawal (PDF). In item 11, Reason for requesting withdrawal, check the last box, “The taxpayer, or the Taxpayer Advocate acting on behalf of the taxpayer, believes withdrawal is in the best interest of the taxpayer and the government.”
Generally, eligibility requirements are:
- Your tax liability has been satisfied and your lien has been released,
- You are in compliance for the past three years in filing,
- All individual and business returns,
- You are current on your estimated tax payments and federal tax deposits, as applicable.
Notice of Federal Tax Lien withdrawal after entering into a Direct Debit installment agreement.
If you are a qualifying taxpayer and meet the eligibility requirements, you may have your filed Notice of Federal tax Lien withdrawn after entering into a Direct Debit installment agreement.
Your request for lien withdrawal must be in writing.
Form 12277
Please use Form 12277, Application for Withdrawal (PDF). In item 11,
“Reason for requesting withdrawal,” check the third box , “The taxpayer is under a Direct Debit Installment Agreement.“
Qualifying taxpayers are:
- Businesses with income tax liability only
- Out of business entities with any type of tax debt
Eligibility Requirements are:
- The current amount you owe must be $25,000 or less
- If you owe more than $25,000, you may pay down the balance to $25,000 prior to requesting the lien withdrawal to be eligible
- Your Direct Debit Installment Agreement must full pay the amount you owe within 60 months or before the Collection Statute expires, whichever is earlier
- You must be in full compliance with other filing and payment requirements
- You must have made three consecutive direct debit payments
- You cannot have previously received a lien withdrawal for the same taxes unless the withdrawal was for an improper filing of the lien
- You cannot have defaulted on your current, or any previous, direct debit installment agreement
- If you are currently on a regular installment agreement, you may convert to a Direct Debit Installment Agreement.
How to Get a Release of the Federal Tax Lien – Former IRS
by Fresh Start Tax | Nov 26, 2013 | Tax Help
IRS Representation, Since 1982 – Tax Defense + 954-492-0088
We are Former IRS agents who know the system. Call us today and find out the truth.
We are one of the most affordable and experienced professional tax firms in South Florida.
We are a local South Florida tax firm that specializes in IRS and state tax representation.
We handle IRS audits and any matters dealing with the collection division including offers in compromise, pay agreements and hardship settlements.
We have over 250 years of combined federal and state tax experience and where over 60 years of working directly for the Internal Revenue Service and the local South Florida offices.
We are A+ rated by the Better Business Bureau.
Having worked for IRS for a combined 60 years we understand all the settlement theories, and the ways IRS close cases.
You can call us today for a free initial tax consultation and hear the truth about your case from affordable and experienced tax professionals.
Areas of Professional Tax Representation
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Full Service Accounting Tax Firm,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A” Plus
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
New IRS Programs that may Help You
Federal Tax Liens.
The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien.
That amount is now $10,000. However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.
When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien.
Taxpayers must request this in writing using Form 12277, Application for Withdrawal.
Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement.
Taxpayers may also need to request this in writing by using Form 12277.
If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.
IRS Installment Agreements.
The Fresh Start program expanded access to streamlined installment agreements. Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years). While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer. The easiest way to apply for a payment plan is to use the Online Payment Agreement tool at IRS.gov. If you don’t have Web access you may file Form 9465, Installment Agreement, to apply.
Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement.
In these cases, the IRS may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.
IRS Offers in Compromise.
An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount.
Fresh Start expanded and streamlined the OIC program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes the offer program available to a larger group of taxpayers.
Call us today and we can talk to you about these programs and how they may be of benefit to you.
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction
- Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
IRS Representation – Audit, Collections Tax Defense – Affordable Experts – Ft.Lauderdale, Miami, Palm Beaches
by Fresh Start Tax | Nov 26, 2013 | Tax Help
Standard Mileage Rates 2013
Driving your vehicle? Here are your mileage rates for this year.
Standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56.5 cents per mile for business miles driven.
- 24 cents per mile driven for medical or moving purposes.
- 14 cents per mile driven in service of charitable organizations.
The rate for business miles driven during 2013 increases 1 cent from the 2012 rate. The medical and moving rate is also up 1 cent per mile from the 2012 rate.
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle.
In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.
These and other requirements for a taxpayer to use a standard mileage rate to calculate the amount of a deductible business, moving, medical, or charitable expense are in Rev. Proc. 2010-51.
Notice 2012-72 contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.
Standard Mileage Rates 2013
