by Fresh Start Tax | Apr 2, 2013 | Tax Lawyer, Tax Levy and Wage Garnishments
IRS Levy – Back Tax Returns – IRS Tax Settlements – Tax Lawyers, Attorneys 866-700-1040
If you have been levied by the Internal Revenue Service call us today and we can start process of getting your money back TODAY.
IRS will require that you file all your back tax returns.
This process is a very simple one.
The IRS is required to send at least three notices to all taxpayers letting them know that money is owed to the Internal Revenue Service. If these bills or notices are not responded to, the IRS enforcement computer kicks in. This is the CADE 2 computer.
After the final notice is sent, the IRS then systemically sends out a tax levy to either a bank account and/or a wage garnishment to your employer.
IRS Bank Levies
Notes of interest.
On IRS bank levies. The bank must freeze the account for 21 days before any money is turned over to Internal Revenue Service. A taxpayer who has received an IRS bank levy thus has 21 days to call the IRS and get the bank levy released.
IRS wage garnishment levy’s
A IRS wage garnishment levy is much different than IRS bank levy. Upon the employer receiving the IRS garnishment, the employer must act on the wage garnishment immediately. There is no hold period.
There are special rules and conditions that exist on these wage garnishment levy’s and you should visit our website for more details on this.
Releases for IRS levies
To get these IRS bank or wage garnishment levies released, the IRS will require a current financial statement usually a form 433-F.
IRS will want that form completely documented along with the last three months bank statements and a copy of your last pay stub.
After IRS reviews your current financial statement the IRS will usually place your account in one of three categories.
IRS will either:
1. Place your account in an economic tax hardship,
2. ask for a payment or installment agreement,
3. or you will qualify for a offer in compromise or a tax settlement
Back Tax Returns
If you have not filed back tax returns for multiple years that is not a problem.
We can reconstruct your tax returns and prepare accurate returns to satisfy the Internal Revenue Service. We simply call and ask IRS for a current income transcript and review your bank statements and we can prepare any back tax returns that you have. We are experts in income tax reconstruction.
IRS tax settlements, the new Fresh Start Program
An offer in compromise/IRS Tax Settlement 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. IRS will consider your:
1. Ability to pay;
2. Income;
3. Expenses and
4.Asset with equity.
IRS approves an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
The Offer in Compromise program or Tax Debt Settlement Program is not for everyone.
If you hire a tax professional to help you file an offer, be sure to check his or her qualifications. Also check the BBB rating of the tax firm.
You should make sure you are eligible
Before the Internal Revenue Service can consider your offer, you must be current with all filing and payment requirements.
If you are in a bankruptcy
You are not eligible if you are in an open bankruptcy proceeding.
Pre-qualifier tool
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal. You can find that on our website.
Submit your offer
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:
a. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
b. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Selecting 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.
You should 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.
Call us today for a free initial tax consultation and see how easy it is to settle your IRS tax case.
IRS Levy – Back Tax Returns – IRS Tax Settlement – Tax Lawyers, Attorneys
by Fresh Start Tax | Mar 28, 2013 | Tax Lawyer
IRS Seizure of Bank & Wages -IRS Levy Help – Attorneys, Lawyers, Form IRS 1-866-700-1040
Do not let the IRS seize your bank account or your hard earned wages.
Call us today and we can get you immediate IRS levy help and get your funds back in your hands.
We are comprised of tax attorneys, tax lawyers and former IRS agents and managers who have over 205 years of total tax experience to help you not only get your money back but to settle your tax case.
What does IRS Levy?
IRS levies bank accounts and wages because taxpayers do not respond to the IRS notices and the letters that are sent to last known addresses.
Many times taxpayers never received the last notice because they’ve moved or mail hasn’t been forwarded.
As a result , the IRS systematically sends levy’s out with the help of the CADE 2 enforcement computer to the last known employer and last known bank account information that they have on you in their IRS system.
Simply by giving IRS a current financial statement along with documentation and letting them know an exit plan on your case, IRS will systemically remove any IRS levies on bank accounts or wages. IRS will require a form 433-F to be used as the main tool to make determinations on how levy’s will be released. That form is the IRS financial statement. You can find this form on our website.
If you have any questions contact us today and see how easy this process of getting a release of bank account levies or wage garnishment levies.
What is a IRS Tax Levy
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Tax Levies are different from liens.
A lien is a claim used as security for the tax debt, while a levy actually takes the property or seizes the property to satisfy the IRS tax debt.
If you do not pay your taxes the IRS may seize and sell any type of real or personal property that you own or have an interest in.
IRS could seize and sell property that you hold or 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).
IRS can only levy if:
IRS usually levy’s only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. 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.
Delivery Methods of Final Notices
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.
If the IRS determines the levy is creating an immediate economic hardship the levy may be released.
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
To help ensure quick action, please have the fax number available for the bank or employer office that is processing the levy.
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice. You must file your request within 30 days of the date on your notice.
IRS Seizure of Bank & Wages -IRS Levy Help – Attorney, Lawyers, Former IRS
by Fresh Start Tax | Dec 15, 2012 | Tax Lawyer
Broward County Tax Attorney, Tax Lawyer – IRS & State Tax Representation, Negotiations and Settlements
954-492-0088 Hear the truth Affordable Tax Representation
Fresh Start Tax LLC is comprised of Board Certified Tax Attorneys, IRS Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors.
We worked out of the local, district and regional offices of the South Florida IRS offices. We taught Tax Law at the IRS as Former IRS agents. On staff former IRS Appeals & Settlement Officers.
Call us or come by and visit us for a no cost professional tax consultations and speak directly to a tax professional.
We have been in private practice since 1982 and opened a Internet based practice after we have seen that so many clients taxpayers have been ripped off by scam companies.
Do your homework before choosing a professional tax firm.
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 if Tax Records are lost or destroyed
- Expatriate Representation
- FBAR Filing and Representation
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- 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”
- 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 90.3 FM Monthly Radio Show-Business Weekly
by Fresh Start Tax | Dec 7, 2012 | IRS Tax Problem, Tax Lawyer, Tax Relief
Tax Lawyer, Former IRS – IRS Problems & Tax Resolution – Broward, Dade, Palm Beach County
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors.
Free Tax Consults. Speak directly to a Tax Lawyer, CPA or Former IRS Agent that can resolve your tax issues and tax problems. 1-866-700-1040.
We have successfully served hundreds of client since 1982.
We taught Tax Law at the IRS as Former Agents.
We have over 205 years of total IRS and State Representation and over 60 years of direct experience working in the various South Florida IRS offices. We also instructed new IRS agents in the Atlanta Service Centers.
We have been in private practice in South Florida since 1982 and we are one of this areas most trusted and experienced professional tax firms.
One of the hot new programs of the IRS for tax settlements is called the Fresh Start Program which is saving thousands of dollars for taxpayers owing money to the IRS. It is also helping taxpayers in the areas of penalty relief, installment payments and offers in compromise. Below is the latest from the IRS.
IRS Penalty Tax Relief
The IRS new penalty relief is for the unemployed on failure-to-pay penalties, which are one of the biggest factors a financially distressed taxpayer faces on a tax bill.
To assist those most in need, a six-month grace period on failure-to-pay penalties will be made available to certain wage earners and self-employed individuals.
The request for an extension of time to pay will result in relief from the failure to pay penalty for tax year 2011 only if the tax, interest and any other penalties are fully paid by Oct. 15, 2012.
The IRS penalty relief will be available to two categories of taxpayers:
1. Wage earners who have been unemployed at least 30 consecutive days during 2011 or in 2012 up to the April 17 deadline for filing a federal tax return this year.
2. Self-employed individuals who experienced a 25 percent or greater reduction in business income in 2011 due to the economy.
This penalty relief is subject to income limits.
A taxpayer’s income must not exceed $200,000 if he or she files as married filing jointly or not exceed $100,000 if he or she files as single or head of household.
This penalty relief is also restricted to taxpayers whose calendar year 2011 balance due does not exceed $50,000.
Taxpayers meeting the eligibility criteria will need to complete a new Form 1127A to seek the 2011 penalty relief.
The failure-to-pay penalty is generally half of 1 percent per month with an upper limit of 25 percent. Under this new relief, taxpayers can avoid that penalty until Oct. 15, 2012, which is six months beyond this year’s filing deadline.
The IRS is still legally required to charge interest on unpaid back taxes and does not have the authority to waive this charge, which is currently 3 percent on an annual basis.
Installment Agreements or Payment Agreements
The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes.
The threshold for using an installment agreement without having to supply the IRS with a financial statement has been raised from $25,000 to $50,000.
This is a huge reduction in taxpayer burden to the IRS.
A taxpayer who owe up to $50,000 in back taxes will now be able to enter into a streamlined agreement with the IRS that stretches the payment out over a series of months or years.
The maximum term for streamlined installment agreements has also been raised to 72 months from the current 60-month maximum. Yes you now have over 72 months to back back the IRS plus interest, that never goes away.
Taxpayers seeking installment agreements exceeding $50,000 will still need to supply the IRS with a Collection Information Statement (Form 433-A or Form 433-F).
Taxpayers can also pay down their balance due to $50,000 or less to take advantage of this payment option.
An installment agreement is an option for those who cannot pay their entire tax bills by the due date. Penalties are reduced, although interest continues to accrue on the outstanding balance.
In order to qualify for the new expanded streamlined installment agreement, a taxpayer must agree to monthly direct debit payments.
The Offer in Compromise or the Tax Debt Settlement
Under the first round of Fresh Start, the IRS expanded a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
An OIC is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
For example, the IRS has more flexibility with financial analysis for determining reasonable collection potential for distressed taxpayers.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
To see if you qualify for any of these new programs call us today for a no cost professional tax consult.
Tax Lawyer, Former IRS – IRS Problems & Tax Resolution – Broward, Dade, Palm Beach County – SOUTH FLORIDA
by Fresh Start Tax | Dec 3, 2012 | New Jersey Tax, Tax Lawyer, Tax Relief
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey
Stop the worry today. You have options to settle with the IRS. Just ask Former IRS agents and managers.
We are comprised of Board Certified Tax Attorneys, IRS Lawyers, CPA’s, Enrolled Agents and Former IRS agents.
We have over 206 years of total IRS tax experience and over 60 years of direct IRS experience in the local, district and regional offices of the Internal Revenue Service.
As former IRS Agents we taught Tax Law at the IRS.
We know all the settlement techniques and tax policies related to all the Tax Relief Services with the IRS.
We can review the different tax options and settle your case with the IRS.
We are affordable and you can speak directly to the tax professional that will be handling your case. All work is done in house by true tax professionals.
How we Settle and Negotiate your case with the Internal Revenue Service:
1. We will immediately send a power of attorney to the Internal Revenue Service letting them know that we are now your tax representative.
You will never have to speak to the IRS. We handled all letters and contact.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can refuse to work your case. This is leverage that the IRS will use to get you tax compliant.
We can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost or have few tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A , 433F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case. All cases are reviewed against the National Averages.
4. We review with our clients how they want to settle their case.
We will get you an agreement based on your current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements, installment plans,
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required. The Streamline agreement is the most popular.
c. IRS Offer in Compromise/ Tax Debt Settlements
There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility.
Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability.
A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
1. the examiner made a mistake interpreting the law,
2. the examiner failed to consider the taxpayer’s evidence or
3. the taxpayer has new evidence.
3. Effective Tax Administration or Exceptional Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC.
To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable. Most of these offers are accepted due to medical hardships.
Do not be ripped off by other tax firms call us to hear the truth. 1-866-700-1040.
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
by Fresh Start Tax | Dec 3, 2012 | IRS Tax Debt, New Jersey Tax, Tax Lawyer, Tax Relief
IRS Tax Debt Relief – Tax Resolution – Tax Attorneys, Former IRS
Have former IRS Agents, Managers and Instructors completely resolve your IRS tax debt and get you a permanent tax resolution.
We have over 205 years of professional IRS and State Tax Experience and over 60 years of direct work experience at the IRS. We taught Tax Law at the IRS.
We are affordable and friendly.
Different Ways to Resolve your case with the IRS
There is a very specific process that the IRS uses to close all outstanding tax debt off of the CADE 2 enforcement computer.
IRS will require a base financial statement. Depending where your case is in the system IRS will either require a 433A or a 433 F financial statement.
In each case the financial statement will need to be fully documented.
Documentation will include but limited to 6 months of bank statements, bills or expenses and proof of income. IRS will compare your expenses to the National and Regional Standards. You can observe those on our website.
The three normal closing methods used by the IRS after a review of the documented financial statement are the following:
1. You will qualify for a IRS Hardship,
2. You will qualify for a IRS installment payment,
3. You will be eligible for a tax settlement.
Before you decide whether a tax settlement is right for you, make sure you are eligible.
Before the IRS can 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.
Submitting 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). You can find this on our website.
a. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms,
b. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 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:
1. Lump Sum Cash.
Submit an initial payment of 20 percent of the total offer amount with your application. You will wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
2. Periodic Payment.
You will submit your initial payment with your application.You should 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 offer in compromise process
While your offer in compromise is being evaluated:
1. Your non-refundable payments and fees will be applied to the tax liability,
2. A Notice of Federal Tax Lien may be filed by the IRS,
3. Other IRS collection activities are suspended,
4. The legal assessment and collection period is extended;
5. Make all required tax payments associated with your offer,
6. You are not required to make payments on an existing installment agreement or payment plan and,
7. Your offer in compromise is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
IRS Tax Debt Relief – Tax Resolution – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
