by Fresh Start Tax | Dec 10, 2012 | Tax Lien
IRS Federal Tax Lien – Tax Lien Released, Removed, Lifted – Former IRS, Attorneys, Lawyers, Agents – Lien Release Experts
As Former IRS Agents, Managers and Instructors we know every technique to get Federal Tax Liens Released.
Each case is different and depending on the situation there are different remedies available to get Releases of the Federal Tax Lien.
Call us today 1-866-700-1040 and we can discuss your particular situation and find out the quickest, the fastest and most affordable way to get your Federal Tax lien released, removed or lifted.
Notice of Federal Tax Liens – The New IRS Program to Released, Removed or Lifted
The Fresh Start Program.
In the past, the IRS used to file Federal Tax Liens on all taxpayers and businesses owing $5000. or more.
The New Fresh Start Program of the IRS 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. Those are rare cases and usually involve jeopardy situations.
The IRS will not retroactively apply the new $10,000 federal tax lien notice filing threshold and automatically withdraw a previously filed lien.
The New Change effecting most taxpayers.
Notice of Federal Tax Lien can be withdrawn by the IRS after entering into a Direct Debit Installment. ( DDI 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you are a qualifying taxpayer and meet the eligibility requirements, you may have your filed Notice of Federal tax Lien withdrawn after entering into a Direct Debit installment agreement.
This is the action you must take to make this happen:
Your request for federal tax lien withdrawal must be in writing.
You are to 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:
1. Individuals (Form 1040 tax),
2. Businesses with income tax liability only,
3. Out of business entities with any type of tax debt.
The Specific Eligibility Requirements are:
1. The current amount you owe must be $25,000 or less,
2. 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
3. Your Direct Debit Installment Agreement must full pay the amount you owe within 60 months or before the Collection Statute expires, whichever is earlier
4. You must be in full compliance with other filing and payment requirements
5. You must have made three consecutive direct debit payments
6. You cannot have previously received a lien withdrawal for the same taxes unless the withdrawal was for an improper filing of the lien
7. 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.
Requesting a tax 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 federal tax lien has been released. If you wish to have the Notice of Federal Tax Lien withdrawn, you must request the withdrawal in writing. Please use Form 12277, Application for Withdrawal. The purpose of this action is to help and improve your credit score. the credit bureaus should be picking this filing as an action as if the federal tax lien was never filed.
Generally, eligibility requirements are:
a. Your tax liability has been satisfied and your lien has been released,
b. You are in compliance for the past three years in filing,
c. All individual and business returns,
d. All information returns,
e. You are current on your estimated tax payments and federal tax deposits.
IRS Federal Tax Lien – Release, Remove, Lift Tax Liens – Former IRS, Attorneys, Lawyers – IRS Lien Release Experts
by Fresh Start Tax | Nov 6, 2012 | California Tax, Offer in Compromise, Representation, Tax Help, Tax Lawyer, Tax Lien, Tax Settlements
Mr. Sullivan is a Former IRS Agent and Teaching Instructor with the Internal Revenue Service.
He not only worked the IRS Tax Debt Settlement Program called the Offer in Compromise he was a Instructor that taught the Program to new IRS agents in the local, district and regional offices of the IRS.
Fresh Start Tax L.L.C. is comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS agents.
We have over 206 years of total tax experience and over 60 years of direct work experience with the IRS.
Fresh Start Tax L.L.C. Local California Office
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
In days past it was almost impossible to get an offer in compromise through to the IRS. IRS Tax Debt Settlement practice was almost obscure because IRS did not want to work the IRS Settlement Program. Thousands of Offers should have been accepted but due to the stubbornness of the IRS it lost millions of dollars in revenue because it failed to help suffering and struggling taxpayers.
The amount of work that goes into an accepted offer in compromise can be upward to 20 hours. It is far easier for an Agent to reject the offer than go through the task of accepting one. They are reviewed and approved to death.
Most practitioners would not even file Offers or tax settlements. The ones that did for the most part were preying on taxpayers claiming pennies on a dollar. Not all companies were part of this but it was sickening to see taxpayers paying thousands of dollars when they really never had a chance of getting a tax settlement given the financial facts of their cases.
The IRS would fight you on everything and the extent of the detail they wanted was outrageous.
With the Feds needing money and money in a hurry it finally decided to start settling back tax cases in which it would get instant dollars into the system.
The Commissioner and the powers to be came up with real guidelines that would help these struggling taxpayers final get some badly needed tax relief in the form of true pennies on a dollars settlement.
There are about 55,000 offers in compromise filed each and every year with about 25% of those offers be accepted. The average settlement on each case is about 14 cents on a dollar.
The New IRS Fresh Start Program is allowing taxpayers to settle there tax debt.
The Press Release sent out by the IRS called the Fresh Start Program. See modified version below.
In its latest effort to help struggling taxpayers, the Internal Revenue Service announced a series of new steps to help people get a Fresh Start with their tax liabilities and back tax debts.
The goal of the IRS is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers.
Understand the process the settlement or offer practice.
While your offer or settlement is being evaluated it is important to know what will, take place:
a. 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);
b. A Notice of Federal Tax Lien may be filed;
c. Other collection activities are suspended;
d. The legal assessment and collection period is extended;
e. Make all required payments associated with your offer;
f. You are not required to make payments on an existing installment agreement; and
g. Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
The New Federal Tax Lien Policy
The IRS is announcing new policies and programs to help taxpayers pay back taxes and avoid the filing of the Federal Tax Liens. this alone is a cause for great joy because the filing of a federal tax lien will crush the credit of a business and or an individual.
The IRS is making fundamental changes to our federal lien system and other collection tools that will help taxpayers and give them a fresh start, “These steps are good for people facing tough times, and they reflect a responsible approach for the tax system.”
IRS making important changes to its federal tax lien filing practices.
The changes include:
a. Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
b. Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
c. Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
d. Creating easier access to Installment Agreements for more struggling small businesses.
e. Expanding a streamlined Offer in Compromise program to cover more taxpayers.
Call us to see if you qualify for an offer in compromise. Do not file an offer unless you qualify. Free consultations, 1-866-700-1040.
by Fresh Start Tax | Oct 30, 2012 | IRS Tax Problem, Offer in Compromise, Tax Lien, Tax Problem Help, Tax Settlements
Do you need to get a Federal Tax Lien Released or Removed?
There are different ways to get this done and get IRS tax relief.
Fresh Start Tax is comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents.
With over 205 years of professional tax experience and over 60 years with the IRS we can help resolve any tax problem you have.
Free Consult. 1-866-700-1040.
It is of utmost importance to avoid the federal tax lien at all costs. Many times if you contact IRS while you are in notice status it is possible to avoid the filing of the federal lien. You should call us for more details.
Settling with the IRS will remove the Federal Tax Lien.
When a taxpayer submits and the IRS approves a Offer in Compromise, the IRS will remove the Federal tax Lien for pennies on a dollar. However you must qualify for an Offer in Compromise to settle with the IRS. You can call us today and we can see if you are a candidate for a IRS tax settlement. On staff of Fresh Start Tax LLC is a former IRS agent who was a Offer in Compromise specialist.
New IRS Tax Law helps those having IRS Tax Liens.
Tax Lien Thresholds
The IRS is significantly increase the dollar thresholds when federal tax liens are filed.
The new dollar amount is in keeping with cost of living changes since the number was last revised. Federal Tax liens are automatically filed at certain dollar levels for people or businesses with tax balances.
A federal tax lien ( FTL ) gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt.
Filing a Notice of Federal Tax Lien is necessary to establish priority rights against certain other creditors. Usually the government is not the only creditor to whom the taxpayer owes money. The filing of the Tax Lien will destroy your credit rating.
A federal lien informs the public that the U.S. government specially the IRS has a claim against all property, and any rights to property, of the taxpayer. This includes property owned at the time the notice of lien is filed and any acquired thereafter.
Tax Lien Withdrawals
The IRS will also modify procedures that will make it easier for taxpayers to obtain lien withdrawals.
Federal Tax Liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it. The IRS has determined that this approach is in the best interest of the government and the taxpayer as well.
In order to speed the withdrawal process, the IRS has now streamlined its internal procedures to allow collection personnel to withdraw the liens.
Direct Debit Installment Agreements and Liens
The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement . For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
1.Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
2. The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
3. The IRS will also withdraw liens on existing Direct Debit Installment Agreements upon taxpayer request.
4. Federal Tax Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
New Rule by the IRS under the Fresh Start Program
The IRS recently approved new rules to assist struggling Taxpayers due to the economic recession. The new rules state that the IRS will withdraw tax liens that are filed against taxpayers who meet certain criteria.
If you owe less than $25,000 to the IRS and enter into a payment agreement the IRS will withdraw the lien.
IRS Tax Lien Discharge or IRS Tax Lien Subordination.
Other Ways to Remove a Federal Tax lien
1. Paying your tax debt in full.
This is obviously the quickest and the fastest way to get rid of a federal tax lien. The IRS releases your lien within 30 days after you have paid your tax debt. If you walk into the local office with a cashier check you can ask the IRS to issue you a release right on the spot.
2.When conditions are in the best interest of both the government and the taxpayer.
We have a client that a third party lender was going to give the taxpayer money to pay off some of the lien. We persuaded the IRS to release the lien for this funding to go through. Situations that benefit both the government and the taxpayer can also release the federal tax lien.
3.Discharge of property.
Allows property to be sold free of the lien. The seller or buyer can submit Publication 783, Instructions on How to Apply for Certificate of Discharge From Federal Tax Lien (PDF).Call us for more details.
4. Subordination.
This does not remove the federal tax lien , but allows other creditors to move ahead of the IRS, which may make it easier to get a loan or mortgage. For more information review Publication 784, Instructions on How to Apply for a Certificate of Subordination of Federal Tax Lien.
This is available on (PDF).
5.Withdrawal.
This removes the public notice and assures that the IRS is not competing with other creditors for your property. If applying for a withdrawal, use Form 12277, Application for the Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien (PDF).
Call us for a no cost consultation, 1-866-700-1040.
by Fresh Start Tax | Oct 17, 2012 | California Tax, IRS Tax Problem, Tax Levy and Wage Garnishments, Tax Lien
IRS Levy, IRS Tax Lien, IRS Settlement Help
Do not be bullied by the IRS. Let Former IRS agents who know the system get you the tax relief you need, stop the worry now.
Get immediate and permanent IRS tax settlement relief. Do not be ripped off by other companies. Check out bio’s and BBB ratings. Deal with a true professional tax firm.
We have over 206 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS. We taught Tax Law at the IRS.
The difference between a tax lien and a tax levy.
A federal IRS tax lien protects and secures the IRS rights to all of your property. The federal tax lien attaches to property you own when it is filed, and property you purchase later. A Federal Tax Lien most commonly impacts real estate.
It will and can also devastate your credit score.
The purpose of an IRS levy ( wage or bank ) is to seize your property. It is the number one collection tool used by the IRS.
An IRS levy is the same as a seizure or garnishment. The IRS can levy on your wages, bank accounts, sub-contractor pay, accounts receivable, even retirement accounts, yes 401K and pension plans.
The IRS can in certain circumstances seize your house, car or your business equipment. As a Former IRS agents this was my job so I know how to fight back.
If the IRS is going to or has filed a Federal Tax Levy call us today to get help.
Bank levies are held by the bank or financial institutions for a period of 21 days.
The funds in the accounts are frozen and not actually turned over to the IRS until the 22nd day. As a rule of thumb we can get tax levies released within that 21 day freeze period.
Wage Garnishment Levies are in effect each and every pay period. IRS will continue to garnish wages until the IRS is called and a IRS settlement plan gets put in effect.
A simple call from our office along with a documented IRS financial statement can get your case closed today.
Huntington, Lagana, Newport, Anaheim, Irvine, Corona – IRS Tax Experts
Having IRS Tax Problems?
Fresh Start Tax – Joe Dimino
Dimino Braunsen & Assoc.
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
by steve | Jun 7, 2011 | IRS Tax Advice, Tax Lien, Tax News
Have Former IRS Agents who worked out of the local South Florida IRS offices give you the professional help you need.
Fresh Start Tax L.L.C. A local South Florida Professional Tax Firm specializing in IRS Tax Relief and Representation Since 1982
“A” Plus Rated by the Better Business Mattersu Local IRS Tax Experts
We have over 205 years of professional tax experience. We are true IRS Tax Experts. We taught Tax Law at the IRS. Call us today to hear your tax options.
If you have a Federal Tax Lien filed and you need professional tax help call us for a free tax consultation, we will tell you the truth.
On staff are former IRS Agents, Managers and Instructors who worked out the South Florida IRS office for over 60 years. We know all the IRS tax strategies.
IRS liens release themselves under certain situations only, call us for a free tax consultation.
What is a Federal Tax Lien?
Notice of Federal Tax Lien
Liens give us a legal claim to your property as security or payment for your tax debt. A Notice of Federal Tax Lien may be filed only after:
- We assess the liability;
- We send you a Notice and Demand for Payment – a bill that tells you how much you owe in taxes; and
- You neglect or refuse to fully pay the debt within 10 days after we notify you about it.
Once these requirements are met, a lien is created for the amount of your tax debt. By filing notice of this lien, your creditors are publicly notified that we have a claim against all your property, including property you acquire after the lien is filed.
This notice is used by courts to establish priority in certain situations, such as bankruptcy proceedings or sales of real estate.
The lien attaches to all your property (such as your house or car) and to all your rights to property (such as your accounts receivable, if you are a business).
Caution!
Once a lien is filed, your credit rating may be harmed. You may not be able to get a loan to buy a house or a car, get a new credit card, or sign a lease. Therefore it is important that you work to resolve your tax liability as quickly as possible, before lien filing becomes necessary.
