Fast Release of IRS Tax Levy – Tax Attorneys, Tax Lawyers, Former IRS   1-866-700-1040

 
Start the ball rolling right now and begin the process of getting your IRS tax Levy released and your case settled with the Internal Revenue Service.
IRS files about 4 million tax levies each year so you are not alone. There is a very specific process on how to get a fast release of an IRS tax Levy.
On staff are Tax attorneys, tax lawyers, CPAs and former IRS agents, former IRS managers, and former IRS instructors. Being a Former IRS Agent Revenue Officer I know how to get levies released fast!
The following is the information you need to know about the process. You should always work with a tax professional to get the best possible deal with the IRS.
Experience pays off.
You can get Immediate Releases of IRS Tax Levies as long as the IRS criterion is met.
The two basic criterion are, all tax returns filed and up to date and a fully documented financial statement, 433F.
It is much easier than people think to get IRS Releases of both Bank Levies and Wage Garnishments, as long as you know what you are doing.
The average professional tax firm will charge between $2,500 – $3,500 to get your bank or wage garnishment released as well as get your case closed and off of the IRS enforcement computer.
Here are some things to consider.
Believe it or not the IRS does not want to levy.
The IRS sends out series of four notices to the taxpayers letting them know of their intentions to levy.
However most taxpayers to do respond. There are many cases where the taxpayers moved or never got the IRS notices.
After IRS sends out the fourth notice, IRS sends out levy notices to a levy source they have on record. Those sources are usually a bank account or wage information. The IRS gets their levy information from the taxpayers themselves.
Taxpayers give them the levy information on their tax return, interest income from a bank source or your W-2. The IRS very rarely dragnets the banks in your living area.
The two most common levies:
1. An IRS Bank Levy, 668-A is sent to at Bank or Financial Institution. The Bank will hold the funds for a period of 21 days. Your money sits in your account frozen and not yet turned over to the Internal Revenue Service. The IRS gives you a 21-day period to rectify the problem so you get to keep your money.
2. An IRS Wage Garnishment 668-W is sent to your employer. Your next paycheck goes to the IRS minus some basis exempt money. Your wages continues to be garnished until the levy is released.
How the release process works:
IRS will require that all your tax returns are filed and up to date. You will have made sure you can fax and send to IRS any tax returns not filed. IRS will not usually release the levy until this happens. This is their leverage to make you file.
IRS will want a documented 433F financial statement. Once IRS reviews the financial statement, 433F, they will decide on how your case will be closed.
How cases are closed:
Settlement agreements can be in different forms:
a. Hardship Settlements.
Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. 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.
Cases can be closed with agreed upon monthly installment payments to the IRS.
c. Offer in Compromise.
There are three types of OIC’s:
The IRS may accept an Offer in Compromise based on the following:
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.
 
Call us today and we can get you a fast release of an IRS tax Levy. We are comprised of tax attorneys, tax lawyers, certified public accountants and former IRS agents.
We have been in practice since 1982 and have an A+ rating by the Better Business Bureau.
 
Fast Release of IRS Tax Levy – Tax Attorneys, Tax Lawyers, Former IRS