IRS Levy Help – Bank Levy, Wage Garnishment – Immediate Results 1-866-700-1040
We can get your bank levy or wage garnishment released and work out a tax settlement all at the same time. Being Former IRS Agents, we know the exact and quickest process. 1-866-700-1040.
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors. We have over 60 years of direct IRS work experience in the local district and regional offices of the Internal Revenue Service.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
Bank Levies.
Bank levies that are sent to financial institutions are freezes on funds in your bank account for 21 days. Your bank account in not closed. Just the money is frozen on the day the levy hits the bank. Usually levies can easily be removed within the 21 days.
A Wage Levy Garnishment.
Wage Levy Garnishment go into effect your next paycheck and will continue until your levy is released. The Wage Levy does not stop. Fresh Start Tax LLC can usually get your levy released by your next pay check.
To get a Levy or Garnishment Release.
We will need to provide the IRS with a current IRS financial statement. IRS will want either a 433A or a 433F. That financial statement will have to be documented to verify and ensure its correctness. There is a list of items the IRS will want. We will review those with you.
Also, you will need to have all tax returns filed and up to date.
What is a IRS Levy or Tax Garnishment.
A tax levy is a legal seizure of your property to satisfy a tax debt.
Tax levies are very different from federal tax liens. A federal tax lien is a claim used as security for the tax debt, while a tax levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes the IRS may/will seize and sell any type of real or personal property that you own or have an interest in.
As an example:
IRS can seize and sell property that you hold such as your car, boat, house, or
they could levy property that is yours but is held by someone else such as your wages, retirement accounts, IRA, pensions, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions.
Important Note – IRS can only levy or garnish after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You the taxpayer neglected or refused to pay the tax and,
3. 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.
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.
Managerial Review
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.
Some of the issues you may discuss include:
a. You paid all you owed before we sent the levy notice,
b. The IRS assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
c. IRS made a procedural error in an assessment,
d. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
e. You did not have an opportunity to dispute the assessed liability,
f. You wish to discuss the collection options, or
g. You wish to make a spousal defense.
Call us today for a free no cost consult 1-866-700-1040.
IRS Levy Help – Bank Levy, Wage Garnishment – Immediate Results – Former IRS, Attorneys
