IRS Levy – Bank Accounts, Miami, Ft.Lauderdale

 
If the IRS has sent a levy to your bank account or on your wages contact us today.
We can get your money back and your case settled.
We can get your IRS levy released as fast as anybody in the industry simply because of our years of experience and the numbers of IRS levies we have released over the years.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and instructors who worked out of the South Florida IRS offices for over 60 years.
As a result of our years of experience we know the exact protocols to get an IRS levy whether it be a bank account levy or a wage garnishment levy released as soon as possible.
We have been in practice right here in South Florida since 1982 and we are A+ rated by the Better Business Bureau. Fresh start tax is an IRS specialty tax firm. All we do is resolve IRS problems.
 

The process of getting an IRS levy released

 
Certain steps must be taken to get an IRS levy released.
IRS will require a current financial statement which is on form 433-F.
You can find that form on our website. You will need to  complete this financial statement and provide all necessary documentation  to prove the validity of the financial statement.
Along with the completed financial statement IRS will require bank stubs, pay stubs, and a copy of all your monthly expenses.
IRS will then take that financial statement income and compare it against what is called as the national and regional standards test. You can find those national and regional standards on our website as well.
Contact us today for a free initial consultation and we can start the immediate process of getting your IRS tax levy released.
 

By Law, What is a Tax Levy

 
A levy is a legal seizure of your property to satisfy a back tax debt.
Tax levies are different from tax liens,  the two are often confused.
A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt. It also should be known that a levy is an actual seizure.
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.
The IRS could seize and sell property that you hold such as your car, boat, or house, or
the IRS 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. There are a few things that the Internal Revenue Service cannot seize.
 

 Three requirements are met before an IRS levy can be issued:

 
1. The IRS has 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.
 

How delivery of the Notice and demand must take place

 
The Internal Revenue Service 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 you are in a financial Hardship

 
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.
 

Note to Employers on the IRS Wage Levy

 
Employers generally have at least one full pay period after receiving a Form 668-W, Notice of Levy on Wages, Salary and Other Income before they are required to send any funds from their employee’s wages.
The employers should encourage your employees that have a levy placed on their wages to contact the IRS as soon as possible to discuss a release of levy and resolution of their tax liability.
 

You can ask the IRS Manager for help

 
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:
 

• You paid all you owed before we sent the levy notice,

• We assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,

• We made a procedural error in an assessment,

• The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,

• You did not have an opportunity to dispute the assessed liability,

• You wish to discuss the collection options, or

• You wish to make a spousal defense.

 
It is very possible to get an IRS levy released within a 72 hour period.
Once Fresh Start Tax is retained and the tax payer provides us with the necessary documentation, as a general rule we can get the IRS levy, whether it be a bank account levy or a wage levy released the same day.
Fresh Start Tax, since 1982 A+ rated by the Better Business Bureau.
 

IRS Levy – Bank Accounts, Wage Levy – Miami, Ft.Lauderdale – Affordable, Fast – Attorneys, Former IRS