IRS Levy Hold – Get IRS Tax Levy Removed – Tax Settlements 1-866-700-1040
If the Internal Revenue Service has put an IRS levy hold on a bank account or your wages contact us today to get a permanent release or removal of an IRS tax Levy.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors.
We have released thousands of IRS Tax Levy’s since 1982.
Being former IRS agents and managers of over 60 years with the Internal Revenue Service we worked in the local, district, and regional tax offices of the Internal Revenue Service.
As a result of our years of experience we know the exact systems, the exact protocols and the exact settlement structures used by the IRS to go ahead and get an IRS levy removed or get the IRS Levy hold reversed and to get an effective tax settlement.
To get an IRS tax levy removed and released.
IRS sends out a series of bills and notices letting taxpayers know that they owe a federal tax debt.
The final notice sent to send out is an L 1058 letter which is a final notice before IRS will send out a IRS tax levy. If taxpayers do not call the IRS when receiving that final bill or notice , IRS has no choice but to systemically send out an IRS bank levy or an IRS wage garnishment tax levy.That IRS Levy hold will stay until released.
Believe it or not the IRS does not want to levy. It is result of a nonresponsive from taxpayers that forces the IRS’s computer to systematically generate the IRS tax Levy.
Removal Format
To get your levy removed or hold released you will have to submit a current financial statement on IRS form 433-F. Along with the form 433 F the IRS will want the last 3 to 6 months of your bank statements, copy of your last pay stub, and a copy of all expenses that that supports your monthly bills.
With that in hand the IRS will evaluate your financial statement and apply the national standards tests which apply to all taxpayers that over a federal tax debt.
These national standards are set up by the Department of Labor and the Bureau of statistics. These are also used in bankruptcy court by the U.S. trustee. IRS will conduct a regional and geographical test of monthly averages to find out what expenses are in the area in which you live. If you live under the national standards IRS will place your case into an economic tax hardship.
If you live above the standards IRS may suggest an installment or monthly payment agreement to pay off your tax debt.
It is possible after evaluation of your financial statement IRS may let you know that you are a qualified person to file an offer in compromise or for tax debt settlement. you may find the offer in compromise pre-qualifier on her website under IRS tools.
Contact us today and we will give you a free tax consultation and go over different tax options with you to go ahead and settle your case.
The fresh start tax program or first start initiative by the Internal Revenue Service
Offers in Compromise or Tax debt Settlement
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate.
In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
OICs are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer in compromise or tax settlement 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. IRS will conduct a full financial investigation.
If you are considering and IRS tax settlement called an offer in compromise call us today and we will give you a free tax evaluation.
We you not file for offers in compromise for taxpayers or clients until we are assured they are fully qualified for the settlement program.
IRS Levy Hold – Get IRS Levy Removed – Tax Settlements
