IRS Levy took your Paycheck, Salary, Wages – How to get immediate tax relief
Sometimes like a thief in the night you find out that your paycheck, salary or wages have been levied by Internal Revenue Service and you have no money to go ahead and pay your bills and immediate panic sets in.
The process to get your paycheck, salary or wages back in your pocket is a very simple process.
Taxpayers are levied because they fail to answer an IRS notice, letter or IRS contact.
Many times because taxpayers have moved or change their telephone numbers they are never contacted by the Internal Revenue Service. After IRS’s final notice goes out the IRS computer system systematically sends out IRS levies on paychecks, salaries and wages.
But the good news is it very possible to get your IRS levy released and get your money back in your pocket.
IRS will need a current financial statement and that will be made on form 433-F.Find that form on our website.
IRS will want that financial statement fully documented along with copies of pay stubs, bank statements, and copies and proof of all your monthly expenses.
IRS has certain formulas based on the national standard tests that you can find on our website. They apply those standard test against your income.
After the Internal Revenue Service analyzes your financial statement against those national standards one of three recommendations will be made.
IRS will then release your paycheck, salary, or wages and settle your case.
Three ways IRS will close your case.
IRS will either play your case into:
- a currently not collectible file where you will usually remain there for two or three years,
- IRS will recommend a monthly installment agreement for a period of time, or
- IRS will let you know that you are a suitable candidate to make an offer in compromise and settle your back tax debt for pennies on the dollar.
You must know that not everybody is eligible to settle their tax debt for pennies on the dollar.
To find out quickly if you are a settlement candidate and with no cost simply go to our website and fill out the IRS pre-qualifier tool for the offer in compromise and you can find out for yourself whether you are a qualified candidate to file the offer in compromise.
If you need immediate help contact us today and you can speak directly to a tax attorney, certified public accountant, or former IRS agent, manager and tax instructor who will give you a no cost tax assessment and let you know the best, easiest and most affordable way to settle your IRS tax debt.
So if the IRS levy took your paycheck, salary or wages do not panic.
Important Note
Also know that you will need to file all your tax returns and get them current with the Internal Revenue Service.
As a general rule, if the IRS is levied your paycheck, salary or wages and they check their computer system and find out you have not filed back tax returns, the IRS flatly can refuse to release your wages or salary back to you.
Call us today and get your life back in order. We are the fast, friendly and affordable tax firm.
