We can get your tax levy released!
Being former IRS agents and managers we know the exact process to get an immediate release of a federal tax levy.
We know the exact system and the exact protocols to make this a seamless process for you.
Because of our streamlined approach of knowing the Internal Revenue Service we have become one of the most affordable tax firms for IRS tax problem relief.
We have been in practice since 1982 in are A+ rated by the Better Business Bureau
Did IRS Levy You? Get Immediate Affordable Professional Help
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If the Internal Revenue Service has you a notice of a federal tax levy on your bank account or wages contact us today and get immediate affordable professional help.
Bank account levies by the Internal Revenue Service
There is a little bit a good news if the Internal Revenue Service says sent you a levy on your bank account.
You should know, that the money is not taken out of your account immediately.
There is actually a freeze on the funds for 21 days.
The IRS allows you a 21 day period to call the Internal Revenue Service and work out a deal or settlement with them to get your levy removed. Most professional tax companies will get your bank account levy released within a 3- 21 day period.
Wage Levies
The news is not so good on an IRS wage levy.
When an employer receives a wage levy they are mandated by federal law to take part of your next check and send it to the Internal Revenue Service.
Most professional firms to get a levy released within a 72 hour period of time.
How to get the levy Released
To get an IRS notice of levy released the taxpayer will have to give IRS a current financial statement which most likely will be on form 433F.
That financial statement will need to be fully documented including pay stubs, three months worth of bank accounts statements , and proof of all income and expenses. Once the Internal Revenue Service reviews your current financial statement they will place you on one of three categories basing you on your current finances.
IRS will either place your account into an:
- economic tax hardship,
- ask you to make a monthly installment payments or
- let you know you are an offer in compromise candidate.
You can contact us today to start the process of getting immediate release of your IRS tax Levy we can also settle your case at the same time
What is a Tax Levy
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Levies are different from IRS liens.
A federal tax lien is a claim used as security for the tax debt, while a IRS levy actually takes the property to satisfy the tax debt.
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.
IRS has the right to:
Seize and sell property that you hold such as your car, boat, or house, or
IRS could also 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.
Three requirements must met before the IRS can Levy
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You 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.
How Service must take place
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.
- 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.
- To help ensure quick action, please have the fax number available for the bank or employer office that is processing the 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.
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 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.
Appeals Requests
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.
The Office of Appeals
At the conclusion of your hearing, the Office of Appeals will issue a determination. You will have 30 days after the determination date to bring a suit to contest the determination. Refer to Publication 1660 (PDF), for more information.
If your property is levied or seized, contact the employee who took the action. You also may ask the manager to review your case.
If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals.
We are a national tax firm that specializes in IRS taxpayer relief. If you have not contemplated the filing of an offer in compromise to settle your case contact us today and we will do a free analysis to let you know if you qualify for an IRS tax debt settlement.
Did IRS Levy You? Get Immediate Affordable Professional Help
