As Former IRS Agents and managers, we are your best course of action to immediately release a tax levy/garnishment and settle your debt all at the same time. Call Now 1-866-700-1040
We can stop a Notice of Levy Today.
We are the Affordable professional firm that knows the system inside and out.
We can get your levy on your income or wages released, get your money back and close your case at the same time.
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Being former IRS agents and managers we are tax specialty Experts in the area of income tax levies. 668A.
We have release thousands of IRS federal tax levies both bank account levies, wage garnishment levies and third-party levies.
If you have been levied by the Internal Revenue Service you are not alone.
Last year over 1.8 million taxpayers received a Federal IRS bank levy or wage garnishment levy. Not only does IRS file 1.8 million tax levies also file over 600,000 federal tax liens.
The Tax Levy on income and wages is one of the largest collection tools used in employed by the Internal Revenue Service to collect back taxes.
What you need to know about a IRS Tax Levy 668A
There are generally two types of levies, basically a 668A and a 668W.
The 668 a tax levy is a one-time levy.
The 668A tax levy can only be in for enforced on the day, and time of issue of service.
The account that was levied has an automatic 21 day freeze which gives the taxpayer enough time to get their levy released.
If you have received this tax levy call us today and we will walk you through the process of getting an immediate tax release or removal of this levy. As a general rule, IRS will require a financial statement and an exit strategy by the taxpayer to deal with their debt.
As a general rule cases are either put in hardship, payment agreement status or settlement status.
What activities must the Internal Revenue Service take before a levy can be issued?
The IRS will usually only serve a IRS Federal Tax levy only after e three requirements are met:
• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
• You neglected or refused to pay the tax; and
• 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.
The IRS may give you this notice in person, leave it at your home or your usual issue of business, or send it to your last known address by certified or registered mail, return receipt requested.
Please note: If the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
We are composed of CPA’s and former IRS agents who have over 95 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
As former IRS agents we used to levy bank accounts and wage garnishments, so it only makes sense we know this process inside and out.
There is a very specific system used to get an IRS Federal tax levy released, whether it be a bank levy or wage garnishment levy.
Being former IRS agents we know the system and can get immediate results. Not only were we former IRS agents and teaching instructors we also taught new IRS agents or jobs.
We understand all the systems, formulas, and all the protocols to get an immediate relief of a IRS tax levy. Knowing the system makes this a streamlined process and is able to get faster and quicker tax relief.
Not only can we stop your IRS Federal tax levy right now and settle your case at the same time.
Within 24 hours of receiving your current documented financial statement we can get an IRS bank levy or wage garnishment levy released and settle your case all at the same time.
To get your levy released we call IRS with the documented financial statement and settle on a disposition of the case and IRS at that time will fax or mail out the release while on the phone.
We will file a power of attorney contact IRS close your case off the enforcement computer.
Generally, we can do this with a couple of days. If you’ve already received the tax levy as a general rule, within 24 to 48 hours of receiving your current financial statement we can get your levy released. You will never speak to Internal Revenue Service.
IRS will close and settle your case generally one of three ways.
After a review of your current financial statement (433f ) IRS will issue you either into :
1.currently not collectible status, this is also called hardship status.
2. ask you for a monthly payment agreement or and installment agreement,
3. you could submit an offer in compromise if you are a qualified and suitable candidate.
When you call us on the phone we will go over the offer in compromise program with you.
We will review with you your examinations to find out which is the best fit based on your current financial condition. Remember, your documented financial statement holds the key.
Continuous Effect of Levy on Salary and Wages
1. Unlike other levies, a levy on a taxpayer’s wages and salary has a continuous effect.
It attaches to future payments, until the levy is released. Wages and salary include fees, bonuses, commissions, and similar items.
Except for levies on specified payments listed in IRC 6331(h) all other levies only attach to property and rights to property that exist when the levy is served.
Example:
If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.
Example:
For periodic payments made on a recurring basis to a partner as compensation for services rendered to the partnership will constitute “salary or wages” subject to a continuous levy.
2. When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to. If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.
Also see IRM 5.11.6.1,Retirement Income.
Example:
A Form 668-A is issued to levy an author’s royalties. The author has a fixed and determinable right to royalties for books that have already been published.
The levy reaches royalties for sales of those books in the future. The levy does not reach royalties for books that are written and published later. A new levy must be served to take those royalties.
Example:
A Form 668-W is issued to levy a taxpayer’s retirement income.
The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.
3. Also, see IRM 5.11.6.12,Levy on Non-Liable Spouse in a Community Property State for guidance when the wage levy on the non-liable spouse is not continuous.
Call us today for a free initial tax consultation. 1-866-700-1040. Speak to true tax Experts.
Experts* IRS Tax Bank Levy, Wage Garnishment help ASAP + Notice, Hearings, Appeals + Hous ton, Harris County