End your IRS Tax Levy or Garnishment TODAY – Former IRS 1-866-700-1040
Call us today and end your nightmare of the IRS tax Levy or wage garnishment.
It is entirely possible to release your IRS Tax Levy today if you have the documents ready to send the IRS. This process is easy, fast, and simple.
We are comprised of tax attorneys, CPAs, and former IRS agents, managers and instructors. We are experts in both removing your tax levy or wage garnishment and settling your IRS problem once and for all.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional offices of the Internal Revenue Service and understand the complete workings and systems of the IRS in regard to the tax levy, wage garnishment and tax settlements.
We taught tax law at the Internal Revenue Service.
IRS can only Levy After these requirements are met:
IRS usually can levy only after these three (3) requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment; Form 1058
2. You neglected or refused to pay the tax and.
3. The Internal Revenue Service 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.
You also must have received the IRS Tax levy by this method
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.
IRS may also send a Notice of Levy on Your State Tax Refund.
It should be noted that IRS is only required to send any billing notices to your last address filed on the last tax return filed.
What is required to Remove or Release your IRS Tax Levy
Before the Internal Revenue Service will end the IRS tax levy or a wage garnishment they will need a current, accurate, and documented financial statement.
IRS will require form 433-F.
Once completed by the taxpayer or tax professional it is to be sent and verified to the ACS unit of the Internal Revenue Service.
An IRS agent or reviewer will go ahead and review the financial statement to make sure it is accurate and all the information is filled out correctly. They the agent will make a determination on how to both close the case in release the IRS levy or wage garnishment.
Contrary to popular belief the IRS does not want to send the IRS tax levy or the wage garnishment out.
It must do so because taxpayers have failed to comply with the last bills and notices that IRS sent the taxpayer asking them to contact them to resolve the matter.
As a result of the IRS must send the levy out if no contact has been made by the taxpayer. The Internal Revenue Service after analyzing the financial statement will probably close case in one of three ways.
Holding Periods for the IRS Bank Levy
A bank must wait 21 calendar days after a levy is served before sending payment. Then, on the next business day, it must turn over the taxpayer’s money.
The depositor(s) can waive this waiting period. The bank will not send money that is subject to attachment or execution under judicial process.
“Bank” includes credit unions, savings and loan associations, trust companies, and others described in IRC 408(n) and Treas. Reg. §301.6332–3(b).
During the holding period, a levy might be released, or the amount owed could decrease.
If the bank receives no release, it must send the payment after the holding period.
No additional notice is required.
Three closing methods used by the IRS to close your case and end your tax levy
1.IRS may determine that at the current time you cannot afford to pay them and they will place your case into an economic tax hardship.
2.IRS after reviewing the financial statement the IRS may decide you can make a installment or payments based on the national and geographic standards.
3. IRS may determine that you are offer in compromise or a tax debt settlement candidate and prompt you in filing the offer.
The Continuous Effect of Levy on Salary and Wages IRS Form 668-W
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.
All other IRS tax levies only attach to property and rights to property that exist when the levy is served.
There is a very specific system used by the Internal Revenue Service to releasing or removing the tax levy.
Call us today for free initial tax consultation and let us help you and your nightmare with the Internal Revenue Service.
We can put an end to your IRS tax Levy, bank seizure or get your wage levy release. End your IRS Tax Levy or Wage Garnishment TODAY – Former IRS
