IRS Tax Levy Release – Former IRS Get Fast Results – Tax Levy’s Removed 1-866-700-1040
If the IRS has just sent a tax levy to your bank or to your employer contact us today for fast and immediate tax results.
We are comprised of tax attorneys, certified public accountants and former IRS agents, managers and tax instructors who know the complete system of how to obtain an IRS tax levy release and settle your case at the same time.
We have over 60 years of direct work experience at the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
We have been in practice since 1982 and we are A+ rated by the Better Business Bureau.
There are very specific rules and regulations to get an IRS tax levy release.
To get your IRS tax levy release the IRS will require a fully documented 433 F.
That is the IRS version of the financial statement and you can find that form on our website.
In completing that form you will need to attach all documentation including bank statements, all expenses, and a current paystub to verify your current income. IRS will do a careful analysis and determine how they will close your case.
IRS will close your case with an installment or payment agreement, determine at the present time you have no ability to pay and put you into a currently uncollectible status , or suggest you are a candidate to file an offer in compromise.
Each one of these tax statuses will allow your levy to be released once you agree to the appropriate closing method by Internal Revenue Service.
I tell taxpayers to be very cautious about giving on IRS a financial statement because your are many tricks and traps within it. To get your best result in your fastest results is best to hire a professional tax firm. Being a former IRS agent I can tell you a professional firm will save you a lot of money in the long run.
IRS tax levy releases can come very quickly.
The key is have the information ready to go and get it faxed to IRS. If a client or taxpayer has the information the IRS tax levy release can usually be obtained the same day.
Where Does IRS Get there Levy Sources?
IRS Levy source data comes from a variety of sources, including:
1. Forms W-2 and 1099 information
2. States, credit bureaus, and other third parties.
3. The taxpayer, when requesting an installment agreement or during other contacts.
4. Partial payment checks submitted by the taxpayer.
5. Closed accounts from ACS Archives
These are just a few of the IRS levy sources.
For the following sources, take other action to enforce collection or to locate the taxpayer:
a. Insurance company levies for interest and dividends — Generally, this is due to interest or dividends paid on insurance policies with cash value. Delete these sources.
b. Dividends/distributive income – These require special processing better suited to revenue officers.
c. Bureau of Public Debt. These income sources are treasury bills and registered securities. Delete this source.
d. Foreign governments, U.N. employees, or companies/banks with addresses outside U.S. It does not matter where the taxpayer resides, but where the levy source is located. Also, never send levies to another country’s embassies, consulates, or missions, even if they are within U.S. borders.
e. Federal Contractor File (FCF).
f. Railroad unemployment or Railroad retirement income
g.Pensions and IRAs – Individual Retirement Accounts: No function will be given the authority to levy on lump sum pension/IRAs at the request of the taxpayer. It will only be allowed in “flagrant” situations. See IRM 5.11.6.2.
h. State Lotteries. –
i. State of Alaska, Permanent Fund Dividend (PFD) – The PFD is income to the taxpayer, but is only levied through the Alaska Permanent Fund Dividend Levy Program (AKFPD).
If you are looking for a quick and fast IRS tax Levy relief contact us today. Being former IRS agents we get fast and affordable results.
IRS Tax Levy Release – Former IRS Get Fast Results – Tax Levy’s Removed
