IRS Tax Levy Help, Resolution, Settlement – Here is where IRS got your Levy Source 1-866-700-1040
Get Fast and Affordable Tax Levy Relief Help today.
If the IRS has just sent out a tax levy and you need immediate tax help contact us today to get fast and quick results.
Being former IRS agents and managers we know how to obtain immediate releases of the IRS federal tax levy. We can not only resolve the case we can also settle the case as well.
Bank and Wage Levies
It should be noted that if IRS levies a bank account there is a 21 day hold on that money. IRS affords the taxpayer three weeks to go ahead contact the IRS and get the levy released.
There is a different situation on a wage garnishment.
For wage garnishments, those are immediate seizures on the very next paycheck and are continuous and will not stop until the case is resolved.
Is it a best interest of the taxpayer /client to immediately contact the Internal Revenue Service to get both levies released.
IRS will require a current financial statement along with complete documentation before any IRS tax levy is released.
You can find that form on our website. It is a form 433-F. You will have to provide all relative information such as your pay stub, your expenses, along with bank statements and proof of current living expenses.
After IRS carefully reviews your financial statement IRS will make a determination and a recommendation to you on how they are to resolve your case. If you not like the way your case is been handled or the results they are giving you there are available appeals process you should be aware of. You should contact us today if this is the case for you. As said before we can give you immediate IRS tax Levy help, bring your case to resolution, and employ an IRS tax settlement that will be in your best interest.
Here is where the IRS got their information to send out their tax levy on your account.
If the Internal Revenue Service has sent out a tax levy on your account you will find that most of the information they get to seize and/or garnish assets that belong to taxpayers are information that is provided by taxpayers on their tax returns.
With the modern age of technology if the cases are large enough IRS will use external sources as well. Information such as LEXIS-NEXIS, the Accuriant search engine, and Google will be used to find information about taxpayers, their whereabouts, their assets and also their places of employment.
Most common sources of IRS Tax Levies
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.
Dividends/distributive income. These require special processing better suited to revenue officers and are not done in ACS.
Bureau of Public Debt. These income sources are treasury bills and registered securities. Delete this source.
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.
Federal Contractor File (FCF).Identified on ACS for information only (INFO). However, these may be valuable as a locator source.
Railroad unemployment or Railroad retirement income.
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.
State Lotteries.
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).
Also IRS will never send levies to another country’s embassies, consulates, or missions, even if they are within U.S. borders.
IRS Tax Levy Help, Resolution, Settlement – Here is where IRS got your Levy Source
