Let Former IRS Agents and Managers get an Immediate Release of your levy and settle your case at the same time. Since 1982.
If the Internal Revenue Service has issued you a bank or wage levy garnishment contact us today and find out how easy it is to get your money back.
We are comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors.
We are a tax specialty firm that deals in federal and state tax resolution.
What you should know up front
If you have received an IRS bank levy please know that the bank must hold that levy for 21 days and that the funds in your bank account will remain frozen.
The money that is frozen are only those funds that were in the bank account on the day, time, and place of the IRS levy.
You can continue to use the bank account and IRS cannot seize funds deposited after the date of the levy unless they issue another IRS bank Levy.
If your bank is giving you a hard time about this call us today and we will fill you in more.
If you have received an IRS wage garnishment levy, unlike the bank levy, wages garnishments are immediate, these and take place on your very next paycheck.
The wage levies are continuous and you will not get your paycheck or wages until the IRS sends your employer a release of the ways Levy garnishment.
By calling us today we can usually get that IRS wage Levy release by your very next pay check.
To get the IRS bank or wage Levy garnishment released you will need to procure a 433-F financial statement to the Internal Revenue Service along with full documentation.
Once IRS receives your completed 433-F along with all documentation they will decide how to close your case off the enforcement computer. After the Internal Revenue Service reviews the financial statement they will place your case in one of three categories.
The Internal Revenue Service after the reviewing your financial statement will either place you into an;
1. economic tax hardship,
2.into an installment agreement, or
3. let you know that you are a IRS settlement candidate.
You can call us today for free initial tax consultation we will review your case and make a recommendation
What is a IRS Bank or Wage Garnishment
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens.
A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in. For instance,
The IRS could seize and sell property that you hold (such as your car, boat, or house), or
We could 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).
These three requirements need to be met before a IRS bank or Wage Levy Ensnarement :
1. The IRS must assess the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and,
3. 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 place of business, or send it to your last known address by certified or registered mail, return receipt requested.
If the IRS determines the levy is creating an immediate economic hardship, the levy may be released.
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.
If the IRS agent does not comply
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.
IRS Bank & Wage Levy Garnishment Lawyers – Jacksonville, Orlando, Tampa
