How to STOP IRS Tax Levy – Bank, Wages – Former IRS – Ft.Lauderdale, Miami 954-492-0088
We are former IRS agents, managers and instructors who worked out of the local South Florida IRS offices for over 60 years. We can STOP the IRS TAX LEVY!!!
We know the system, compliance rules and closing systems used by the IRS to get immediate and permanent results for your IRS tax Levy
We can provide immediate relief to stop your IRS Tax Levy to close your case off of the IRS enforcement computer system.
Call us for free tax consultation. We are A+ rated by the BBB and have been practicing right here in South Florida since 1982.
With over 60 years at the Internal Revenue Service our team of former IRS agents, managers and tax instructors can not only get your IRS tax Levy released we can also settle your case.
The process of how to stop an IRS tax Levy
IRS has a very specific procedures on how to Stop an IRS tax Levy.
IRS will want a current financial statement. Depending on where your cases in the IRS system IRS will require either a 433-F or a 433-a. Those two forms are the only financial statements that IRS will accept in the processing of stopping in IRS tax Levy.
IRS will then want complete verification of the financial statement including the bank statements for the last three months and pay stubs. Once the IRS has your financial statements and documents in hand, IRS will then make a determination and put you in one of three categories.
How your case will be resolved by the Internal Revenue Service
Category one. You qualify for an IRS tax hardship because your current expenses exceed your income.
Category two. IRS will enter you into an installment repayment arrangement based on your income and expense ratios.
Category three . IRS will entertain the filing of an offer to compromise or tax debt settlement.
What is in IRS tax Levy
A IRS Tax levy is a legal seizure of your property to satisfy a tax debt.
Levies are different from federal tax liens.
A Federal Tax 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 the IRS may seize and sell any type of real or personal property that you own or have an interest in.
IRS can if it wishes:
a. IRS could seize and sell property that you hold (such as your car, boat, or house), or
b. IRS 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. certain requirements are met
IRS will only levy after certain requirements are met
IRS usually levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. The taxpayer 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.
Place and method of delivery
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.
Special 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.
Hardship provisions for IRS tax levies
If a levy on your wages, bank account or other property is causing a hardship you should:
Contact a tax professional or the IRS IRS at the telephone number on the levy or correspondence immediately and explain your financial situation.
If we determine 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.
You can ask for a manager to review your case to stop the IRS tax Levy
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.
Please Note: You must file your request within 30 days of the date on your notice.
Some of the issues you may discuss include:
a. You paid all you owed before we sent the levy notice,
b. The IRS assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
c. The IRS made a procedural error in an assessment,
d. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
e. You did not have an opportunity to dispute the assessed liability,
f. You wish to discuss the collection options, or
g. You wish to make a spousal defense.
The IRS office of appeals
At the conclusion of your hearing, the Office of Appeals will issue a determination. You will have 30 days after the determination date to bring a suit to contest the determination. Refer to Publication 1660 (PDF), for more information. If your property is levied or seized, contact the employee who took the action.
You also may ask the manager to review your case. If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals
Levying Your Wages, Federal Payments, State Refunds, or Your Bank Account
If we levy your wages, salary, federal payments or state refunds, the levy will end when:
1. The levy is released,
2. You pay your tax debt, or
3. The time expires for legally collecting the tax.
Bank Account IRS tax levies
If we levy your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days. This holding period allows time to resolve any issues about account ownership.
After 21 days, the bank must send the money plus interest, if it applies, to the IRS. To discuss your case, call the IRS employee whose name is shown on the Notice of Levy.
Call us today to get an IRS tax levy stopped. We can get releases or removals of IRS levies on bank accounts and also on wages.
Being former IRS agents, managers and instructors we know the exact process how this works. Call us today for free tax consultation. We are A+ rated by the Better Business Bureau.
