by Fresh Start Tax | Jan 1, 2013 | New Jersey Tax, Tax Levy and Wage Garnishments
Stop IRS Levy, Wage Garnishment, Seizure – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey
IRS sends out 3.8 million tax levy’s a year. We can get yours released!
We can stop a IRS Tax Levy, Wage Levy Garnishment or a IRS Tax Seizure. As former IRS agents and managers we know exactly how to make the IRS go away FAST.
We are affordable and get immediate results. 1-866-700-1040.
All initial first consultations are free. find out the truth from tax professionals that have released thousands of IRS tax levies since 1982.
The IRS Levy or Tax Garnishment
IRS can usually levy, seize or garnish only after these (3) three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment,
2. You neglected or refused to pay IRS the tax and,
3. 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 has the option to 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.
A IRS Tax Levy is a seizure. It is the biggest hammer the IRS uses to collect back taxes from delinquent taxpayers.
The are two types of tax levies.
A IRS Tax Levy is a seizure. It is the biggest hammer the IRS uses to collect back taxes from delinquent taxpayers.
1. The Bank Levy,
2. The Wage Garnishment.
The difference between the two.
The Bank Levy is a bank freeze on your account. There is a 21 day hold on the bank account. Basically the account is frozen. IRS will serve a 668A which is a one time levy.As a side note your account is not closed.
The Wage Garnishment is a immediate levy. Your next pay check is gone. It is also a continuous levy. It does not stop until you get the levy released. This is served with a 668W. There is a small amount exempt with this levy. You must fill out the associated form to be eligible for the exemption.
Property Exempt from Levy
IRC § 6334(a) exempts certain property from levy.
In addition to residences,principal residences and certain business assets which may be exempt as discussed above, the following property is exempt from levy:
1. Wearing apparel and school books necessary for the taxpayer or members of his family
2. Fuel, provisions, furniture, and personal effects in the taxpayer’s household, up to a specified, inflation-adjusted amount
3. Books and tools of the trade, necessary for the trade, business or profession of the taxpayer, up to a specified, inflation-adjusted amount
4. Unemployment benefits,
The unemployment benefit exemption has been strictly construed and does not encompass retirement and survivors benefits or disability insurance payments under the Social Security Act.
5. Undelivered mail
6. Certain annuity or pension payments: payments under the Railroad Retirement Act, benefits under the Railroad Unemployment Insurance Act, special pension payments received by Army, Navy, Air Force, and Coast Guard Medal of Honor recipients, and annuities based on retired or retainer pay under chapter 73 of Title 10 of the United States
Side Note – Although as a matter of policy, the Service has placed some administrative restrictions on levying on retirement income and retirement assets, those listed in IRC § 6334(a) are the only ones exempt from levy as a matter of law.
7. Workmen’s compensation (including amounts payable with respect to dependents)
8. So much of the salary, wages, or other income as is necessary to comply with a judgment of a court requiring the taxpayer to contribute to the support of his/her minor children, but only if the judgment was entered before the date of the levy
9. An amount determined under IRC § 6334(d) as a minimum exempt amount of wages, salary, or other income
10.Certain service-connected disability payments
11. Certain public assistance payments
12. Any amount payable under the Job Training Partnership Act
Call us today to get immediate tax relief from a IRS levy or wage garnishment, 1-866-700-1040.
Stop IRS Levy, Wage Garnishment, Seizure – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey
by steve | Nov 4, 2011 | Tax Levy and Wage Garnishments
Fresh Start Tax LLC “A” Rated by the BBB Since 1982 Affordable IRS Tax Experts 1-866-700-1040
We can stop the IRS with one telephone call or the filing of one form!
Get immediate and permanent tax relief from Former IRS Agents and Managers that know the IRS tax policies and tax procedures.
We can get immediate releases of the Federal Tax Levies and go over all your options to get your tax lien released as fast as possible.
We have over 205 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS.
For fast affordable relief call 1-866-700-1040 today.
We taught tax law and tax policy at the IRS. We are true IRS tax experts.
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
IRS Notices of Levy, Seizure, and Federal Tax Lien – How we can immediately get Notices of Bank Levy and Wage Garnishment Released.
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage/Garnishment and Bank Levies. We know exactly how to quickly get them released. We have what it takes.
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
See our home page for more details Thank you
by steve | Oct 23, 2011 | IRS Tax Problem, Tax Help
Fresh Start Tax LLC Affordable IRS Tax Experts Since 1982 “A” Rated by the BBB A Professional Tax Firm
If the the IRS sent you a Tax Notice of Levy, Tax Lien, Notice of Intent to Levy or a Notice of Seizure call us today to immediately resolve your IRS tax problem.
Let Former IRS Agents, Managers and Instructors who know the tax system resolve your Tax Issues.
We have over 205 years of professional tax experience and over 60 years of direct work experience in the local, district and regional offices of the IRS.
One call to us today can stop all the IRS enforcement action once and for all.
We are one of the oldest, most trusted and experienced professional tax firms.
Do your homework before hiring a Professional Tax Firm. Make sure they have on staff Board Certified Tax Attorneys, Lawyers, CPAs, Former IRS Agents and Managers. Also, check the following to ensure the creditability and history of the Tax Firm.
1. Better Business Bureau – www.bbb.org/us/Find-Business-Reviews
2. Complaints.com – www.complaintsboard.com
3. Rip Off Report – http://www.ripoffreport.com/
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
See our Home Page for more details Thank you
