by Fresh Start Tax | May 4, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Problem, Tax Levy and Wage Garnishments
IRS Tax Levy, IRS Tax Lien – Get IMMEDIATE TAX RELIEF – Former IRS Agents, Managers – Affordable 1-866-700-1040
The way to get the tax help you need is to hire Former IRS Agents and Managers that have of 60 years of direct IRS experience in the field, in management and as teaching Instructors with the IRS.
We can get your situation resolved immediate and get permanent tax relief on your back taxes.
We have released thousands of tax levies and tax liens since we have been in practice.We are “A: rated by the BBB and our firm has a total of 205 years of professional tax experience.
Chose one of the most trusted tax firms in the industry, we are without complaint.
Call us for a free tax consultation. 1-866-700-1040
Many of our clients and taxpayers and seem to get confused regarding a tax levy and a tax lien.
The term “IRS Tax Levy” is used to describe a collection method the IRS employs to collect back taxes from taxpayers.
Tax levies actually redirect funds to the IRS as a repayment of a past due tax debt
.
Different type of tax levies:
1. Wage garnishments – 668W – actually fall under the levy heading.
Wage garnishments redirect a very large portion, usually about 90% of your wages.Once you call the IRS with a valid document financial statement and all your returns are current and up to date IRS will release the tax levy ( wage garnishment ) with some sort of tax debt settlement. Most cases close with a part payment agreement or installment plan.
2.Bank Levy ( levies ) 688A are one-time events.
The IRS freezes assets in a bank account up to the amount owed plus interest for 21 days then takes those funds to repay your tax debt. There is a 21 day grace period. The 21 day grace period allows you to call the IRS and take care of the matter. Most tax levies are released within that 21 days.
IRS also has the option to make property seizures in extreme cases. This could be a car, a boat, RV, jewelry, art work, even a house or a residence. Again, this is not common and usually only used in extreme cases of tax abuse or large dollar cases.
IRS must send out sufficient notices before IRS decides to levy. IRS is required to send you form 1058 which is a right to a hearing which you have the opportunity to file a Collection Due Process and have a right to a hearing.It is always best to hire a tax professional to defend these issues.
At Fresh Start Tax LLC we have on staff Former IRS Agents, Tax Attorneys and CPA’s to handle your case and win!
A Federal Tax Lien:
A Federal Tax Lien is a filing that take place at the courthouse at closest to your residence.It lets the public know you the Internal Revenue Service monies. As a result of this Federal Tax Lien filing the Internal Revenue Service has a secured interest in all your assets including real and personal property. This will damage your credit score.
Federal Tax liens usually have a life of ten years and can be released with full payment.
If you have any questions regarding a IRS tax levy, bank levy or wage levy call us today for a free consultation.
We are fast , affordable and very user friendly and would love to have your business.
IRS Tax Levy, IRS Tax Lien – Get IMMEDIATE TAX RELIEF
by Fresh Start Tax | May 2, 2012 | IRS Tax Debt, Representation, Tax Lawyer, Tax Levy and Wage Garnishments
What is the difference between a Federal Tax Lien and a IRS Levy? 1-866-700-1040
Get your Levy Released today.
This is one of the most common questions asked by our clients and taxpayers.
Being a Former IRS Agent I want to explain this is in very simple terms so everyone can understand the difference.
A IRS Tax Levy is an immediate seizure of assets. It is usually sent to a Bank or is put on a taxpayers wages. These are also called Bank Levy Garnishments or Wage Levy Garnishments. They are sent to banks and businesses on tax forms 668A, 668W.
A Bank Levy has special rules applied to the procedure. The day a Bank Levy is received by a Banking Institution the account is immediately frozen for the amount shown on the Tax Levy. Only those funds are frozen. Monies deposited after the levy are not effected by the Bank Levy or Tax Levy.
The bank MUST hold the frozen funds for 21 days before sending the money to the IRS. The IRS gives that 21 day grace period as a time for the taxpayer to get the bank levy released.
A Wage Levy or Wage Garnishment has a different feature.
After a business receives a levy the wages are immediately frozen and the employer must send the applicable proceeds to the IRS on the next scheduled pay period. There is no grace period.
As a general rule the taxpayer can keep around 10% that is exempt from the levy. IRS will send out a form that details the exact exempt amount.
IRS does not wish to levy. The hope is that the taxpayers call the IRS to work out or make a tax settlement to resolve the tax problem or tax situation.
Tax Levies can usually be released within one week sometimes even that day if we can get records from the taxpayer.
A Federal Tax Lien is a notice filed at the Public Courthouse in the area of your residence putting the public and creditors on notice you owe IRS taxes. It is not a seizure just a notice.
Anyone has access to public records and everyone can has access to your tax information.
Your credit score will be badly damaged as a result of a Federal Tax Lien. A Federal Tax Lien cannot be removed until it is paid in full or the statute of limitations runs. Other rules apply call us for more details.
IRS must file a Federal Tax lien if you owe over $5000.
If you need immediate tax relief from a federal tax levy or a federal tax lien call Fresh Start Tax LLC today. 1-866-700-1040. IRS Tax Debt Settlement Relief today.
On staff Tax Attorney’s, CPA’s and Former IRS Agents for professional tax representation.
What is the difference between to IRS Tax Levy and Tax Lien – Former IRS Agents/ Tax Attorneys – IRS Experts
by Fresh Start Tax | Apr 9, 2012 | IRS Payment Plans, Representation, Tax Help
How to Make Payments to the Internal Revenue Service
There are several different ways to pay your IRS tax liability. If you do not have the money at this time this is not a problem. We can solve all IRS tax problems.
Call us at Fresh Start Tax LLC 1-866-700-1040 and we can work out a tax settlement for you. We can get you tax relief.
For those of you who can or want to pay right now here are there different payment options you may want to consider:
1. You could pay by credit or debit card.
You can use all major cards (American Express, Discover, Master Card or Visa) to pay your federal taxes. For information on paying your taxes electronically, including by credit or debit card, go to www.irs.gov/e-pay or see the list of service providers below.IRS takes everything but barter.
There is no IRS fee for credit or debit card payments. If you are paying by credit card, the service providers charge a convenience fee based on the amount you are paying.
Should you chose to pay by by debit card, the service providers charge a flat fee of $3.89 to $3.95. Do not add the convenience fee or flat fee to your tax payment.
The processing companies are:
WorldPay US, Inc.:
To pay by credit or debit card: 888-9PAY-TAX (888-972-9829), www.payUSAtax.com
Official Payments Corporation:
To pay by credit or debit card: 888-UPAY-TAX (888-872-9829), www.officialpayments.com/fed
Link2Gov Corporation:
To pay by credit or debit card: 888-PAY-1040 (888-729-1040), www.pay1040.com
If you need additional time to pay call us to get any easy payment plan or installment agreement from the IRS.
We can get a nice easy payment plan for you today.
by steve | Oct 19, 2011 | Tax Help, Uncategorized
Fresh Start Tax LLC Since 1982 Affordable IRS Tax Experts in Filing Back Tax Returns and Tax Settlements “A” Rated by the BBB
We are IRS Tax Experts in Filing Back Taxes and IRS Tax Settlements.
We can prepare your tax returns with little or no tax records.
We have reconstructed thousands of tax returns as Former IRS Agents. We can get you back in the system worry free and get you a tax settlement you can live with to get your life back in order.
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 office of the IRS.
Call 1-866-700-1040 and talk directly to a true IRS Tax Expert “A” Rated BBB
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
Filing Back Tax Returns – The process of filing back or unfiled tax returns: (Lost or few tax records )
If you have unfiled tax returns, this process Fresh Start Tax LLC uses to get current with the IRS and get you immediate and permanent tax relief
1. We verbally review a year by year history of your income and expenses.
2. We review any records you may have.
3 We pull all IRS information that they have received from 3rd party sources that have been placed on the IRS computer system over the past 7 years.
4. If you have lost all your records we have easy and simple forms that can help you reconstruct your tax return.
5. We can prepare through years of experience a “reconstructed” tax return that the IRS will accept and process.
6. We review all returns for accuracy with the client and send them into the IRS.
7. We work out a settlement agreement with the IRS to permanent close your tax case.
by steve | Sep 8, 2011 | Tax Levy and Wage Garnishments, Tax Settlements
Fresh Start Tax LLC Since 1982 Affordable IRS Tax Experts A Professional Tax Firm “A” rated by the Better Business Bureau
If you have a IRS Tax Levy, or IRS just filed a Federal Tax Lien, or you are looking to settle your Federal Tax Debt, call us today to get results. We get results!
We can get immediate relief of Federal Tax Levies, both bank and wage garnishments and go over your options for relief of the Federal Tax Lien.
We have over 205 years of professional tax experience and over 25 year of direct work experience in the local, district and regional offices of the Internal Revenue Service.
We are one of the most experienced, trusted and experience professional tax firms.
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
How we Settle and Negotiate your case with the Internal Revenue Service:
1. We immediately send a power of attorney to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS.
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-A (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. IRS 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 about Fresh Start Tax L.L.C. Thank You
