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 Fresh Start Tax | Nov 29, 2012 | New Jersey Tax, Tax Levy and Wage Garnishments
IRS Levy Help – Bank Levy, Wage Garnishment – Immediate Results 1-866-700-1040
We can get your bank levy or wage garnishment released and work out a tax settlement all at the same time. Being Former IRS Agents, we know the exact and quickest process. 1-866-700-1040.
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors. We have over 60 years of direct IRS work experience in the local district and regional offices of the Internal Revenue Service.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
Bank Levies.
Bank levies that are sent to financial institutions are freezes on funds in your bank account for 21 days. Your bank account in not closed. Just the money is frozen on the day the levy hits the bank. Usually levies can easily be removed within the 21 days.
A Wage Levy Garnishment.
Wage Levy Garnishment go into effect your next paycheck and will continue until your levy is released. The Wage Levy does not stop. Fresh Start Tax LLC can usually get your levy released by your next pay check.
To get a Levy or Garnishment Release.
We will need to provide the IRS with a current IRS financial statement. IRS will want either a 433A or a 433F. That financial statement will have to be documented to verify and ensure its correctness. There is a list of items the IRS will want. We will review those with you.
Also, you will need to have all tax returns filed and up to date.
What is a IRS Levy or Tax Garnishment.
A tax levy is a legal seizure of your property to satisfy a tax debt.
Tax levies are very different from federal tax liens. A federal tax lien is a claim used as security for the tax debt, while a tax levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes the IRS may/will seize and sell any type of real or personal property that you own or have an interest in.
As an example:
IRS can seize and sell property that you hold such as your car, boat, house, or
they could levy property that is yours but is held by someone else such as your wages, retirement accounts, IRA, pensions, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions.
Important Note – IRS can only levy or garnish after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You the taxpayer neglected or refused to pay 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.
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.
Managerial Review
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.
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. 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.
Call us today for a free no cost consult 1-866-700-1040.
IRS Levy Help – Bank Levy, Wage Garnishment – Immediate Results – Former IRS, Attorneys
by Fresh Start Tax | Jun 1, 2012 | Back Taxes, Installment Agreements, IRS Payment Plans, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Levy and Wage Garnishments, Tax Settlements, Uncategorized
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back 1-866-700-1040
Have Former IRS Agents get your tax levy released and file all your back tax returns. We are tax experts. We are fast and affordable.
One of the largest concerns for taxpayers who have just received one of 3.8 million tax levies the IRS sends out a year is ” How do I get IRS off my back and my tax levy released?”
A good estimate is that there about 20 million taxpayers out there with unfiled tax returns and at some point the IRS just catches up. Tax levies are coming!
The IRS enforcement computer called CADE catches up to all taxpayers.
How to deal with the IRS and get them of your back.
IRS does not want to levy. They do not want to send out bank levies and wage levies or tax garnishments. We have a voluntary system of compliance. When taxpayers do not respond to IRS letters, notices and the filing of their tax returns, IRS has no choice but to let the computer system follow up with enforced compliance.
With that said, you can get the IRS off your back quite easily.
The easiest way of course is to hire a tax professional who knows there way around and through the system and can easily resolve the situation. A tax professional will handle the case in this fashion.
In regarding to past due, late, unfiled, back or delinquent tax returns.
The Internal Revenue Service will not usually release bank or wage garnishment levies until all tax returns are filed.
The levy serves as an enforcement tool to make sure IRS gets what IRS wants. IRS will hold their position on this issue and want all tax returns in their hands until it will release the bank or wage levy garnishments.
Waste no time, get tax returns prepared and filed immediately. The longer you wait the longer the bank or wage levy will usually stay in place.
We make sure the tax returns are sent to the agent handling the case so the tax returns do not get caught up in the system. IRS can lose track of the returns easily.
After all tax returns are sent to the IRS, the Service will want to review your current financial statement. The financial statement the 433A, 433F is the crucial element to the way your case will be closed by the IRS to end your tax problem. Tax relief will be coming soon, be patient.
IRS will expect a documented financial statement. After a review of the financial statement IRS will close your case in one of the following three ways:
1. IRS will put your case in hardship or currently uncollectible which means IRS has determined you have no money to pay them at the current time. Penalties and interest will continue to run and your case will works its way back to the computer system in a couple years. IRS notice and letters will start up somewhere down the road.
2. If you show and ability to pay the IRS back taxes, IRS will insist on the payment plan, installment plan or streamline agreement.
3. IRS will consider a Offer in Compromise or a tax debt settlement.
It is not wise for any taxpayer to file on Offer in Compromise on there own.
There is much involved and I should know. I am a former IRS Agent and teaching Instructor with the IRS. Offers in Compromise are complicated and there is much skill required to have a successful offer accepted.
In summary the keys to getting the IRS off your back:
1. Make sure all tax returns are filed and you are current on all withholding
2. Make sure you have a proper documented 433A, 433F so IRS can close your case,
3. Have a plan B.
We are staffed with former IRS Agents, CPA’s and Board Certified Tax Attorneys.
Call us today to end your tax problem, get immediate tax relief and get your life restored.
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back
by Fresh Start Tax | May 4, 2012 | Back Taxes, IRS Notice or Letter, IRS Tax Debt, IRS Tax Problem, Representation, Tax Help, Tax Settlements
IRS Letter/Notice 1058 – Former IRS Agents – Insider Tips – Tax Relief on Back Taxes
Have Former IRS agents stop IRS today. Over 60 years with the IRS in the local, district and regional offices of the IRS.
Free tax consults 1-866-700-1040.
Have Former IRS Agents and Managers stop the IRS with the filing of a Collection Due Process, Right to Hearing and get you the time and settlement you need to go on with your life.
Stop the back tax problem with one phone call from a team member of Fresh Start Tax LLC. call 1-866-700-1040.
You can speak directly to the tax professionals handling your case.
We have worked and closed thousands of cases, IRS Letter/Notice 1058 since 1982. We are “A” rated by the BBB.
Call us for a free tax consult with a true tax professional. You will either speak to a Board Certified Tax Attorney, CPA or Former IRS Agents.
If you have just received a IRS Letter 1058 or LT- 11 this is a Final Notice from the Internal Revenue Service usually sent by certified mail. This Final Notice lets you know that you have not addressed your back taxes.
If you do not respond to this Letter/Notice 1058 the Internal Revenue Service has definitive plans to send out a bank levy, a wage levy sometimes called a wage garnishment and will probably file a Federal Tax Lien within 30 days from the date shown on the letter. You can stop this action by calling the IRS with a plan of action.
IRS will always send out a CP 504 letter/notice before the filing of the last and Final Notice, Form 1058 Collection due Process, Right to a Hearing Notice.
What to do when you receive this letter.
The first thing you always do is to take note of the final date allowed to contact the IRS.
You can either pay the balance you owe on your back taxes, or contact the IRS using the phone number on the notice to setup an IRS Installment Agreement, Payment Plan or have ask to have your case put into a tax hardship.
You will be required to fill out a form 433F which is a detailed IRS financial statement before IRS decides on how your tax case on your back taxes will be closed.
If you disagree with the Notice/Letter 1058 and you believe the notice is incorrect, you have the right to an appeal hearing. If you have sent prior letters those do not constitute a formal appeal.You must do so within your notice of appeal dates only.
Insider Tax Tips:
1. Always have a third party review your financial statement to make sure it makes sense before giving it to the Internal Revenue Service,
2. Make sure all your tax returns are filed before calling the IRS,
3. Make sure you have enough withholding being taken out or your ES payments are up to date.
4. If you are going to hire any firm make sure you use Former IRS Agents who know how the system works,
5. Be sure not to be ripped off. Check the BBB rating of any and all companies you may want to consider.
by steve | Sep 27, 2011 | IRS Tax Problem, Tax Levy and Wage Garnishments
FRESH START TAX LLC Since 1982 Affordable IRS Tax Experts A Professional Tax Firm “A” Plus Rated by the Better Business Bureau
Get your IRS Tax Levy RELEASED AND REMOVED! Today!
Former IRS Agents, Managers and Instructors with over 60 years of direct work experience at the IRS know the exact the system, the formula and the persons to call to get immediate tax results.
Tax practitioners have special numbers to call to get your levy not only released but also get your case closed.
We have over 205 years of professional tax experience and have worked thousands of cases since 1982.
Call us for a no cost professional tax consult.
Our Company Resume: ( Since 1982 )
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Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
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On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
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We taught Tax Law in the IRS Regional Training Center
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Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
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As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
IRS Bank Levy and Wage Garnishment – 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
