Tax Levy Attorney – Florida – Fast Releases of IRS Tax Levy 1-866-700-1040
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If the IRS is filed a tax levy and you need a immediate release of an IRS bank or wage levy contact us today for fast and immediate results. Because of our years of experience at the Internal Revenue Service we know the system to get you fast tax relief.
We have over 60 years of direct working experience at the local Florida IRS offices and are completely familiar with all tax procedures that can get a immediate release of IRS tax levies as well as settle your IRS tax debt.
Our firm has over 206 years of professional tax experience and we are A+ rated by the Better Business Bureau. We are affordable, experienced, friendly and offer fast results. Stop the worry today and hire local and tested Florida tax professionals.
What is the IRS Tax Levy
A federal tax levy is a legal seizure of your property to satisfy a IRS back tax debt. Tax Levies are very different from its cousin the federal tax lien.
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. Therefore a levy acts as a seizure.
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. IRS will conduct a asset search to determine if other assets belonging to the taxpayer can be levied.
IRS has the ability to seize and sell property that you hold such as your car, boat, or house or 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.
To the surprise of many, IRS may seize IRA plans, pension plans, Keogh plans and 401s as well.
The Internal Revenue Service can usually levy only after these three ( 3) requirements are met:
a. The Internal Revenue Service assessed the tax and sent you a final Notice and Demand for Payment;
b. You neglected or refused to pay the tax; and/or
c. The Internal Revenue Service 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.
How the delivery of the Tax Levy must be made
IRS has options, they may give you this notice:
1. in person,
2. leave it at your home or
3. your at usual place of business,or
4. send it to your last known address by certified or registered mail, return receipt requested. the requirement that IRS has on sending it to your last known address is specifically to send it to the last known address of the last tax return you have on file.
If you have moved your responsibility to contact the Internal Revenue Service as to your new address.
Note.
IRS can levy 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.
Is the tax levy causing you a hardship
If a levy on your wages, bank account or other property is causing a hardship you should immediately call fresh start tax and we can begin the process of having the Internal Revenue Service place you in an economic tax hardship.
There are very specific hardship rules and by a simple phone call to our firm we can help you determine whether you have in effect have an economic tax hardship.
If the IRS finds that you are in hardship status they will immediately remove or release your IRS tax levy or tax garnishment.
If the levy is released
A tax 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.
If the IRS does not remove the 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.
Requests must be filed within 30 days
You must file your request within 30 days of the date on your notice.
Some of the issues you may discuss include:
1. You paid all you owed before we sent the levy notice,
2. The IRS assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
3. The IRS made a procedural error in an assessment,
4. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
5. You did not have an opportunity to dispute the assessed liability,
6. You wish to discuss the collection options, or
7. You wish to make a spousal defense.
Appeals hearing to remove an IRS tax Levy
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.
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 the IRS sends a 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.
Tax Levy on Bank Accounts
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.
Tax Levy on Wages
It should be noted that a 668W- levy on wages is a continuous levy your wages. It will be continued week after week until you secure a release of wage levy from the Internal Revenue Service. By contacting IRS Tax Levy Attorneys Florida Office we can get your levy released on your case settled.
