Tax Levy IRS – Get your money Back & Case Settled

 
Call us today to get your money back from the Internal Revenue Service and settle your case at the same time.
Being former IRS agents and managers who worked in the local South Florida offices we know how to get your IRS tax levy released and get your case settled all at the same time.
We worked as revenue officers, revenue agents and taught tax law at the Internal Revenue Service.
We also worked as managers and supervisors. We know how to get your IRS tax levy released ASAP.
We know all the formulas and the tax protocols to get your case closed  and your levy released or removed.
We have been in private practice in South Florida since 1982 and we are A+ rated by the Better Business Bureau.
 

How to get your Money Back and your Case Settled

 
IRS has a very specific process to get your tax levy released.
IRS will require a current financial statement which is form 433-F and that financial statement can be found on our website.
IRS will want a completely documented financial statement along with copies of your pay stubs and expenses to verify the financial statement.
Once IRS reviews the financial statement they will compare that against the national, regional, and local expenses. IRS wants to make sure a taxpayer is living within their means and the allowable budget that meets the standards of the Internal Revenue Service.
 
 

IRS will then suggest a closing method to the taxpayer.

 
As a general rule  the closing method used by IRS are found below.
Based on your current financial statement, the IRS would either put your case into a:
 

• economic tax hardship,

• enter you into an installment or monthly payment agreement,

• or recommend that you are a suitable candidate for offer in compromise.

 
Once you agree to one of these closing methods the IRS will then give you an immediate release of the tax Levy.
This process can take less than 72 hours.
As a matter of fact once you give IRS a current financial statement with all your documentation you usually can get your levy release that day.
 

Can you be fired from your job because of an IRS levy?

 
Sometimes an employer threatens to fire an employee to avoid handling a levy.
This might be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
Refer the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.
 

A Wage Levy has a Continuous Effect on Salary and Wages

 
Unlike other levies, a levy on a taxpayer’s wages and salary has a continuous effect. It attaches to future payments, until the levy is released.
Wages and salary include fees, bonuses, commissions, and similar items. All other levies only attach to property and rights to property that exist when the levy is served.
Example:
If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.
When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to. If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.
A Form 668-A is issued to levy an author’s royalties.
The author has a fixed and determinable right to royalties for books that have already been published. The levy reaches royalties for sales of those books in the future. The levy does not reach royalties for books that are written and published later.
A new levy must be served to take those royalties.
A note of importance, if the internal revenue service has issued you a form 433-a those are one time levies only. To seize or garnish monies again they must continue to re-issue 433-A’s.
 A 433-a is a one-time levy and a 668-W is a continuous levy.
A Form 668-W is issued to levy a taxpayer’s retirement income. The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.
Part of the individual taxpayer’s wages, salary, (including fees, bonuses, commissions and similar items) and other income, as well as retirement and benefit income, is exempt from levy.
The weekly exempt amount  from a levy is:
The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.
Then, this total is divided by 52.
Income that is not paid weekly is prorated, so the same amount is exempt.
In addition, the amount the taxpayer needs to pay court ordered child support is exempt.
The support order can originate from a court or administrative process under the laws and procedures of a state, territory or possession.
 

Tax Levy IRS – Get your money Back & Case Settled Affordable – Miami, Ft.Lauderdale – Former IRS Managers, Agents