Tax Levy Removal – Bank, Wage Levies Removed – Fast & Affordable
We are comprised of Tax Attorneys, CPA’s and Former IRS Agents who have over 60 years of direct work experience in the local, district and regional offices of the IRS.
Call us today and we can go over your tax options to get a Tax Levy Removal. Once we are provided with your information we can get same day releases of a tax levy.
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How Tax Levies are removed.
IRS will require a number of things to get your tax levy removed.
IRS will ask for a 433A or a 433F depending who has control of the case. Both of those forms are IRS financial statements. IRS will require those financial statements documented.
IRS will then apply your expenses against the National and Regional Standards. IRS will analyze the information and then make a decision to put your case in one of three categories.
IRS will either put your case in a IRS tax hardship, make a payment agreement or we recommend the filing of a offer in compromise.
You must also have all tax returns file and up to date.
It is of critical importance you have a tax professional qualify your case before submitting the financial statement to the IRS so you can the best possible settlement structure.
We will qualify all financials statements for no charge.
What is a Tax Levy – Tax Liens vs Tax Levies
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. A levy is an actual seizure by the FEDS.
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 has the right to seize and sell property that you hold such as your car, boat, house, or your IRA or pension. IRS can also levy on Social Security.
IRS could also 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.
IRS can only usually levy only after these three requirements are met:
1. The Internal Revenue Service 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.
Method of Delivery of a Tax Levy
IRS may give you this notice:
1. in person,
2. leave it at your home or,
3. your usual place of business,
4. or send it to your last known address by certified or registered mail, return receipt requested.
Options for the taxpayer who has been levied
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. We assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
c. We 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, ( the collection statue is usually 10 years.)
e.You did not have an opportunity to dispute the assessment.
Tax Levy Removal – Bank, Wage Levies Removed – Fast & Affordable
Call us today to get results.
