Wednesday, April 27, 2011

IRS Levy -- Social Security -- Notices CP-90 and CP-297 -- What to Do

IRS LEVY
on
your
SOCIAL SECURITY
SOCIAL SECURITY DISABILITY (SSDI)

IRS Notice CP-90 / CP-297 

This IRS notice (CP-90 or CP-297) is telling you that the IRS intends to issue a levy against any federal payments due you, such as contractor/vendor payments, OPM retirement benefits, SSA benefits, salary, or employee travel advances or reimbursements because you still have a balance due on your tax account. Property, or rights to property, such as real estate, automobiles, business assets, bank accounts, wages, commissions, and other income are also subject to levy. It is also telling you that the IRS may also file a Federal Tax Lien, if the IRS has not already done so.




What You Need to Do

You can pay the amount in full that is shown on the Notice or you can enter into an Installment Agreement. Before you enter into any Installment Agreement with the IRS, you should look into an IRS settlement through the Offer in Comrpomise program.


How Much time do You Have

You have 30 days from the date of this notice (CP-90 or CP-297) to contact the IRS before the IRS issues a levy. Or, you can contact Flat Fee Tax Relief and start the process to stop the IRS and settle your back tax debt.


What Happens if You Do Nothing

If you do nothing, the IRS has several options available that IRS will use to collect the money. One option is to issue a levy against your federal payments. That means that the IRS will take a minimum of 15% of your Social Security or Social Security Disability (SSDI). Another option is to file a Notice of Federal Tax Lien. The tax lien gives the IRS a legal claim to your property as security or payment for your back tax debt.

IRS Authority to Levy Your Social Security 

In July 2000, the IRS, in conjunction with the Department of the Treasury, Financial Management Service (FMS), started the Federal Payment Levy Program (FPLP) which is authorized by Internal Revenue Code Section 6331 (h), as prescribed by the Taxpayer Relief Act of 1997 Section 1024. Through this program, the IRS can collect your overdue taxes through a continuous levy on certain federal payments disbursed by FMS. The following is a list of federal payments that can be levied by the IRS through the FPLP:

  • federal employee retirement annuities,
  • federal payments made to you as a contractor/vendor doing business with the government (including Defense contracts),
  • federal employee travel advances or reimbursements,
  • certain Social Security benefits paid to you,
  • some federal salaries, and
  • Medicare provider and supplier payments.
As part of this program, a file of delinquent accounts is transmitted to FMS to be matched against pending federal payments you are due. When a match is found, the IRS will send you a Final Notice- Notice of Intent to Levy and Notice of Your Right to a Hearing (CP-90 or CP-297), if another Final Notice has not already been issued.

If You Are On a Limited Income

WHY

WOULDN'T

YOU

SETTLE WITH THE IRS?



You Don't Have to Suffer

You Can Settle


Offer in Compromise

An IRS settlement through the Offer in Compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.

“I’ve made a whole set of changes to the Offer in Compromise (OIC) program since I’ve been here to try to increase the participation rate, increase the acceptance rate, because it’s good for the tax system,” Doug Shulman, the IRS Commissioner said.


“These changes to the Offer in Compromise program will help give taxpayers a fresh start,” said Doug Shulman, the IRS commissioner, in a conference call with reporters. These changes “are especially appropriate as the American people and small businesses are climbing out of the worst recession in a generation.”

“There are a variety of things, all aimed at increasing acceptance rates for an Offer in Compromise, making it a user-friendly thing to apply for,” Shulman said.

WHAT ARE YOU WAITING FOR?


YOU CAN SETTLE

WHY FLAT FEE TAX SERVICE FOR YOUR IRS SETTLEMENT
• Experienced Tax Attorneys
• Lower fees - higher value
• Integrity, credibility, personal service & results
• No Salesman - No Pressure

FLAT FEE TAX  SERVICE -  IRS SETTLEMENT FEES ARE:
• Fixed with no hidden charges
• Payable in monthly installments
• Low initial payment to begin work
• Always competitive and affordable 




Flat Fee Tax Relief IRS Settlement Plan 1 - $2050.00 
If you owe the IRS between $10,000.00 and $100,000.00;

1. Stop the IRS -- IRS Wage Levy -- IRS Garnishment Release and
2. IRS Settlement - Offer in Compromise,
3. Prepare 3 Tax Returns,
4. $250.00 initial retainer & 9 monthly payments of $200.00 ($2050.00 total)

FLAT FEE TAX  SERVICE, INC. - Good people - Doing Great Work

FLAT FEE TAX SERVICE, INC. - Christian Values

The Flat Fee Tax Service, Inc.

Income Tax Settlement Help - Line:

1 - 800-589-3078

CLICK ON OUR WEBSITE:





1 comment:

  1. Are you on Social Security and facing a Levy for back tax debt owed to the IRS? You don't have to suffer with a tax debt. You can settle for less.

    ReplyDelete