Wednesday, May 18, 2011

IRS Tax Levy -- You Can Stop an IRS Tax Levy in 1 Day/24 Hours -- What You Need to Know

FLAT FEE TAX SERVICE
Will Stop
an 
IRS Tax Levy
in
1 Day/24 Hours

The affordable IRS tax relief help team at Flat Fee Tax Service, Inc. is the nationwide leader in having an IRS Tax Levy stopped and released. Our Flat Fee Tax Relief team provides affordable IRS help and will have your IRS Tax Levy stopped and removed in 1 Day/24 Hours.

What is an IRS Tax Levy or Garnishment?

An IRS Tax Levy, which some people call a garnishment, is a legal seizure of your property to satisfy a tax debt. An IRS Tax Levy is different from a Federal Tax Lien. A federal tax Lien is a claim used as security for the tax debt, while an IRS Tax Levy actually will take your property to satisfy your back tax debt.

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. For instance,
  • The IRS could seize and sell property that you hold (such as your car, boat, or house), or
  • The IRS could levy property that is yours but is held by someone else (such as your wages, Social Security benefit, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
The IRS can serve the Final Notice to Levy/Notice of Bank Levy or IRS Garnishment in person, leave it at your home or usual place of business, or send the Notice of IRS Levy or IRS Wage Garnishment to your last known address by certified or registered mail. It is important to note that the IRS is only required to send the Final IRS Levy Notice (Final IRS Bank Levy or IRS Garnishment Notice) to the last address known to it. The taxpayer does not need to actually receive the Notice for IRS Bank Levy or IRS Wage Garnishment for it to be effective.

What is Required of the IRS to Execute an IRS Tax Levy on your Assets?

  • The IRS assessed your delinquent tax and sent you a Notice and Demand for Payment (CP 90, CP 91, CP 504, Letter 1058);
  • You neglected or refused to pay your past due tax liability; and
  • The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (tax levy notice) at least 30 days before the levy. The IRS could 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. Please note: if the IRS executes a tax levy on your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the tax levy.

How much can the IRS levy take from my paycheck, Social Security or Disability?

The IRS levy will leave you with very little. You will still have Workers Comp, Social Security, Medicare, Health Insurance, State Income Taxes, Child Support Payments taken out of your check and then the IRS will take their share.

If you have tax returns that have not been filed, you are extremely vulnerable. If you have tax returns that are delinquent, the IRS does not have to co-operate with you.


Manual Levy

The IRS is not limited by IRC 6331(h) to taking 15% of your paycheck, your Social Security or your Social Security Disability (SSDI) benefits. The IRS can issue a manual levy that can continuously take ALL of your Social Security / Social Security Disability (SSDI) benefits as well as your paycheck / wage under Internal Revenue Code section 6331(a), which permits an IRS Tax Levy on all your wage, salary or other income [which would include Social Security / Social Security Disability (SSDI)]. The 15% automatic IRS Tax Levy provision is a supplement to the manual IRS Levy power. The IRS can chose the manual approach if it deems fit and attempt to collect more than the automated 15%.

It all depends on whether you have had a Revenue Officer assigned to you, if you have unfiled tax returns and who the IRS Revenue Officer assigned to your case is.

Is an IRS Tax Levy Continuous?

An IRS Tax Levy / IRS Garnishment upon your paycheck, your Social Security or Social Security Disability (SSDI) is considered to be a continuous IRS Tax Garnishment/IRS Tax Levy. The IRS Tax Levy needs to be applied only once and will be applicable to your future wages until either Released by the IRS under §6343 or your tax debt is fully paid. As your future wages (your paycheck or Social Security) are earned, no additional IRS Garnishment/IRS Tax Levy action is necessary by the IRS to take a large portion from your paycheck unless steps are taken to Release the IRS Tax Levy/IRS Garnishment.

What are your Options? What can you do?

  1. You could quit your job and run away until the IRS catches up to you again. That doesn't seem like a real good idea.
  2. You could contact the IRS and enter into some sort of payment agreement. If you do this, you won't know if your tax debt could have been reduced further. You won't know if you could have had the penalties and interest reduced and eliminated. You won't know if you could settle with the IRS through an Offer in Compromise. The IRS has expanded on your ability to settle through the Fresh Start Offer in Compromise program. 
  3. You could contact Flat Fee Tax Service, Inc. and have your case analyzed. Flat Fee Tax Service, Inc. will stop your IRS Tax Levy and have it released in 1 day/24 Hours. Sometimes our IRS tax relief team will have your IRS levy released in a matter of hours.
  4. Flat Fee Tax Service, Inc. will be able to let you know if you can settle with the IRS through their expanded Fresh Start Offer in Compromise program.




When Will the IRS Tax Levy Stop?


If you have an IRS Tax Levy your wages, salary, or federal payments, the IRS tax levy will end when:
  • Your IRS tax levy is released, or
  • You pay your tax debt in full, or
  • The time (Statute of Limitations) expires for legally collecting the tax, or
  • You file an Offer in Compromise and settle with the IRS for less.

CALL ME FOR YOUR CONSULTATION:

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I am Dave Rosa, the V.P. of Client Relations at Flat Fee Tax Service, Inc. I will be walking you through your free and confidential consultation. It is during this initial consultation that I will provide you with an action plan that will be the general outline to resolve your IRS problem. Once you become our client, our IRS tax relief team will call the IRS and we will then know exactly what we need to do to lower your tax debt and settle your IRS problem.

We feel that our client service and the positive results that we provide to our clients makes us the best tax resolution company nationwide. Flat Fee Tax Service, Inc. is not the largest IRS tax relief company but no other IRS tax relief company can beat our affordable IRS help while providing our quality work.

Are you going to continue to run away from the IRS and avoid the inevitable or will you hire an experienced tax professional and resolve your tax problem today? You can get out of trouble with the IRS and get yourself a fresh start.

WHY CHOOSE FLAT FEE TAX SERVICE, INC. TO STOP YOUR IRS LEVY:
Experienced IRS Tax Attorneys who work with the enforcement division of the IRS on a daily basis.
• Accredited by the Better Business Bureau - A- rating with the BBB.
• Guided by our Chrsitian Values and Principles - Credibility, Reliability and Positive Results.

• IRS Wage Levy Released in 1 day/24 hours.


FLAT FEE TAX SERVICE, INC. FEES ARE: 
Flat and Fixed with no hidden charges - Fees posted on front page of our Website.
• Credit Available for Everyone - Payable in monthly installments
• Low initial payment to begin work
• Always competitive, flexible & no salesmen to "bug" you.

When the IRS Has You Feeling Like You Have No Place To Turn, 

When the IRS Has Used an IRS Wage Levy to Take Your Check, You Have: 


THE FLAT FEE TAX RELIEF TEAM - Good People - Doing Great Work


FLAT FEE TAX RELIEF - Christian Values

THE FLAT FEE TAX SERVICE, INC.

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1 comment:

  1. An IRS Tax Levy will have a devastating effect on you. Be pro-active and resolve your tax liability and stop the IRS. Keep your paycheck.

    ReplyDelete