There are two types of IRS levies, a bank levy (also brokerage accounts) and a wage levy / garnishment which are used in most cases by the IRS. The IRS actually uses the term "levy" and not "garnishment." Most people know the term garnishment and for our purposes will be interchangeable.
You really should not try and deal with this matter on your own. There are too many variables that you are unfamiliar with. The IRS will not present your options to you as the IRS is only concerned with collecting money. It is your responsibility to know what your options are.
You are a complete novice regarding the collections department of the IRS. You representing yourself with the IRS would be like the old movie saying, "it's like taking a knife to a gunfight."
In most cases, the IRS has gone years waiting for you to address your back tax liability; after a period of time (and/or a dollar amount) the Internal revenue Service (IRS) has chosen not to wait any longer to get what they believe is due to them, by any means necessary which may include coming after your bank account, or wages, or Social Security all at the same time.
If your bank account has been levied, the bank is obligated (by law) to “freeze” your money for 20 days (includes Saturday, Sundays and federal holidays) before turning it over to the IRS on day 21 and you will not be able to touch your money as long as the levy is open. If you are going to get any money back in a bank levy, it is best to stop the levy within the 20-day window because it becomes more difficult to get your money released or returned afterward.
If your wages have been hit by an IRS levy, your employer will only be allowed to give you a small percentage of your take home pay until the levy is stopped / released or your back tax debt is paid in full.
An IRS Levy of your assets (bank account, wages, Social Security) will create a financial hardship to your life in a very short period of time. Regardless whether you are struggling to pay your bills already or not, you will need to have the IRS Levy stopped and released as soon as possible. An IRS Levy is designed to bring you to your knees immediately so that you will agree to anything that the IRS dictates to you regardless of your Rights.
Flat Fee Tax Service, Inc. can get most IRS wage levies and garnishments released in 1 Day / 24 Hours (in most cases). If you have an IRS Revenue Officer assigned to your case, having your levy released will be more time consuming but our IRS tax relief team will get the job done. Flat Fee Tax Service, Inc. has experienced tax attorneys working hard on your behalf to bring you piece of mind that will reduce your stress, stop your confusion, and your worries about checks bouncing and bills going unpaid.
When you do not your rights and the laws regarding how to stop or release an IRS levy, it would be extremely difficult to confront the IRS alone. Yes, you could get yourself into an IRS Installment Agreement but it won't be the best deal possible.
The IRS professionals at Flat Fee Tax Service, Inc. are here to help you. It starts with your obligation consultation. Flat Fee Tax Service, Inc. will only accept you as a client and take your case if we truly feel you have a chance of succeeding. Once you become a client, you will work directly with the Tax Attorney assigned to your case. Our immediate assignment is to stop and release the IRS levy and get you back on track.
To stop an IRS levy, you will need to provide us with all the information about your back tax liability (as you know it) and your present financial circumstances during our initial confidential consultation.
Once our tax professionals have the facts, we’ll explain your options to you and move quickly toward your IRS solution.
You will have several options. Your IRS solutions may include:
- Entering into an Installment Agreement with the IRS (there is more to it than just agreeing to a monthly amount),
- Requesting an IRS settlement through the new and expanded Fresh Start Offer in Compromise program. You may be able to settle your tax liability for a fraction of what you owe.
- Reduce your back tax debt through a Penalty Abatement (elimination of penalties and interest) due to reasonable cause.
- Amend you tax returns and lower your tax liability, or,
- If you can’t make any payments at all to the IRS without it causing a hardship on yourself, you and your back tax debt may be classified as Currently not Collectible.
Flat Fee Tax Service, Inc. is the nationwide leader in having an IRS Levy stopped and released. The Tax Attorneys at Flat fee Tax Service, inc. will have your IRS Levy stopped and removed in 1 Day / 24 Hours.
Flat Fee Tax Service, Inc. has been working on cases just like yours for more than five decades collectively and have been able to resolve even the most challenging situations. We don't care if you have unfiled / delinquent tax returns or not. No one will have your IRS stopped and released faster than Flat Fee Tax Service, Inc.
I am Dave Rosa, the V. P. of Client Relations at Flat Fee Tax Service, Inc. I will be conducting your confidential consultation. It is duty to you, as well as well as to Flat Fee Tax Service, Inc., to provide you with an informative and straightforward evaluation of your IRS problem. If you qualify, not only can we bring you peace of mind with regards to your IRS levy but Flat Fee Tax Service, Inc. may be able to save you a large percentage (50%-85%) off of your back tax debt at the same time.
Procrastination is usually how most people get to this point to begin with. Our best advice to you is: Do not delay regarding this matter any longer! To know more about these options on how to stop your levy, take a moment to call us directly.
WHY FLAT FEE TAX SERVICE TO STOP AN IRS LEVY:
• Experienced Tax Attorneys
• Lower fees, higher value and personal service
• Integrity and credibility always
• IRS Wage Levy Release in 1 day/24 hours
FLAT FEE TAX SERVICE FEES FOR YOUR IRS SOLUTION ARE:
• Fixed with no hidden charges
• Payable in low monthly installments
• Low initial payment / retainer to begin work
• Always competitive, flexible & no salesmen commissions