FLAT FEE TAX SERVICE
How to Stop an IRS Tax Levy: Preventing a Federal Tax Levy
Ways to Stop a Levy
- Pay the IRS Your Tax Debt in Full
This is the most obvious way to stop your IRS tax levy. Once you pay the IRS in full they, obviously, will stop any collection actions and will no longer need to consider a levy. If you don't have the funds to pay your tax liability in full you can consider borrowing from friends and family, selling some physical assets, paying on credit card or sell some financial assets. If having to sell assets or borrow would still cause serious financial strain it is a good idea to consider your other options. If you had the money to pay your Tax Liability in full, you would have done so.
- IRS Installment Agreement / Payment Plan
An IRS Installment Agreement / Payment Plan is the most common form of tax settlement with the IRS. With an installment agreement you will be allowed to pay the taxes off over a period of time, in monthly installments. Once you enter into this agreement you will be considered in good standing with the IRS as long as you keep up on the required monthly payments. One thing to note about this form of settlement is that you do stop penalties from accruing but interest will still continue to accrue on the balance of taxes that is still outstanding. You can expect your debt to double in 3 years. You will feel like you are shoveling against the tide.
- IRS Settlement Through the Offer in Compromise Program
An IRS settlement through the Offer in Compromise Program allows you, the taxpayer, to settle your tax liability for less than the total amount. An Offer in Compromise is only available to those taxpayers that meet a strict set of requirements and can prove to the IRS that it would cause serious financial burden by collection the taxes or even if they uses forced collection mechanisms they won't collect more than the amount made in the offer.
- Innocent Spouse Relief
IRS tax relief through the an Innocent Spouse filing has been a rare form of tax settlement and may only apply to very few people. When individuals file a joint tax return, each spouse is equally liable for all taxes owed. Innocent Spouse Relief is a way to place full tax liability on one spouse or separate out what is owed by each spouse. The Innocent Spouse Relief is only available to those that have filed jointly.
We, at Flat Fee Tax Service, Inc., will prepare your delinquent / unfiled income tax returns. Frequently, a taxpayer who has an IRS Levy may have several prior year income tax returns that have not been filed. Before IRS will grant a release of a levy, the IRS may require that all of your tax returns (at least for the last 6 years) be filed.
|IRS has a very specific set of rules and guidelines the Collection Division must follow before your IRS Levy can be stopped and released. We, at Flat Fee Tax Service, Inc., know the IRS rules and guidelines (front and back) and can call an IRS bluff when we know what is right and what is wrong.|
When your wages are abot to be levied or have been levied, the IRS wants to collect as much of your money as fast as they can collect it. This is the job of every IRS employee in the country. This is the only function of the IRS.
Even though most IRS employees are nice people, they still have that one great priority that can ruin your life. That priority is to collect money for the Federal Government.
This is where Flat Fee Tax Service, Inc. can save you a bundle of cash very quickly.
Flat Fee Tax Service, Inc. will save you a lot more than our modest fees. You may see our fee schedule on our web site (http://www.flatfeetaxservice.us):
If you owe the IRS between $10K and $100K; pay only $1990 for complete IRS tax relief which includes IRS Levy/IRS Wage Garnishment removal, IRS Offer in Compromise or IRS Penalty Abatement and up to three (3) Federal tax returns.
- A $290 retainer to start the work necessary to get you a fresh start. A fresh start is having the Levy stopped and released and beginning the process for your IRS settlement through the Offer in Compromise program.
- Low monthly payments. 10 monthly payments of $170 is all that is needed to provide you with the experienced IRS tax representation required to complete you tax relief work.
- Experienced IRS Tax Attorneys
- No Complaints
- No Pressure
- No Salespeople
- Personal Service
- Always Low Fees
- Reasonable - Small Retainer to Begin Work
- Low - Small Monthly Payments
- No Hidden Charges