Wednesday, November 30, 2016

IRS Tax Problems Resolved - IRS Tax Attorney - The Best IRS Help - Flat Fee Tax Service

IRS TAX ATTORNEY

Before you call one of the large advertisers claiming to solve your income tax problems for "pennies on the dollar" take the time to talk to the best IRS help team, led by an IRS Tax Attorney at Flat Fee Tax Service, Inc.




The best IRS help team at Flat Fee Tax Service, Inc. is here to help you resolve your IRS tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, thorough and, of course, extremely discrete.

An IRS Tax Attorney at Flat Fee Tax Service, Inc. will help you with the following IRS tax problems:

IRS Tax Levy - IRS wage garnishment (IRS tax levy) is the deduction of money from an employee’s (this is you) monetary compensation resulting from unpaid IRS taxes. Most likely this should not be a surprise as the IRS will only levy one’s wages after repeated letters and warnings about the taxes owed. This is one of the IRS’s most aggressive tax collection mechanisms and should not be taken lightly. The IRS would rather resolve income tax problems in a different manner but they will levy when they feel the have run out of other options. It is important to understand how garnishments work to ensure you take the appropriate actions to avoid them or stop the IRS from taking your wages.

Bank Levy - An IRS tax levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.

If you receive an IRS bill titled Final Notice of Intent to Levy and Notice of Your Right to A Hearing, contact the best IRS help team at Flat Fee Tax Service, Inc. right away.

If you receive an IRS notice of levy against your employee, vendor, customer or other third party, it is important that you comply with the levy.

Threatening Letters - The IRS will follow through on their threats, so ignoring an IRS threatening letter is absolutely the worst thing to do. You should check the facts in the letter. If there is anything amiss in their calculations or your liabilities or their assessment, write a polite letter back explaining the error or omission and see if they will remedy the situation. 

If the IRS has reached the point where they are sending you threatening letters however, you may need to be a little more proactive in resolving the situation before the IRS become proactive themselves. You do not want this to happen. If you allow the IRS to take action before you do it will result in you unnecessarily suffering at their hands. The IRS has considerable powers when it comes to collecting taxes and they are rarely if ever prone to taking the lightweight approach. The IRS sends out threatening letters when they know or think they know that you owe them money; beyond that, they have little interest in you.

Non-Filing - What if you fail to file tax returns? - The IRS may file what is known as a substitute for return (SFR) for you. A substitute for return is not a tax return. The IRS will not be looking to save you any money. In fact, a substitute for return will not include any of the standard deductions your accountant would typically include in your return. Case in point, a substitute for return only allows one exemption: single or married filing separate, so you end up with higher tax liability than if you would have just filed.

Federal Tax Liens - A federal tax lien arises when a tax return is filed and the tax isn’t paid after a demand for payment has been made. By law the lien is in favor of the United States and is upon all property and rights to property of the person with the unpaid tax. It gives the IRS the authority to seize any proceeds from sales of real estate owned by a delinquent taxpayer. To protect the government’s right of priority against other parties who are owed money by the same person, the IRS will file a Notice of Federal Tax Lien, which puts other creditors on notice about the IRS’s claim.

Offer in Compromise - Reduce Your IRS Debt with an Offer-In-Compromise - Qualifying for an offer in compromise settlement can save you thousands of dollars in taxes, penalties and interest. An offer in compromise is an agreement between a taxpayer and the IRS to settle the taxpayer’s tax liabilities for less than the full amount owed.

Innocent Spouse - Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later divorce. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns. One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse.




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IRS TAX HELP PHONE

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Tuesday, November 22, 2016

IRS Negotiated Tax Settlements: The Steps To Settle Your Income Tax Debt - IRS Tax Attorney

IRS SETTLEMENTS

IRS TAX DEBT SETTLEMENT HELP

Did you know that you can settle your past due income tax debt with the IRS for less than you owe them through their Offer in Compromise program? The IRS also calls their settlement program "The Fresh Start Initiative". An IRS Tax Attorney at Flat Fee Tax Service, Inc. will handle your IRS settlement from beginning to end.







This Offer in Compromise program allows financially struggling taxpayers to settle with the IRS on tax debt that has been:

1) incorrectly assessed or
2) for income tax liabilities they cannot afford to pay.

The IRS Code states: “The IRS will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).



If you are eligible and qualified to settle with the IRS, it is possible to completely eliminate all of the taxes you owe – including all penalties and interest – at a huge discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done “right.” Ultimately, the IRS does not look at how much you “owe”. It is simply looking at “how much you earn” and “how much in assets you own”. 

If done correctly, it may be possible to settle your for "practically nothing". 

BEWARE!!! There are many national companies promising an IRS settlement of your income tax debt for “PENNIES ON THE DOLLAR”!! To make a blanket statement such as this without knowing any of the circumstances of your situation, is reckless at best, and malpractice at its worst.

Can you imagine your doctor walking into your examination room and start writing a prescription, without having any type of examination or asking you any questions??? 

 The IRS has a set financial formula and procedure established with guidelines and regulations that specify how an IRS settlement has to be structured for it to be accepted. I know exactly what the IRS is looking for and what an acceptable offer would be. 

If an Offer in Compromise is submitted that isn’t done according to IRS guidelines, it will be IMMEDIATELY REJECTED!!! The IRS will not tell the taxpayer why your Offer in Compromise was rejected. Have a proven professional prepare your IRS settlement.

Many of these companies are accepting clients whose financial circumstances are such that their offers were never viable or acceptable from the beginning!!! Yet the naive taxpayer will still be out thousands of $$$$’s in fees.

It is important to choose your tax resolution representation carefully. One more important fact to know, it is the same amount of work for your tax representation to settle a $10,000 income tax debt as it is to settle a $90,000 income tax debt.

FLAT FEE TAX SERVICE, INC.

OFFER IN COMPROMISE FEES

$1990
(initial fee is $290.00)
(remaining fees paid over 10 months)

The Best IRS Help Team will:
  1. Stop an IRS Levy
  2. Prepare up to three unfiled Fed. tax returns
  3. Prepare your Offer in Compromise
ALL FOR ONE LOW FEE

FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE

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Friday, November 18, 2016

IRS Wage Levy - Stop IRS Garnishment In One Day - The Best IRS Help

IRS Wage Levy – Steps to Take to Get Your Paycheck Back


There’s nothing more shocking than expecting a pay check only to find that you were hit with an IRS wage levy. The IRS will levy your wages if they have sent you a Final Notice of Intent to Levy via Certified Mail (a letter 1058) and you fail to pay your liability or fail to file an Appeal called a Request for Collection Due Process Hearing.

Did you receive a Notice of Intent? A Request for a Collection Due Process hearing must be requested in writing within 30 days of the date on the Final Notice of Intent to Levy.


The best IRS help team at Flat Fee Tax Service, Inc. will have your IRS wage levy stopped and released in 24 hours. After stopping your IRS levy on your wages / paycheck, our team will start working on reducing your income tax debt and getting you the Fresh Start that you deserve and need.



So what do you do if you find out on pay day that you aren’t getting a paycheck? Well…the first thing that needs to be done is to determine if you have met all of your filing requirements. What’s that mean? It means do you have any outstanding returns that need to be filed? If you do, then you have to get them filed asap. It adds insult to injury that you often don’t have any money to get those returns prepared because they just took your pay check but that’s how it works.

Next, it’s a good idea to have some solution in mind. Do you want an Installment Agreement how much do you want to pay? It’s been my experience that what you want to pay is less than what the IRS wants you to pay.



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If not an Installment Agreement, then what? You may want to file an Offer in Compromise. But it’s probably a little late for that. It’s unlikely that the IRS will release the Wage Levy just on your promise that you will file an Offer in Compromise. At any rate, the IRS is going to want to go through your monthly income and monthly allowable expenses to determine how much you should be paying them on a monthly basis. An IRS wage levy is an ongoing levy meaning if you don’t do something to get it released, it will continue until either the liability is paid or the collection statute date expires.

The bottom line is that wage levies are nasty. They come at the worst times imaginable. Don’t procrastinate until the IRS files a wage levy against you. It’s better to be proactive when all of your options are still open.




STOP AN IRS WAGE LEVY

IN ONE DAY

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AT 

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Thursday, November 17, 2016

IRS Negotiated Tax Settlements - Settle Your Tax Debt - The Best IRS Help

IRS TAX SETTLEMENTS

Did you know that you, a financially struggling taxpayer, can settle your income tax debt with the IRS for less than you owe them with their Offer in Compromise program?

The Offer in Compromise program allows taxpayers to settle with the IRS on an income tax debt that has been:
1) incorrectly assessed or
2) for tax liabilities they cannot afford to pay.

The IRS Code states: “We (the IRS) will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).




Many times, (but not always) it is possible to completely eliminate all of the taxes you owe – including all penalties and interest – at a huge discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done “right.” 


Ultimately, the IRS does not look at how much you “owe”. It is simply looking at “how much you earn” and “how much in assets you own”. If done correctly, it may be possible to settle your for very, very little. 

TAKE A LOOK AT OUR WEBSITES FOR EXAMPLES

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AT

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HAS A 90% SUCCESS RATE

BEWARE!!! There are many national companies promising an IRS settlement of your tax debt for “PENNIES ON THE DOLLAR”!! 

NOT EVERYONE IS ELIGIBLE AND QUALIFIED

To make a blanket statement such as this without knowing any of the circumstances of your situation, is reckless at best, and malpractice at its worst.

Can you imagine your doctor walking into your examination room and start writing a prescription, without having any type of examination or asking you any questions??? 

The IRS has a set procedure established with guidelines and regulations that specify how a deal has to be structured for it to be accepted. The best IRS help team at Flat Fee Tax Service, Inc. know exactly what the IRS is looking for and what an acceptable offer will be. 

If an offer is submitted that isn’t done according to their guidelines, it will be IMMEDIATELY REJECTED!!! Many of these companies are accepting clients whose financial circumstances are such that their offers were never viable or acceptable from the beginning. Do it right the first time.



THE BEST IRS HELP

THE BEST FEES

THE BEST SERVICE

THE BEST RECORD

FLAT FEE TAX SERVICE, INC.

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Monday, October 17, 2016

What’s the Fastest Way to Stop IRS Wage Garnishment or Bank Levy? IRS Tax Levy

What’s the Fastest Way to 
Stop IRS Wage Garnishment 
or Bank Levy?

IRS TAX LEVY


The fastest (1 day) way to stop the Internal Revenue Service (IRS) from garnishing your check or levying your bank account is to call:

THE BEST IRS HELP TEAM AT

FLAT FEE TAX SERVICE, INC.

STOP IRS TAX LEVY IN ONE DAY

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You should have done all you can to prevent IRS wage garnishment (IRS tax levy) from happening in the first place. This can be done by making sure that you don’t have an outstanding balance with the IRS and if you do, taking the necessary precautions to ensure that you’re doing what you can to make a payment every month. This type of arrangement can be done between yourself and the IRS, or you can hire the best IRS help team at Flat Fee Tax Service, Inc. to get you out of your IRS problems.



HOW DOES AN IRS TAX LEVY / WAGE GARNISHMENT HAPPEN?


If you’ve made an official installment agreement with the IRS about monthly payments, you are obligated to make good on this installment agreement without defaulting. Defaulting or even being late on at least one payment can render your original agreement void. At that point, you’ll be obligated to pay the full amount immediately. So, the next step is for the IRS to start garnishing your wages (IRS tax levy) or even possibly levying your bank account.

One way or another, the IRS will attempt to make every effort to collect the income tax you owe them.

It’s ultimately up to you as to what the IRS will do.

When You’re All Out of Options (that you know of)

If you’ve already reached the point where the IRS will not allow you the option to make a monthly payment arrangement, then your next step is to hire the best IRS help professional who understands tax laws a whole better than you. You’ll want to get someone who has successfully dealt with the IRS and income tax matters such as yours and can quickly resolve the situation from escalating to a wage garnishment or even a bank levy.

Finding the Best IRS Help Team

Flat Fee Tax Service, Inc. is a nationwide income tax relief firm led by an IRS Tax Attorney with a physical presence in San Diego, Ca. We have clients all over the world. Our team of income tax relief professionals specialize in resolving income tax issues like yours. No case is too complicated for our firm to handle. Our talented team of IRS tax lawyers (IRS Tax Attorney) are always on hand to answer any questions you might have about your tax situation. Flat Fee Tax Service, Inc. knows how to communicate with the IRS and alleviate the stress that you might be dealing with in regards to preventing your bank account from being levied.

Knowing Tax Laws

It’s quite easy to feel like you might be in over your head regarding your income tax debt, and quite frankly, it’s normal to feel that way. Unless you’re a tax attorney who does this kind of work on a daily basis, you aren’t really expected to know all of the tax laws. 


However, should you find yourself in perilous position regarding your income tax debt, it will be in your best interest to educate yourself on tax laws related your particular situation.

You Can Trust Flat Fee Tax Service, Inc.

We know all too well what a challenge it can be as there’s no such thing as a crash course in tax debt relief since each case is unique and should be handled as such. Trust your income tax problem with the best IRS help team at Flat Fee Tax Service, Inc. to resolve any income tax issues you might have. 


Call us today at 1-800-589-3078 for your free consultation about what steps you need to take to avoid wage garnishment and/or a bank levy. You can also contact us online.

IRS TAX HELP PHONE


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Monday, October 10, 2016

Income Tax Relief Expert Florida - The Best IRS Help - Flat Fee Tax Service

THE BEST IRS HELP TEAM AT

FLAT FEE TAX SERVICE, INC.

How We Can Help You!

1. Tax Resolution Help with IRS Back Taxes
2. Wage Garnishment & Bank Account Levy Help
3. IRS Penalties & IRS Tax Lien Help
4. Resolve Payroll Tax Issues & File Delinquent Returns
5. Professional IRS Back Tax Settlement
6. IRS Tax Attorneys Work With IRS On Your Behalf
7. Free Tax Analysis & Consultation




Request a free income tax debt consultation from one of our trusted professional tax relief experts by calling us directly.

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The Best IRS Help Team at

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Monday, October 3, 2016

The Best IRS Help - Currently not Collectible - Flat Fee Tax Service


Currently Non Collectible, also known as "CNC," is an IRS status in which the IRS views a financially struggling taxpayer as having no ability to pay the IRS anything. Once Currently not Collectible status is obtained, the IRS immediately stops all collection action. 

Such collection action may include IRS levy / IRS garnishment (wage and bank levies), against the person or business. The question then becomes, why choose to offer the IRS anything through an Offer in Compromise settlement when you need not pay the IRS anything under the currently non collectible status?



The benefits of "Currently non Collectible status" are as follow:

1. First, as mentioned earlier, all levy activity stops. 
2. Second, the IRS takes no action to collect against you while you maintain this status. 
3. Third, you can stay on non-collectible indefinitely.
4. Fourth, eventually the Statute of Limitations will run out and your income tax debt will go away.

The drawbacks of given Currently not Collectible are numerous.:

1. First, although the IRS will not collect from you while you are currently experiencing a financial hardship, if your situation improves the IRS will resume garnishments. 
2. Second, even though the IRS will not garnish or collect against you while on non-collectible (Currently not Collectible) status, you still owes the income tax debt. Your income tax debt does not go away. 
3. Third, while on currently non collectible, the IRS will take your tax refund each year and apply it towards the balance owed.So long as you are on CNC and owe the IRS a tax debt, you will never receive a refund.
4. Fourth, while you are in Currently not Collectible status, the IRS will file an IRS tax lien and this will harm your credit.

As you read above, there are serious considerations that need to be addressed. The best IRS help team at Flat Fee Tax Service, Inc. will go over your unique situation and get you, our client, the best results available.

The best IRS help team at Flat Fee Tax Service, Inc. oftentimes uses Currently not Collectible (CNC) as a strategic and temporary measure typically in conjunction with an Offer in Compromise. As an example, if our client qualifies to make an offer in compromise, our IRS Tax Attorneys will use the currently non collectible status as a tool to stop levies and garnishments. This will give you, our client, breathing room and it give us (the best IRS help team) enough time to submit for an Offer in Compromise without causing undue hardship on our clients. Also, attempting currently non collectible status is a fantastic pre-qualifying tool for us to use prior to submitting an offer in compromise to the IRS.

If the IRS has declared you to be Currently not Collectible and unable to pay the IRS for your income tax debt, then you are one step away to settling your tax debt.

Call the best IRS help team today for your free evaluation. Let us determine whether Currently non Collectible status is your best option or to stop a garnishment.

FLAT FEE TAX SERVICE, INC.

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Friday, September 30, 2016

IRS Garnishment - IRS Levy - The Best IRS Help - Flat Fee Tax Service

IRS GARNISHMENT A/K/A IRS LEVY

Often confused with a tax lien, an IRS income tax levy or garnishment occurs when the IRS actually seizes wages, income, bank accounts, social security payments, disability payments, accounts receivables, insurance proceeds, real property, personal property, and/or personal residence as severance for what you owe them. An IRS tax lien, simply gives the IRS a recorded right to your property. In effect, this means that you cannot dispose of your assets (i.e. sell your home). The IRS income tax lien ( Federal Tax Lien)will likely appear as negative history on your credit report. Unlike the federal tax lien, an IRS levy can devastate your life. You can risk losing your home and all monetary means if not taken care of properly. Fortunately, with the best IRS help team at Flat Fee Tax Service, Inc., we have crafted proven strategies and techniques designed to stop or release IRS garnishments. 

STOP AN IRS GARNISHMENT IN ONE DAY

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Stopping an IRS levy is typically only a short-term solution to a larger income tax problem that needs resolution. Therefore, any levy release must be immediately followed by a long term strategy developed to either reduce or eliminate the underlying tax debt. As such, we strongly recommend that any garnishment release or attempted release be performed by an experienced tax attorney, as it often includes a financial statement followed by complex negotiation.




This holds particularly true when dealing with an IRS Revenue Officer refusing to release the garnishment. In such instances we typically initiate a "CAP Appeal," or Collection Appeal Program with the Revenue Officer's branch office. An impartial third party then evaluates the appeal and determines the fairness or appropriateness of the garnishment. Revenue Officers particularly dislike CAP appeals as they stop current garnishments and the appeals officer usually rules in favor of the client so long as the tax attorney proposes a reasonable alternative to the garnishment.

If you are currently faced with an IRS levy or believe an IRS levy is imminent, contact the best IRS help team at Flat Fee Tax Service, Inc. Our experienced IRS Tax Attorneys will put together a strategy that not only stops your IRS garnishment but also possibly eliminates your tax debt forever.

FLAT FEE TAX SERVICE, INC.

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Tuesday, September 27, 2016

Offer in Compromise - The Best IRS Help - Flat Fee Tax Service

Reduce Your IRS Debt with an Offer In Compromise

You may be able to reduce your IRS income debt with an Offer in Compromise. If your are qualified for an IRS offer in compromise settlement, you can save thousands and thousands of dollars in past due income taxes, plus penalties and interest. 

Wouldn't it be a nice thing if you were able to get rid of your IRS income tax debt? Not everyone is eligible and qualified to settle with the IRS for less.



WHAT IS AN OFFER in COMPROMISE?

An offer in compromise is an agreement between a taxpayer who has an income tax debt and the IRS to settle the taxpayer’s tax liabilities for less than the full amount owed. Absent special circumstances, a settlement offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.

Beware of advertisers that claim tax debts can be settled through the offer-in-compromise program for "pennies on the dollar". You must be qualified and eligible. Find out if you are.

The IRS has a complex financial formula regarding Offer in Compromise settlements. Some of the criteria is your monthly gross income. Do you have assets? Assets would be equity in a home or real estate. Do you have a 401K or IRA? If you do, how much is in them? Do you have a whole life insurance policy? If you do, what is the cash value? 

Your liabilities would be your rent or mortgage payment. Car payments (up to a certain amount). Car allowance(s) for your car(s). Food and clothing allowance for you an dependents. This is a fixed amount. Health insurance is an allowable expense. Child support and alimony are allowable expenses. Student loans are an allowable expense. There are more "allowable expenses".
 
As you can imagine, the Offer in Compromise program is very complex and very time consuming. We tell our clients that it isn't exciting like a basketball game. It is a lot like "watching paint dry." But, at the end of the process, you won't have an income tax debt and you will have received your "Fresh Start."

You won't know if you are indeed eligible and qualified to settle with the IRS unless you call us for your free consultation.

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FLAT FEE TAX SERVICE, INC.

THE BEST IRS HELP




Monday, September 26, 2016


Stop an IRS Wage Garnishment / IRS Tax Levy

If you have received an IRS tax levy / wage garnishment notice that the IRS is going to apply a tax levy and seize your paycheck, it means that the IRS will be notifying your employer that you have a back income tax debt. Your employer is required by law to send a significant portion of each of your paycheck (possibly all of your check) directly to the IRS to offset your tax debt until your entire income tax debt is paid in full.





FLAT FEE TAX SERVICE, INC.

THE BEST IRS HELP

WILL STOP YOUR IRS TAX LEVY

IN 1 (ONE) DAY




With this Flat Fee Tax Service, Inc., you do not need to take on the IRS by yourself. Our team of IRS tax relief specialists, led by an IRS Tax Attorney, will work with the IRS to negotiate the full release of your IRS wage garnishment in one (1) day. 

STOP AN IRS TAX LEVY IN ONE DAY

Depending upon your individual circumstances, we may be able to:

1. Have you declared Currently not Collectible.
2. Arrange an installment agreement so you can pay the IRS a specified dollar amount every month until the debt is paid.  
3. Prepare your Offer in Compromise that will settle your income tax debt.

Call the IRS Tax Help phone for your free consultation. We will review your options and take the stress out of dealing with an IRS wage garnishment / IRS Tax Levy notice. 

We do not have salesman at Flat Fee Tax Service, Inc., so no one will "bug you" or try and get you to "sign up" for tax help services that you may not need.

THE IRS TAX HELP PHONE:

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FLAT FEE TAX SERVICE, INC.


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Thursday, September 22, 2016

How an Income Tax Levy (garnishment) Will Cripple You And Your Finances

If you owe back taxes to the IRS, you may eventually receive an income tax levy (wage garnishment). An income tax levy is where the “rubber meets the road.” A tax levy on your wages or bank account can and will cripple your finances.

Here is the usual scenario: You just got a dreadful call from your boss or human resources person that they received a tax levy and they are legally required to garnish your paycheck.

Perhaps you just wrote a check and it bounced. You call your bank and that notice from the IRS that you ignored was really important!



This article from the IRS tax relief team at Flat Fee Tax Service, Inc., outlines what a notice of tax levy is; the 5 most common ways that the IRS can and will levy your assets and income; and how to go about stopping a tax levy.

What is a Notice of Tax Levy

A notice of tax levy is written legal notice to your employer or financial institution that you owe monies to the IRS and that it their legal obligation to forward that money to the IRS to satisfy your income tax debt obligation.

The Internal Revenue Service (IRS), unlike any other collection agency, does not have to go to Court to get a judgment so that it can issue a levy. Section 6330 of the Internal Revenue Code governs the tax levy process.

The IRS will begin the process by sending you a series of notices. The goal of each IRS notice is to get your attention. If the federal government is sending you notices about an income tax debt, that means the IRS wants you to communicate with them.

The IRS typically sends notices approximately 30 days apart until such time that you receive a Demand for Payment and then a Final Notice of Intent to Levy.

Two Important Tax Levy Notices

Although you will receive a number of notices from the IRS about your back tax liability, there are two notices that should take priority:​ CP 504 Letter​

The first letter will be titled Notice of Intent to Levy. It will have CP504 in the upper right hand corner. The letter will state that the IRS has the intent to seize your state tax refund as well as other property. It will also state the amount due and for what years you owe back taxes.

The Notice of Intent to Levy (CP 504) will also tell you to call the IRS immediately as wages, commissions, bank accounts, and personal assets (car and home ) are subject to a wage and/or bank levy.​

LT 11 or LT 1058 Letter​

If this letter does not get you to call the IRS, the second and more important letter that you will receive is usually a letter that has LT11 or LT 1058 in the upper right hand corner. This letter will also state the intent of the IRS to levy your bank accounts, income, and assets.

The reason why this letter is more important is that it affords you Collection Due Process Appeal rights, that if properly exercised in a timely manner, can stop the tax levy.

The hearing is called a Collection Due Process Hearing and it must be requested within 30 days from receipt of the levy notice. A hearing will be held with the IRS Office of Appeals. Evidence must be presented that justifies a remedy to your tax debt.

Often, at the Collection Due Process Hearing, we are able to work out a reasonable payment plan or if you qualify, we can submit an Offer in Compromise (settlement).

You should act quickly and seek counsel from an experienced Tax Attorney once you receive this letter (if you have not already done so).

Always open your mail, especially mail from the IRS as soon as you receive it. Don't be afraid. You have rights and remedies.

5 IRS Tax Levy Tactics

Here are the most common ways the IRS can get to your money through a tax levy:

IRS Wage Garnishment (wage levy)

When the IRS issues a tax levy on your wages, also known as a wage garnishment, a substantial portion of your wages will be sent to the IRS each pay period until such time that:

1. A resolution of your tax liability is formally established,
2. You paid the taxes due, or
3. The garnishment is released by the IRS​

A wage levy or garnishment is sent to your employer or if you are commission based, the company that issues you IRS Form 1099. Your employer has a legal obligation to follow the directives of the wage garnishment and will be subject to penalties for disobeying the IRS.

FLAT FEE TAX SERVICE, INC.

WILL HAVE YOUR IRS LEVY

STOPPED AND RELEASED

IN ONE (1) DAY

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Why Did the IRS Levy My Paycheck?

The short answer is that the IRS is looking for the easiest way to collect the tax debt and the information about your source of wages is easily accessible to the IRS. Here’s how:

Your employer is legally obligated under IRS tax law to send a W2 to the IRS for each employee. If you are self employed or work in sales, you are likely issued a Form 1099- MISC from the company that pays your commission.

These forms are sent to the IRS every year so that the IRS can cross check that the income that you report on your income tax returns is accurate. As such, the IRS knows where you work and it is the low hanging fruit to collect the tax debt.​

How much of my wages can the IRS levy?

If you want to know how much of your wages your employer will be legally obligated to send to the IRS, Publication 1494 will explain how much of your wages are exempt from the tax levy.

The IRS can actually take all of your paycheck by use of a Manual Levy. A Manual Levy must be signed off by a Revenue Officer.

Upon receipt of the wage garnishment notice, your employer will give a Statement of Exemption and Filing Status, which will have to be completed and returned to your employer within 3 days.

If you fail to return the statement to your employer within 3 days, your amount exempt from the tax levy will be determined as if you are married filing separately with one exemption.

An experienced Tax Lawyer can help you determine your options and will review your financials to see if the wage levy can be released. In particular, if we can show to the Internal Revenue Service that the wage garnishment is creating an immediate economic hardship, then the wage levy can be released.

Bank Levy

A notice to take money from your bank account as a result of a tax liability is called a bank levy. This type of tax levy must be re-issued to the bank or financial institution every time the IRS wants to take money from your bank account.

The IRS will commonly send a levy notice to your bank by mail. The IRS provides your bank a 21 waiting period before it sends the IRS the money in your bank account. The money in your bank account will be frozen during those 21 days.

During that twenty one day time period, it is essential that the best strategy to resolve your tax liability is determined and implemented or else the IRS will be entitled to the funds in your bank account.

Be warned that if you have a joint bank account with someone with a tax liability, your bank account will be subject to the IRS levy. You will then have to prove to the IRS that the monies in the bank account did not belong to the joint account holder.

This is not an easy task as the IRS may not be willing to release the bank funds. You will likely have to seek counsel as the tax levy will have to be appealed administratively or you may need to seek relief in Tax Court.

How Did the IRS Find My Bank Account?

If you receive interest from a bank account, the bank is required to file IRS Form 1099- INT with the IRS under the tax law. Once again, this allows the IRS to cross check the income that you are reporting on your income tax returns with its internal records.

As well as keeping you honest on your income tax returns, it also serves as a point of “ data collection” for IRS collection personnel.
Retirement Savings

Retirement savings plans are governed by Section 5.11.62 of the Internal Revenue Manual. The following retirement assets are subject to a tax levy:

1. Qualified Pension, Profit Sharing, and Stock Bonus Plans under ERISA
2. IRAs
3. Self Employed Retirement Plans


You have worked hard and have contributed to your 401(k), IRAs, as well as Social Security. You may have been looking forward to enjoying your retirement but if you have an IRS tax debt, there is a wrinkle to the comfortable golden years that you may expect.

Once you are vested in your retirement vehicles, it is possible that the IRS can levy theses accounts to satisfy any tax debt you accrued, plus penalties and interest.

Generally, the IRS cannot levy your retirement account until you are vested. In fact, the Internal Revenue Service would rather levy another asset or enter into a payment arrangement with a taxpayer.

The IRS has set forth a 2 part threshold test before issuing a tax levy on a retirement asset:


1st : Is there an asset other than retirement assets that can be used to collect the tax debt liability? If there is an asset other than a retirement asset to levy or a payment arrangement that can be established, the IRS will want the Revenue Officer to investigate those alternatives first.
2nd: Has your conduct been flagrant ? If your conduct was not flagrant, it will not levy your retirement asset.

When the IRS looks at flagrant conduct, it is looking at how you accrued the tax liability and it is done on a case by case basis.

Common example of flagrant conduct are tax evasion, a tax liability based upon illegal income, and pyramiding unpaid trust fund taxes. A tax attorney can analyze whether your conduct rises to the level of flagrant activity under the tax law.

The above two part tax levy test refers to the retirement asset itself. However, with regard to your retirement income, the IRS will look to see if you are obtaining income from the particular retirement account or whether you are able to borrow from the retirement account.

Generally, the IRS cannot require that you borrow money from your 401(k) if you are either still employed or you are not age 59 ½ . In other words, if you cannot access the money, neither can the Internal Revenue Service with a tax levy.

Social Security

If you are at the age where you are receiving Social Security and you owe back taxes, the IRS can levy up to 15% of your monthly social security benefits until such time that the income tax liability is paid off.

In order to have the IRS stop the tax levy on your social security, you will have to show that the tax levy is creating a hardship. You will have to show documentation of income and expenses in order to prove the hardship. A tax attorney can help you present your case in the most favorable light.

If successful, the Internal Revenue Service will likely place your tax debt matter in what is called currently uncollectible status and stop the tax levy. You may also be a candidate for a reduction of the overall liability if warranted by your assets, income, and expenses.
Asset Seizure or Levy

Although it does happen in extreme circumstances, the seizure of assets like a home or car is not high up on the “IRS tax levy priority list”. The IRS will first attempt to obtain back taxes owed through such means as garnishments and bank levies as detailed above.

With regard to looking to obtain assets, the IRS will look to see if there is equity in the asset and your ability to borrow from the asset as a means to obtain back taxes.

Stopping a Tax Levy

There are various strategies to stop a tax levy. The notices that you have received from the Internal Revenue Service have deadlines that will permit you appeal rights if they are properly exercised in a timely manner.

Here are the steps that your tax attorney at Flat Fee Tax Service, Inc. will take to determine the best strategy to stop your tax levy.

When you become our client, we will want the fax number and name of your human resources person so that we can provide that information to the IRS personnel that we speak to. We want to make sure that your IRS wage levy release is sent to the right person.

Our team will review when you received your Final Notice of Intent to Levy so that we can see if you have certain appeal rights. If you do not have that notice or don’t know where it is, we will request your account transcript from the IRS to determine the date when it was issued.

If you have unfiled tax returns, our team will work as quickly as possible to get them filed. The IRS is going to request that if you are not in compliance (tax returns not filed), that we file all your past due tax returns as quickly as possible,

We will analyze your financial data to determine your income and expenses so that we can present the best possible resolution option to the IRS on your behalf.

We will work with the Internal Revenue Service (IRS) to resolve your tax levy under the best possible terms, taking over all communication with the IRS throughout the process.

The IRS will submit the tax levy release to your employer. These are the steps to stop your tax levy. If this makes sense to you or you have questions about your tax levy, they are there to help. Take action to stop the IRS from ruining your financial and personal life.
What if the time to appeal has expired ?

A timely and properly filed appeal can possibly stop your tax levy. If you are beyond the required deadline to appeal your tax levy, there are other remedies available to resolve your tax debt problem under the best possible terms.

An experienced tax attorney can guide you through the maze of stopping your tax levy as well as resolving the underlying tax debt problem.

Based upon a detailed review of your financials, your options may include reducing your overall tax liability through an offer in compromise, partial pay installment agreement, or penalty abatement.

STOP AN IRS LEVY TODAY

SETTLE WITH THE IRS

FLAT FEE TAX SERVICE, INC.

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Monday, July 11, 2016

IRS Payment Plans - Missing Tax Returns - IRS Settlements - One Low Flat Fee

Here we are in the middle of July and, by now, most people have filed their income tax returns. The summer heat is here as well and I bet many of you are feeling a little hot under the collar as you had a large income tax debt with your 2015 tax return. You may also owe for previous tax years.

I am hoping you have dealt with it and paid the balance in full. If so, then you are in the clear until next year.

If you have not dealt with it by either not paying the bill in full (or at all) or you just simply haven’t filed your return yet for fear that you will owe a large amount of money that you don’t have, NO NEED TO PANIC. There are ways to deal with this.





Our IRS tax relief team speaks with people every day in this type of situation. Many of them are people that you would think could not possibly be in that position, but they are. Our job and purpose is to help you, the taxpayer, get the problem dealt with as soon as possible. Our mission statement is “We work hard to protect you from the IRS so you can sleep better at night!” We enjoy succeeding and helping people to sleep better, take control of their life and help keep cash in their pocket.

There are three primary categories for people to fit into when dealing with their IRS debt. Let’s discuss some of the requirements of all of the IRS payment options. You must be current and compliant. What does that mean? You must have all of your income tax returns filed (at least for the last six years) and you must be making payments toward the current year through federal withholding or estimated tax payments. The goal for the IRS is to get you back into the system (if you have outstanding tax returns) and getting you to pay the current year taxes.

In addition, depending on the payment option you fit into, you must file your returns timely and pay any tax due in full each year. This means that you cannot have any unpaid outstanding tax liabilities.

You might ask yourself  "what are the payment options I have to choose from"? Well, your options will depend on your particular facts and circumstances, but here they are: You can enter into an Installment Agreement (monthly payment plan), be put into Currently Not Collectible (CNC) status, or submit an Offer-in-Compromise settlement(OIC).


1. Installment Agreement: You will make monthly payments toward your income tax debt. Penalties and interest will continue to accumulate as you pay. A Federal Tax Lien may be filed against you even though you are making payments.

2. Currently not Collectible: You will not make payments on your unpaid income tax debt. The IRS will file a Federal Tax Lien against you. The IRS will confiscate your tax return. Penalties and interest will continue to accumulate. The Statute of Limitations will continue to run out.

3. Offer in Compromise: This is a settlement of your income tax debt based on a taxpayers ability to pay their debt. It takes approximately 10 to 12 months to complete. The IRS must leave you alone during the process. When your settlement is approved and paid, the Federal Tax Lien will go away.

There are many options for the IA depending on the amount you owe, how much you can pay each month and how much time is remaining on collection statute of limitations. The Statute of Limitations is a 10-year clock that starts running when the tax liability is first established. This can be by your filing an original return (even if it is filed late), the IRS files a substitute for return (SFR) because you have not filed and they believe you should, or even by owing additional money after an IRS audit.

This clock will generally run whether you are making payments or not. Please be aware that there are some times when this period is suspended (i.e. clock temporarily stops).

In general, if you owe less than $50,000 (including tax, penalties and interest ... this amount is $25,000 for businesses), and can pay the balance in 72 months or less, then you should be able to easily enter into an Installment Agreement without much great effort. If you owe over that amount, you have to jump through a few more hoops, which include submitting financial data on your assets, liabilities, income and expenses.

To be put in Currently not Collectible status, you need to submit financial information along with the appropriate documentation that shows you basically have no equity in any assets or have any leftover income after paying your necessary living expenses. Of course, the IRS determines what is necessary. But once you get put into Currently not Collectible status, all collection activity stops, the Statute of Limitations continues to run, but the IRS can review your case every year.

To file an Offer in Compromise settlement, this is where you get to pay an amount that is substantially less than what you currently owe. You still have to submit full financial information along with documentation. The process generally takes one to two years to complete. The "not so good" part is the Statute of Limitations clock stops while you are in the process, but, if your settlement is approved, "who cares" about the Statute of Limitations..

You also must file all tax returns timely and not owe even a dollar when you file and settle the bill and continue to do so for the next five years. But once you have met these requirements, you are in the clear and you will never owe these taxes again.

In some small tax due cases (generally under $10,000), you can handle it yourself, but I recommend you seek a professional in dealing with the IRS. the IRS is not your friend and they will not tell you what your best options are.

CALL FLAT FEE TAX SERVICE, INC.

1-800-589-3078




Tuesday, March 15, 2016

What to Do If the IRS Garnishes Your Wages

When it comes to notifying taxpayers that they have an outstanding balance, the IRS will always inform you by mail. So it is important to not disregard any mail addressed to you from the IRS. So the first thing you must do when it comes to wage garnishment is stay alert for any letters from the IRS! By doing this, you might be able to prevent IRS garnishments altogether.



Don't Be Surprised By An IRS Wage Levy

Most people who get their wages garnished don’t understand how or why it even happened in the first place. Chances are, if you owe the Internal Revenue Service (IRS) tax money, they’ll find a way to let you know. The primary source the IRS uses to communicate is by letter. They do not correspond by email, and the only time they will communicate by phone is if you call a representative.

Whatever You Do, Don’t Ignore the IRS!

Ignoring notices from the IRS is what many taxpayers do, and then wonder why their wages are being levied and garnished. Although the IRS will not garnish a taxpayer’s wages without notifying them first which gives them a chance to resolve the issue, the IRS can send their notice to any address that is on file for you. So, you may never receive the IRS notice.

Wage garnishment is the IRS last resort to collect what is owed to them. When it gets to this point, the IRS has the right to withdrawal the maximum amount that the government will allow. 

What to Do If You Receive an IRS Letter

Have you received an IRS notice titled “Final Notice of Intent to Levy and Notice of Your Right to a Hearing?” If you have, you need IRS professional representation immediately. 

YOU NEED YOUR RIGHTS PROTECTED

In the unfortunate event that your wages are currently being seized and garnished by the IRS, there is a way for you to alleviate such a big chunk of money being taken from your check. The qualified team at Flat Fee Tax Service, Inc. can have an IRS Wage Levy stopped and released in 1 day. 

Prevent IRS tax problems. Don't feel like you are in over your head with income tax debt, Flat Fee Tax Service, Inc. has successfully managed and resolved unique tax cases of all kinds, whether it was personal or business-related.

If you have received a letter from the IRS and need to become informed, call us. Our team of IRS tax relief expert will help prevent or reduce your wage garnishment. 

Call us today at 800-589-3078

STOP AN IRS WAGE GARNISHMENT

FLAT FEE TAX SERVICE, INC.

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Friday, March 11, 2016

IRS Tax Settlement - The Offer in Compromise - Can You Settle?


Using Offers in Compromise to Settle A Tax Debt

The Offer in Compromise (OIC) program is an IRS settlement program which allows any qualified individual or business with an unpaid income tax liability to negotiate a settlement for an amount that is less that the total owed to clear the debt. It is in the best interest of the individual or business and the IRS to compromise and come up with a voluntary agreement and future payment plan rather than the possibility of the debt not being paid and settled.

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There are conditions that have to be met in order to be eligible and qualified to settle with the IRS. When you talk to the IRS income tax relief experts at Flat Fee Tax Service, Inc., we will ask you specific questions to help identify as to whether you will meet the qualifying conditions for an IRS settlement.

Conditions for Filing An Offer in Compromise

There are three conditions that exist before an installment agreement will be accepted. First and foremost, the doubt as to liability, which refers to a person who owes, should show some reasons that the income tax assessed might not be correct. Second, the effective administration of tax, which can reduce the debt of an individual if there’s an explanatory circumstance, mostly being applied to the disabled and elderly taxpayers. The one settlement condition that you need to be concerned with is: the doubt as to collectibility, which means that the financially struggling taxpayer will show that IRS will unlikely never receive payment of the overdue income tax. It is a matter of knowing the IRS settlement rules, preparing the IRS documents correctly and presenting to the IRS our clients need for a settlement.

"Doubt as to Collectibility" means that a taxpayer cannot afford to pay the income tax owed.



The doubt as to collectibility (DATC) is the usual condition that is being accepted. In kind of case the amount to be settled is generally in 60 months of income disposable plus any assets equity that you own. This calculation will be done using the formula provided by the IRS, and once we determine how much disposable income based on allowed monthly expenses and your current income. A complete financial statement will have to be presented and many other documents in order for the IRS to consider you as a possible candidate for the Offer in Compromise Fresh Start program.

If you owe less than $10,000, you’re not eligible for the program offer in compromise. However, the Offer in Compromise (Fresh Start Initiative) can be a super great deal for people who owe a huge sum (more than $10,000) of income tax debt. 

ARE YOU ELIGIBLE TO SETTLE?

FIND OUT

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