We are IRS Tax Attorneys and IRS Income Tax Relief Professionals and managers who know the system that can stop an IRS bank levy, wage garnishment levy (in 1 day), or any income tax levy you may have received.
If you have received IRS form 668-W, you have received a continuous wage garnishment. Continuous means "it will continue" unless stopped and released. That wage garnishment levy will not go away until the Internal Revenue Service (IRS) sends a release to your employer.
The 668-A is a one time wage levy garnishment or as 668-W is a continuous levy.
The team of professionals at Flat Fee Tax Service, Inc. can not only stop your IRS bank levy or wage garnishment in one day, our IRS Tax Attorneys can settle and close your case off the IRS enforcement computer at the same time.
Our IRS Tax Attorneys stop bank levies and wage garnishment every day, so, it only makes sense that we know the processes and systems to release them. IRS has a very systematic way to work all seizure cases.
We have many years of IRS relief work, helping our clients to save their paychecks and settle their income tax debts.
You can call us today for for your free and confidential initial tax consultation. We will walk you through the process within 10 minutes.
It is important to know where your case is in the IRS system to begin the stop the IRS tax levy. Our IRS Tax Attorneys will call the IRS immediately, file our Power of Attorney Form (Form 2848) and proceed with the 1st step in resolving your income tax debt.
Some taxpayers were sent a IRS letter 11 indicating that a tax levy was the next step, while others have been sent a IRS tax levy from the ACS unit (Automated Collection System) out of various IRS offices, while others have been sent income tax levies by revenue officers in the local offices.
If you have received an IRS letter 11 there is a collection due process hearing that can stop the IRS levy.
If your case is in the ACS unit (Automated Collection System) or the local office, we can send over a power of attorney and start negotiation power to go ahead to get an immediate levy release and settle your IRS case at the same time.
It is important to know the difference between an IRS bank levy and an IRS wage garnishment levy.
A IRS bank garnishment levy puts a freeze on your bank account for 21 days on the day the bank received the levy.
You can continue to use your checking and/or savings account as much as you want during that period of the levy. Only the monies that were in the bank the day of the IRS levy are frozen by the institution.
A wage garnishment levy is an immediate garnishment whereas approximately 80% of your wages will be sent to the Internal Revenue Service until the levy garnishment is released.
Also, the IRS has a right to file a federal tax lien against any and all assets you may have. Those federal tax liens are filed in the courthouse were you claim your residence.
Final Notices before IRS Tax Levy or Garnishment: IRS Levies
Where does Internal Revenue Service (IRS) authority to levy originate?
The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax.
See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.
What actions must the Internal Revenue Service take before a levy can be issued?
The IRS will usually levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2. You neglected or refused to pay the tax; and
3. The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
The IRS may 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 levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
IRS Billing Notices for IRS Tax Levies & IRS Wage Garnishments
The IRS will send out final notices before levies and seizures after they generally send out a series of five billing notices.
On the fourth notice, taxpayers will receive their final notice in which they can go ahead and file with the appeals division of Internal Revenue Service to stop the levy.
Not only can we go ahead and stop the IRS notice of intent to levy, we can settle your case at the same time.
All your tax returns are going to have to be filed and if that is an issue for you, with or without tax records we can prepare your tax returns.
How IRS Settles Your Case:
As a general rule, the Internal Revenue Service will take your current financial statement and after they reviewed your documented financial statement there is generally two ways IRS closes cases.
The IRS generally closes your back income tax case by putting you into a:
1. Currently not Collectible status (CNC) or,
2. Ask for a monthly payment agreement (Installment Agreement).
For taxpayers who owe back taxes, statistics show that 40% of all taxpayers are placed in currently not collectible status, while 6.5 million taxpayers enter monthly payment or installment agreement.
Last year IRS accepted 38,000 taxpayers to settle their debt to the Offer in Compromise program for an average of $6500 per settlement.
Keep in mind your current documented financial statement will determine the settlement on your particular case if you are a suitable candidate for the offer in compromise.
Our IRS Tax Attorneys will carefully review your current financial statement and make sure you get the best possible settlement with Internal Revenue Service.
Flat Fee Tax Service, Inc. is a full service tax firm specializing in IRS collection problems.