Friday, March 3, 2017

Difference Between Currently Not Collectible and an IRS Offer in Compromise - IRS Tax Attorney

IRS Currently Not Collectible Status. What is it? Will it help?

IRS Currently Not Collectible Status can help keep IRS out of your pay check, out of your bank accounts and out of your life.

Although IRS Currently Not Collectible Status can be a great deal, being Currently Not Collectible is not as great as an IRS settlement through the Offer in Compromise program. More on that later.

You could be one of the fortunate few who get it. And it’s not easy to do. Government employees of IRS perform extensive research to determine your monthly income and expenses (see details below). 

IRS agents make their final determination after completion of their exhausting financial investigation of your IRS Uncollectible Status request. A representative of IRS Automated Collection Service (ACS) then specifies if you are unable to pay any of your unpaid taxes. If so, your income tax account can be classified as IRS Currently Non Collectible Status. Accounts that are approved for IRS Non Collectible Status will then be temporarily suspended from any future IRS collection action. Once classified as uncollectible you will not have to make any payments to IRS on your previous unpaid income taxes.

With IRS Currently Non Collectible Status do my unpaid income taxes go away?

Unpaid income taxes do not disappear with IRS Currently Not Collectible Status. IRS does not forgive prior year unpaid taxes. We help classify your unpaid income taxes to be put “on hold.” IRS will want to re-evaluate your financial status at some point in the future. A new financial investigation will be conducted all over again at that time.

How long does IRS Currently Not Collectible Status last?

Unpaid income taxes that are placed into IRS Currently Not Collectible Status can last from six months to several years. The IRS computer will mail annual balance due notices to you. Income increases, automobile note payoffs, and rent or mortgage decreases are factors that may affect your status.

Invariably, it is almost impossible to estimate how long your IRS Currently Not Collectible Status will last. Most federal income tax negotiating experts like us have seen IRS Uncollectible Status arrangements last from one to five or more years. These are important factors to understand, indeed, so that you may maintain your status are discussed on this page.

IRS Currently Not Collectible Status advantages.

Numerous advantages exist regarding IRS Currently Not Collectible Status. Unfortunately, taxpayers are confused because they are not prepared. Once successful in your negotiation you will not be required to make monthly payments on your old taxes. 

Agents of the IRS will not knock on your door and petrify you if your account is classified as IRS Currently Non Collectible. Federal agents making embarrassing appearances with badges at your workplace will not occur during your IRS Uncollectible Status term. Bank accounts will remain safe for you. You will not lose your automobiles to IRS seizure.

What questions will they ask for IRS Uncollectible Status?

Without exception IRS requires monthly income and expense verification to approve IRS Currently Not Collectible Status. Candidates for IRS Not Collectible Status must provide several months of pay stubs. Along with the pay stubs, all deductions on your pay stubs must be explanation in detail. You must give three months of bank statements. Rent/mortgage payments must be provided with check copies.

As the applicant, you must provide IRS copies of three months of utility payments with copies of the utility bills. IRS must see copies of car notes. You must give a list of all of your self-employed business accounts receivable because that serves as a source of cash for the IRS. Government managers and reviewers obtain statements from brokerage accounts. Copies of all credit card statements add to the list of requirements. All in all every bit of this trouble could definitely be worth it for IRS Currently Non Collectible Status classification.

IRS Currently Not Collectible Status – What you must do to stay in this status.

You remain in IRS Currently Not Collectible Status only by following all the rules. You default your CNC status by failure to meet specific requirements. One minor mistake can ruin your negotiation so please be cautious. Your must file your tax returns in a timely manner while you are in IRS Uncollectible Status. You must also pay all of your future taxes. An applicant’s failure to respond to periodic IRS requests may also result in loss of status.

What is the difference between IRS Non Collectible Status and an IRS Installment Agreement?

An IRS Installment Agreement allows you to establish an affordable monthly payment that will resolve the tax debt over a long time. IRS Non Collectible Status freezes the tax debt for a period of time to allow you to get into a better financial position so that payments can be made at a later point in time to resolve the tax debt. Unfortunately, the tax debt will continue to accrue interest during the IRS Installment Agreement period, so at the end of the non collectible status you will owe more than you did when your account was originally classified as IRS non collectible status.

What is the difference between IRS Non Collectible Status and an IRS Offer In Compromise?

The Difference Between Being Currently Not Collectible and An Offer in Compromise.

When you are Currently Not Collectible, yes, you will not make any payments on your income tax debt. You will have a Federal Tax lien filed against you. If your credit stinks, this will have little to no effect on you. If you have good credit, kiss it good-bye. 

With a successful Offer in Compromise, you will pay the IRS a very small amount in settlement of your income tax debt and there is no Federal Tax Lien. You get a Fresh Start.

We like to make the following analogy: Imagine you are running a marathon race and 200 yards from the finish line you decide to quit the race. That the difference in being Currently Not Collectible and doing an Offer in Compromise.


It’s important to remember that if you have IRS Non Collectible Status that the IRS will treat you very differently than if you have filed IRS an Offer In Compromise, which will wipe away all of your income tax debt. IRS requires the same financial information during the application process as an IRS Offer In Compromise, but IRS Currently Not Collectible Status status will reflect and prove your only inability to pay even a small monthly payment.

What about IRS penalties and interest during IRS Currently Not Collectible Status?

Your interest and penalties accrue steadily regardless of your attempts to slow them down while in IRS Uncollectible Status. However, you should not explode because IRS penalty rates are significantly lower than virtually all banks and definitely lower than credit cards. Your IRS Currently Non Collectible Status provides a safety net for you and also for your family.

A few words of warning regarding IRS Currently Not Collectible Status.



First of all, your attempts at negotiate your own IRS Currently Not Collectible Status for the very first time may prove to be exhausting. However, your hard work can be rewarding since along with your well-deserved success will come satisfaction. 

Additionally, prepared first-timers quickly learn to understand the formulas and calculations required by IRS. Regrettably, one or two slip ups or innocent mistakes can easily cost you thousands of dollars on your IRS Currently Not Collectible Status attempt. As a result, novices’ attempts are sometimes successful but are frequently extremely costly. 




Thursday, March 2, 2017

IRS Wage Levy - Stop IRS Wage Garnishment Or You Don't Pay - IRS Tax Attorney




At Flat Fee Tax Service, Inc., the best IRS help team spends over 90% of our time obtaining an IRS Wage Levy Release or IRS Wage Garnishment Release for our clients. 

Why Flat Fee Tax Service, Inc? Because that’s what the IRS Tax Attorneys at Flat Fee Tax Service, Inc. does best! We understand the burden that this type of severe collection action can mean to a taxpayer, so we’ve developed a system that allows us to be successful on every attempt. That’s why we’re not afraid to offer you our 100% Refund Guarantee if the very best IRS help team at Flat Fee Tax Service, Inc. cannot have your IRS Wage Levy stopped and released.

A person will pay close and fast attention to an IRS Levy on their Wages. An IRS wage garnishment is designed to get a person’s attention quickly. Often the IRS made previous attempts at contacting a delinquent taxpayer through the mail but the notices were not answered or perhaps not received.

We are Flat Fee Tax Service, Inc. We have the very best IRS help team that is led by an IRS Tax Attorney. Our approach to negotiating with IRS to get an IRS levy release or IRS wage garnishment release is simple. 

First, we consult with you about the issues that led to your income tax debt. Callers receive personal attention even if we know they are not going to become clients. Callers can learn what can be done to help them; how long it will take from start to finish; what they can expect and how much all the necessary services will cost.

Distressed taxpayers can easily review our fees on our website. All callers can estimate for themselves the total cost of these services and representations with IRS. IRS levy release and IRS wage garnishment release taxpayers can see their approximate cost in advance of your call. Most competitors don’t post their fees right on their websites because they are very expensive.

Flat Fee Tax Service, Inc. thoroughly provides every single inquiry with good information and answers to all of their questions about their IRS tax levy on wages and an IRS wage garnishment issues. 

Our tax professionals will ask a lot of questions pertaining to your specific IRS levy situation. We want to thorough so that we can provide you with all of your options. 

If you call the IRS, the IRS representative is only interested in how much monthly income a caller currently makes and how fast that unpaid tax can be repaid.



The IRS uses their rules and regulations against you to obtain the highest balance of tax owed. This isn’t something to be angry about; so just accept it as a fact of life. IRS Collection representatives know that most taxpayers lack the knowledge and expertise to resolve their tax issues efficiently. That’s why Flat Fee Tax Service, Inc. provides our clients with as much information as possible with a single phone call. The main goal is to educate you about the IRS wage garnishments release process and if we can have your income tax debt settled through an Offer in Compromise.

Why is a Flat Fee Tax Service, Inc. 
IRS Wage Garnishment Release 
your best option?

Obtaining an IRS wage garnishment release is a very tricky process. The IRS Tax Attorneys emphasize that this dangerous conversation should only be attempted by knowledgeable and skillful individuals. Put emphasis on “those who know best how to navigate the IRS levy release process.” You local income tax preparers are usually at a disadvantage in these matters. He/she is typically experienced at preparing tax returns and not at intricate IRS levy release calculations. Most tax preparers are not proficient in this kind of work. 



Tiered pricing depending on your needs.

Tier 1 – Single Service Wage Levy Release: $750
  • Stop your IRS wage levy.
  • Place you into Currently not Collectible Status or
  • Negotiate Installment Agreement
  • $375 when you sign up for our services, $375 when the release is obtained. 
Tier 2 – Combination Service Wage Levy Release: $2050
  • Stop your IRS wage levy.
  • Prepare up to 3 missing tax returns.
  • Prepare your Offer in Compromise
  • $250 initial fee when you sign up for our services, followed by 9 monthly payments of $200 ($2050 total). 



Wednesday, March 1, 2017

IRS Tax Levy - Federal Tax Levy - IRS Tax Attorney - Release

IRS Tax Levy and Federal Tax Levy help on all IRS Levy & IRS Wage Levy subjects

The IRS website states that an IRS tax levy is the legal seizure of the delinquent taxpayer’s property to pay off unpaid federal income tax. Most often, the IRS usually begins its collection action by taking money through many different ways. IRS representatives refer to this collection action in the following titles: an IRS levy or IRS wage garnishment or IRS tax levy bank levy or federal tax levy or IRS levy or tax levy garnishment. The result of this action is that IRS takes cash from the delinquent taxpayer and often he/she loses several pay checks; an automobile; a place to live.

What is a Tax Levy or Federal Tax Levy? 
What should I do now?

An IRS Tax Levy or Federal Tax Levy occurs when the IRS actually takes money away from the taxpayer in order to pay for unpaid and delinquent federal income tax. Read the specifics about an IRS tax levy in this short article.

IRS Form CP 504 Notice of Intent to Levy. 
This is your final warning.

The IRS computer goes through a series of notices and warnings before it actually issues an IRS tax levy or IRS wage levy (usually through the mail). This particular notice is their final warning. Read about this serious letter in this one minute article. See our detailed info page here.

Stop IRS Wage Levy before it happens. 
It can be done if done correctly.

Yes, it is possible to stop IRS Wage Levy before the IRS tax levy is delivered to your employer. But doing it correctly and to your best favor is difficult. Get some initial information by calling the IRS tax help phone: 1-800-589-3078

IRS Form 668W (ICS) Notice of Levy 
on Wages. 
The IRS said it would happen. It happened. 

IRS wage levy means business. The IRS tax levy and federal tax levy forms are delivered to a current employer. What happens now that an IRS levy has arrived? Kiss a large part of that paycheck goodbye. More bad news and here are some details.

IRS Levy or IRS Tax Levy leaves you with a very small pay check.

IRS levy notice or IRS wage levy papers require your employer to often take up to 60% of a pay check. Those forms can totally break a person or a family. Get the full details on this page.

IRS Wage Levy Versus 
IRS Wage Levy Release. 

Who Will Win?

An IRS Wage Levy Release can solve all your IRS levy and IRS tax levy problems. Getting that IRS Wage Levy Release is not easy to do. 


IRS Tax Levy and Federal Tax Levy can last how long?

A Federal Tax Levy can last for years and years. Get the details and the possible solution by calling the best IRS tax help team at Flat Fee Tax Service, Inc.

IRS Tax Levy and Federal Tax Levy solutions are at your fingertips!

Federal Tax Levy problems can be solved with the help of our great team of IRS Professionals lead by an IRS Tax Attorney. Call the best IRS tax help team today. Talk as long as you like and get some great IRS Tax Levy Release and IRS Wage Levy Release information.