Wednesday, July 19, 2017

How To Stop An IRS Wage Levy - One Day - IRS Tax Attorney

IRS LEVY - IRS WAGE GARNISHMENT

Are looking for information and a solution on how to stop an IRS tax levy on your paycheck in Arizona or anywhere in the United States the best IRS help team at Flat Fee Tax Service, Inc will help.


FLAT FEE TAX SERVICE, INC.WILL STOP AND RELEASE AN IRS WAGE GARNISHMENT
IN ONE DAY

What is an IRS tax levy?

An IRS tax levy is one of the harshest collection methods used by the IRS and taxing authorities. This is where the IRS will legally seize your assets to pay off your back income taxes. 

This is very different from federal tax liens because a federal tax lien is a claim to the assets while an IRS tax levy is seizing them. The tax authorities may levy investment accounts, wages, pensions, physical assets, bank accounts, accounts receivable, social security, social security disability (SSDI), Veterans pensions and insurance policies.



General IRS Tax Levy Process

Normally, you won’t be surprised by an IRS tax levy due to the IRS going through certain steps before they issue an IRS tax levy on your paycheck and/or bank accounts. 

Below are the steps that the IRS will go through before an IRS levy is enforced.

Taxes are accessed from an IRS filed a tax return on your behalf called a Substitute for Return (SFR) or by a tax return filed by you with money owed.

NOTE: A "SUBSTITUTE FOR RETURN" IS NOT A TAX RETURN. IT IS A MECHANISM USED BY THE IRS TO COME UP WITH A "NUMBER" THAT THE IRS CAN COLLECT. PENALTIES AND INTEREST WILL BE PILED ON. THE IRS WILL GIVE YOU NO DEDUCTIONS. YOUR INCOME TAX BILL WILL BE GROSSLY INFLATED.

Tax bills are sent to the last known address and demands payment for owed taxes. IRS can send their notices to any address that they have on file so you may never receive any of them.

You haven’t paid your income tax bill and you have not made another arrangement to pay.

A final IRS notice is sent by the IRS with an intent to levy and a notice of your right to a hearing. The levy will begin within 30 days of the notice. The IRS is required by law to notify you of the levy within 30 days before beginning. This became the law as part of the 1998 IRS Restructuring and Reform Act.

IRS Tax Levy Types

The type of IRS levy that the IRS will use may vary depending on your situation. Normally the IRS will use the method that will be the easiest for them to regain money that is owed. Below are common levy types:

An IRS Wage Garnishment - IRS Wage Levy

With a wage garnishment, the IRS will contact your employer and demand that the owner or HR department take out a certain percentage of your pay for your unpaid income taxes. 

Most employers will not deny this request because the company can be held liable for what you owe. An IRS wage levy will remain until enough is paid to cover the owed amount plus penalties and interest, other resolution has been made, or the debt owed has expired. 

THE BEST IRS TAX HELP TEAM AT FLAT FEE TAX SERVICE, INC. IS LED BY AN EXPERIENCED IRS TAX ATTORNEY. YOUR IRS WAGE GARNISHMENT WILL BE STOPPED AND RELEASED IN ONE DAY.

IRS Bank Levy

An IRS levy on your bank is more problematic. Know this, even with intervention by our IRS Tax Attorney, you may not get back 100% of the money seized in your bank account. 

An IRS bank levy will have the IRS contact your bank and demand a hold be placed on your funds. Within 21 days, the amount owed will be removed from your account. If it doesn’t satisfy the debt in full the first time, then it may keep coming back as money appears in the account.

IRS Property Seizure

The IRS may seize almost any form of asset to sell to cover your owed taxes. They can seize items such as your house, car, or boat.

An IRS 1099 Levy


The IRS may issue multiple types of levies to gain payment for your owed 1099 payments. They can levy the amount you owe, but can’t go after anything owed to you in the future for work that is to be done.

Other IRS Asset Seizures

The tax levies aren’t limited to what is mentioned above. The IRS can also levy your licenses, rental income, commissions, retirement accounts, accounts receivable, dividends, or life insurance.

Passport Seizure

If your passport is important to you, this may present a major problem for you. The IRS may request that the state department deny or revoke your passport if you owe more than $50,000.

Stopping an IRS Tax Levy

The IRS will normally only use a levy seizure as a last resort option and would prefer to use another arrangement to resolve your owed taxes. In order to stop an IRS levy, it takes swift action by you or a tax professional working for you. There are different types of arrangements that can stop a levy. Below are some options.

An IRS Payment Plan (IRS Installment Agreement)

IRS payment plans are more complicated than you may think. The IRS has many rules regarding what you should pay. The amount of your debt is a factor. The amount of money that you have left after "allowable expenses" are factored in is part of the solution.

If you owe less than $10,000 there are rules. If you owe less than $25,000 there is another set of IRS rules. If you owe more tha $50,000 there are different IRS rules. And on and on the IRS rule merry-go-round goes.

HAVE AN IRS TAX ATTORNEY HANDLE YOUR IRS TAX PROBLEM. MAKE SURE THAT YOU ARE PROTECTED.

Submit an Offer in Compromise - IRS Settlement

This is an agreement to pay less than what is actually owed. This option is for those who are struggling financially and may qualify. 

CALL THE FLAT FEE TAX SERVICE, INC. TEAM TODAY AND SEE IF YOU ARE ELIGIBLE AND QUALIFIED TO SETTLE WITH THE IRS

FLAT FEE TAX SERVICE, INC. HAS A 95% OFFER IN COMPROMISE SUCCESS RATE

Prove Financial Hardship

If you can prove that an IRS levy will create a financial hardship, then this may stop the levy against you. This doesn’t mean that you don’t need to pay what is owed, but it will stop collection actions.

File an IRS Appeal (Have an IRS Tax Professional Do This)

You can appeal the levy if taxes were paid before the notice was sent. You can also appeal if you were in bankruptcy before the notice, there was an error in the assessment, you want to make spousal defense, or want to talk about other options. There may be times that you can appeal because you weren’t able to dispute tax liability, or the statute of limitations has expired for the debt.

Contact us today for help with an IRS Tax Levy

FLAT FEE TAX SERVICE, INC.

IRS TAX HELP PHONE:

1-800-589-3078

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