Posts

Afraid To File Back Taxes Returns? STOP THE WORRY + Former IRS, Ft.Lauderdale, Miami, Boca Raton, Palm Beaches

Use Former IRS Agents and Managers who can get you back in the system worry free.

 

We are a local South Florida tax firm whose former IRS agents worked out of the local South Florida offices.

We’ve also worked out of the district and regional offices as managers, supervisors and teaching instructors. We have worked in the system since 1973 and are some of the top-notch experts for filing back tax returns in obtaining a settlement all at the same time.

 

You can file back file back tax returns and settle all at the same time why, because we know the system.

We have over 100 years of combined IRS experience and know the protocols and the systems to make this a very simple and affordable process.

With or without records we can file unfiled, back or late tax returns and settle your case all at the same time.

 

The bottom line is, we know the system.Since 1982 we have been working tax cases and prior to that we worked at the Internal Revenue Service as revenue officers, revenue agents, office orders, managers, supervisors and teaching instructors. We know the system inside and out and know the exact methodologies to close your case without worry.

Many taxpayers fail to file back tax returns because they are afraid of what IRS will do, but at some point in time IRS will demand that your tax returns be filed. After working thousands of cases we have found that after the first year, many taxpayers just bury their head in the sand hoping the problem will go away.

The IRS computer system

The taxpayer should know that IRS does not catch up to you in the first year but after IRS receives a W-2 or a 1099 the hunt starts. IRS has a multitude of resources to find out where you bank and were you work so it is in your best interest to make sure your tax returns are filed.

If you do not file the returns IRS has the right under 6020b of the Internal Revenue Code to file your tax returns for you. If they do you will pay the highest amount of tax by law.

Many people do not receive their 6020 B notice advising them that IRS created a tax assessment against them and wake up one day finding out that their wages have been garnished or their bank account has been levy or seized. Many times taxpayers move and leave no forwarding so the IRS is free to do what they wish to.

Other people do not file because they have lost their records  and now they’re stuck and have no idea what the next step is.

We have a unique way of reconstructing your tax return because of our experience at the IRS and knowing the formulas to complete tax return.

If someone has lost the records or cannot find all their records to complete your tax return with one call we can explain our process to you and get you back on the road to recovery to file all your back tax returns and work out a settlement all at the same time  without worry, fear, and anxiety from the Internal Revenue Service.

Once we file a power of attorney, the Internal Revenue Service is not allowed to contact you and all communications must go through our offices.

We are your insurance and best tax defense against the Internal Revenue Service.

How the IRS will work your open collection case.

If you will money to the Internal Revenue Service they will require a current financial statement on a form 433 a or 433F.

The Internal Revenue Service will want to see complete documentation on that form with copies of bank statements, pay stubs, expenses, before it makes a determination on how they will close your case.

As a general rule, the IRS has 3 closing buckets that they usually put you one.

IRS can either put you into:

1.currently non-collectible or hardship case which stays in the system for 1 to 3 years,

2.IRS may put you into an installment payment, or,

3.you could be settlement eligible for a settlement called an offer in compromise.

When you call us today for a free initial tax consultation we will walk you through the process to get your tax returns filed and settle your case all at the same time for affordable professional pricing.

 

Afraid To File Back Taxes Returns? STOP THE WORRY + Former IRS, Ft.Lauderdale, Miami, Boca Raton, Palm Beaches

 

Unfiled Tax Return + Lost Tax Records, File and Settle All At The Same Time, Former IRS Agents

As former IRS agents we can file all back tax returns and settle your tax debt all at the same time. Since 1982 A+ rated by the BBB.

 

We have over 95 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the Internal Revenue Service.

We know the system inside and out we can help you file your back taxes and reach a settlement with Internal Revenue Service.

With or without tax records we can reconstruct your tax return and get this problem behind you once and for all.

Stop the worry right now and let true tax professionals help file your back taxes.

Get immediate relief today. Let Former IRS Agents and Managers who know the system. We can solve you problem fast and for affordable pricing.

We can file all your back, past due or last tax returns and if you owe money we can work out a IRS Settlement.

Filing Back Taxes

 

If you do not file your back tax returns IRS can file your tax returns for you and this will cause you more problems than you can ever think.

We can file back tax returns for you even if you have little or no tax records.

We can do this quickly, efficiently, and at affordable rates.

As Former IRS Agents, Managers and Instructors we have reconstructed thousands of back tax returns for individuals, businesses and corporate entities.

Stop the worry right now, let our years at IRS be your best asset.

 

We can not only file all back years, but we can also work out a tax settlement so you can go on with your life worry-free.

What happens if you do not file a back tax return

 

It’s important to understand the ramifications of not filing a past due return and the steps that the IRS will take.

Taxpayers who don’t file a past due return or contact the IRS are subject to the following:

 

1. Penalties and Interest will be assessed and will increase the amount of tax due,

2. The IRS will file a substitute return for you. But this return is based only on information the IRS has from other sources allowing no exemptions or deductions or business expenses,

3. You lose Social Security credits.

Once the tax is assessed, the IRS will start the collection process, which can include placing a levy on wages or bank accounts or filing a federal tax lien against your property.

Filing Back Taxes Help – If IRS has already filed for you.

 

Even if the IRS has already filed a substitute return, it still makes sense for you to file your own return to make sure you take advantage of all the exemptions, credits, and deductions you are allowed. The IRS will generally adjust your account to reflect the correct figures. g

 

IRS 6020 B of Back Taxes Spells Trouble

IRS files thousands of back tax returns each year under the IRC provision of 6020B. As former IRS agents we filed back taxes for taxpayers when we were employed by the IRS. This process of filing by the IRS is called SRF or Substitute Tax Return process, and we understand exactly how it works.

The process of SRF works like this: IRS conducts matching programs each and every year on their CADE 2 system, which matches all W-2’s and 1099’s.

If the computer finds no tax return posted against the W-2’s or 1099’s the IRS will prepare a SRF tax returns. This is not what you want to happen, so if you can correct the situation, you should.

IRS will not do you a favor filing your SRF return for back taxes. IRS will only give you the standard deductions, and nothing more.

From there the IRS will send out 2-3 notices, which, if you don’t respond, they’ll then send Notices of Federal Tax Levy, both Bank levy’s and Wage garnishment levy’s.

They will continue to levy until they get your attention. After that, the IRS will follow that up with a Filing of the Notice of Federal Tax Lien.

Do not be left in the hands of IRS to file your back tax returns. Get Filing Back Taxes Help.

If the IRS filed your tax returns thru SRF, call us today to immediately correct the situation. If the IRS filed your tax return, we can file correct returns and correct the misstated tax liability.

When the IRS prepares your tax return, the general rule of thumb is that overstatement of tax is least 5 times of the total tax. In some cases, taxpayers never even owed the tax.

We can file correct tax returns to lower and adjust the overstated tax and work out a tax settlement that you can live with. This process is called an audit reconsideration.

As former IRS Agents, Managers and Instructors for over 60 years with the Internal Revenue Service at the local, district and regional offices, we are experts at reconstructing tax returns, filing back taxes and tax settlements.

We have prepared thousands of back tax returns since 1982.

Lost tax records, not a problem.

 

Not only will we reconstruct your tax return, but we will also work out a settlement agreement with the Internal Revenue Service if you owe them back taxes. If you do not have any records as former IRS agents we know the exact process to reconstruct your tax returns and assure you will pay the lowest amount  allowed by law.

We know the system, we know the methodologies, and we know the best and most affordable way to solve your IRS tax problem.

 

Need To File Back Tax Returns & Settle Back Debt Tax All at Same Time + Former IRS

Ft. Lauderdale, Miami, Boca Raton + IRS Help + IRS Letters, Notice, Tax Bills, Correspondence + Affordable IRS Experts

Former local IRS agents and managers end your problem now. Since 1982, A plus Rated.   STOP IRS NOW!   AFFORDABLE

 

We are a local South Florida tax firm that have worked out of the South Florida offices as well as the district and regional offices of the Internal Revenue Service.

We understand all the methodologies, the billing systems and the inner workings of Internal Revenue Service. We are true experts in IRS and state tax matters have been practicing since 1982. We know our way around the system.

We have over 100 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS. We know the system inside and out.

If you received a letter, notice or tax bill from the IRS we can help. Stop the stress and resolve your IRS problem.

You will never have to speak to the IRS!     1 (877) 367-7870

Let Former IRS Agents, Managers and Tax Instructors take the worry out of this situation.

 

YOU MUST ACT ON Any Final Notice or CERTIFIED LETTER OR NOTICE.

 

IRS Contacts Taxpayers by Letter or Notification 4 Different Ways:

 

 

So What Is Your Next Step?

First of all, do not panic.

The IRS is just trying to resolve an open issue.

Most IRS letters, notices or bills come with a time frame of ten to thirty days to respond to the notification.

You should respond within the time period specified or the IRS will follow up and eventually use enforcement action. If you do not respond to the IRS’s attempts to reach you they will hit you with a Federal Tax Lien, a Wage Levy on your paycheck or a Tax Lien on your bank account.

Contact Michael D. Sullivan, Former IRS Agent and our professionals will handle the IRS for you and resolve your problem.

 

IRS only sends out tax levies after a series of 5 letters are sent to the taxpayer. These are sent about 5 weeks apart.

 

1. CP 14  –  This is the notice of balance due,

2.CP 501 – This is a Bill that you still owe tax,

3. CP503 – Important, Immediate Action Required

4. CP 504 Urgent Notice – We Intend to Levy  on Certain Assets, Please Respond Now

5. CP90/CP297/ IRS Letter 1058 – Final Notice of Intent to Levy &Notice of Your Right to a Hearing

6.CP 91 CP298  -Final Notice Before Levy on your Social Security Benefits

 

Contact By Certified Mail

 

When IRS contacts you by certified mail it is time to be serious about the next step. The IRS has tried to contact you before to resolve the issue and has been unsuccessful.

Certified letters from the IRS usually means they are ready to take enforcement action. Unless you reach them within the prescribed period of time the IRS will probably levy your wages or bank account and file a Federal Tax Lien.

It is time to call your Michael D. Sullivan, Former IRS Agent Professional. In most cases, within a thirty day period of time, the IRS will send a wage levy to your employer, and or a bank levy to your bank accounts.

Whether you sign for the IRS certified mail or not, the 30 day period starts on the date of the IRS letter.

Before you make any contact with the IRS you want to know your rights so you don’t make the situation worse than it already is. This requires a plan of action. Contact Michael D. Sullivan, Former IRS Agent as soon as possible and we will contact the IRS immediately to stop any collection activity.

 

The CADE2 computer is the issuer of IRS Letters and Notices

 

The Internal Revenue Service is spending millions and millions of dollars on their CADE2 computer.  This is the computer giant that belongs to Internal Revenue Service and all its systems are held within this massive computer.

All IRS notices, letters and bills that go to taxpayers are generated from the system.

All the information that this computer generates is handled systemically and not a human hand will ever touch a piece of paper you receive.

To stop the issuance’s of IRS notices and  IRS letters you must contact an Internal Revenue Agent who can directly make changes to the CADE2 computer.

Usually you will find this on a 1-800 number on your letter, notice or bill.

If you do not contact the Internal Revenue Service at some point in time enforcement action will begin.

It is critical you contact the Internal Revenue Service at the number shown on Letter or Notice to stop or correct the problem or situation.

The worst thing you can do is not respond to the IRS notice her letter because I can assure you you will not be happy with the consequences.

 

I can tell you as a former IRS agent  these letters are notices will not go away.

 

As former IRS agents and teaching instructors we are aware of the next step IRS will take on every single case.

You will never have to speak to Internal Revenue Service once we have a power of attorney.

We can lay out a tax strategy for you and we will guarantee you a flat fee billing so you know exactly the cost of these matters.

We are a local South Florida tax firm that specializes in any IRS estate tax problem contact us by Skype, come in for an office visit or call us today for a free initial tax consultation.

Help With IRS Notices, IRS Letters, IRS Tax Bill, IRS Correspondence + Affordable IRS Experts

Former IRS agents and managers end your problem now. Since 1982, A plus Rated.   STOP IRS NOW!   AFFORDABLE

 

We have over 65 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS. We know the system inside and out.

If you received a letter, notice or tax bill from the IRS we can help. Stop the stress and resolve your IRS problem.

You will never have to speak to the IRS!     1 (877) 367-7870

Let Former IRS Agents, Managers and Tax Instructors take the worry out of this situation.

YOU MUST ACT ON A CERTIFIED LETTER OR NOTICE.

 

IRS Contacts Taxpayers by Letter or Notification 4 Different Ways:

 

So What Is Your Next Step?

First of all, do not panic.

The IRS is just trying to resolve an open issue.

Most IRS letters, notices or bills come with a time frame of ten to thirty days to respond to the notification.

You should respond within the time period specified or the IRS will follow up and eventually use enforcement action. If you do not respond to the IRS’s attempts to reach you they will hit you with a Federal Tax Lien, a Wage Levy on your paycheck or a Tax Lien on your bank account.

Contact Michael D. Sullivan, Former IRS Agent and our professionals will handle the IRS for you and resolve your problem.

 

IRS only sends out tax levies after a series of 5 letters are sent to the taxpayer. These are sent about 5 weeks apart.

 

1. CP 14  –  This is the notice of balance due,

2.CP 501 – This is a Bill that you still owe tax,

3. CP503 – Important, Immediate Action Required

4. CP 504 Urgent Notice – We Intend to Levy  on Certain Assets, Please Respond Now

5. CP90/CP297/ IRS Letter 1058 – Final Notice of Intent to Levy &Notice of Your Right to a Hearing

6.CP 91 CP298  -Final Notice Before Levy on your Social Security Benefits

 

Contact By Certified Mail

 

When IRS contacts you by certified mail it is time to be serious about the next step. The IRS has tried to contact you before to resolve the issue and has been unsuccessful.

Certified letters from the IRS usually means they are ready to take enforcement action. Unless you reach them within the prescribed period of time the IRS will probably levy your wages or bank account and file a Federal Tax Lien.

It is time to call your Michael D. Sullivan, Former IRS Agent Professional. In most cases, within a thirty day period of time, the IRS will send a wage levy to your employer, and or a bank levy to your bank accounts.

Whether you sign for the IRS certified mail or not, the 30 day period starts on the date of the IRS letter.

Before you make any contact with the IRS you want to know your rights so you don’t make the situation worse than it already is. This requires a plan of action. Contact Michael D. Sullivan, Former IRS Agent as soon as possible and we will contact the IRS immediately to stop any collection activity.

 

The CADE2 computer is the issuer of IRS Letters and Notices

 

The Internal Revenue Service is spending millions and millions of dollars on their CADE2 computer.  This is the computer giant that belongs to Internal Revenue Service and all its systems are held within this massive computer.

All IRS notices, letters and bills that go to taxpayers are generated from the system.

All the information that this computer generates is handled systemically and not a human hand will ever touch a piece of paper you receive.

To stop the issuance’s of IRS notices and  IRS letters you must contact an Internal Revenue Agent who can directly make changes to the CADE2 computer.

Usually you will find this on a 1-800 number on your letter, notice or bill.

If you do not contact the Internal Revenue Service at some point in time enforcement action will begin.

It is critical you contact the Internal Revenue Service at the number shown on Letter or Notice to stop or correct the problem or situation.

The worst thing you can do is not respond to the IRS notice her letter because I can assure you you will not be happy with the consequences.

I can tell you as a former IRS agent  these letters are notices will not go away.

As former IRS agents and teaching instructors we are aware of the next step IRS will take on every single case. You will never have to speak to Internal Revenue Service once we have a power of attorney. We can lay out a tax strategy for you and we will guarantee you a flat fee billing so you know exactly the cost of these matters.

IRS Expert Tax Help, IRS Tax Audit Defense, Appeals, FORMER IRS AGENTS + Ft.Lauderdale, Miami, Palm Beaches, Boca Raton

We are one of the most affordable and experienced professional tax firms in South Florida in dealing with the Internal Revenue Service.

 

We have over 200 years of professional tax experience and over 100 years of working directly for the Internal Revenue Service and the local, district, and regional offices of the Internal Revenue Service.

Our former IRS agents worked as managers and supervisors in the IRS tax audit division and we know every single way imaginable way to provide you the best possible tax defense if you are going through a IRS tax audit.

If you have received a letter from the Internal Revenue Service stating that you are going through an IRS tax audit, contact us today and we will walk you through the process of what to expect and how to prepare the best tax defense.

If you wish to appeal the findings of the local IRS agent, we can provide the best possible appellate tax defense for going forward.

 

 

 Many people ask us how IRS determines their cases when cases get into the appellate process. below you will find out some of the standards they use in evaluating your case.

 

IRS Hazards of litigation.

I am a former IRS agent and teaching instructor. I have over 40 years of experience with the Internal Revenue Service and in private practice. If you need help representation please feel free to call us today.

As a general rule after practicing over 40 years of tax experience, I have found I get a better result going to the appeals division. I feel that you have a more seasoned person looking at the case who is much more able to settle the case based on their years of experience. You will find the Appellate Division much more flexible.

Many times in the local office you do not know what you’re going to get from the field agent working the case. It is a lot easier many times to convince the appeals officer based on certain common senses. Many times a local office will see things black-and-white and the appeals agent sees things in the gray and are quicker to settle cases.

But keep in mind, you cannot have any frivolous arguments, you must have some sort of case before bringing it forward.

If you work a lot of cases that frequently go to appeals you can start building a reputation of a solid practitioner versus a scammer. It is best generally for your client and for your reputation to send solid work to the appeals office.

 

A LAYMAN’S LOOK AT THE HAZARDS PROCESS

 

I am attempting here to lay out a layman’s look at the hazards of litigation and what the appellate officer will look at as a case comes their way.

As a general rule, the appellate officer receives the entire case from the collection division or the audit division with all the notes and the entire case file.

Generally, the Appellate Division will get involved in the case from the audit or collection division in which the taxpayer is unsatisfied based on the result of the current field agent working the case and asked for a hearing in the appeals division.

The agent will carefully look at the case and then send out their appointment letter. They want to try to understand the case first before the appointment letters go out.

It is critically important for the practitioner of the taxpayer to respectfully and respond to all-time dated requests. You do not want to do anything to upset the appeals agent and their timelines in the handling of these cases.

Case files sent by the practitioner to appeals should be very organized, well documented and placed in tabs if necessary. Good case appearance is very important to the appellate agent can make their way through the case easily.

IRS management is very time conscious on cases and as a general rule, they do not like having overage cases in their inventory and many times both management and the agents are written up because of poor time management.

The appeals division is there to make a lasting final decision before the case could go to Tax Court.

The appeal officer does not want the case to go to court and they do their best to settle the case if in fact it can be settled on a reasonable basis. However,’s there are certain factors that the IRS appellate agent must consider before settlement.

If the case goes the Tax Court the IRS does not want to lose because it can alter future decisions and this can have a devastating effect on future cases going forward. If they lose the case it looks bad on the appellate agent, the supervisor’s management and the district in which the decision was ruled.

 

An Example:

The appellate agent looks at the case and based on the facts and circumstances. If feel they have an 8/10 chance of winning the case, many times they can offer an 80% reduction in the total tax. Before the agent sends out a letter offering a reduction, the case is reviewed with their supervisor to make sure this is consistent with the IRS overall goal so it does not affect future cases.

The IRS has certain categories or criteria that they use for the hazards of litigation.

I have put together 11 elements that they use in making their determination about the strength of the weakness of their case. Please remember this is a layman’s view so those reading this blog can understand how the IRS works these hazards of litigation cases.

I have deliberately not gone into any legal detail because this is just a brief overview of hazards.

 

Hazards of litigation categories

This list contains a majority of factors but not all-encompassing.

1. How would the judge view the facts of this case?

2. How much evidence would this hold inside a courtroom,

3. What is the credibility of the representation and the taxpayer

4. How well is the case been presented to the appeals agent that will be presented in court? Is the case well presented in well representative

5. Can the taxpayer meet the burden of proof effectively to convince the judge

6. If witnesses come into play are they credible and will they testify in such a case, can anything disqualify them

7. Has the taxpayer successfully shifted the burden of proof to IRS

8. Who does the appeals agent based on the aforementioned facts feel the judge will rule in favor of

9. How solid will the presenter of the taxpayer’s case be

10. Can the evidence of the facts be proven

11. Has tax law already existed in this case

 

What Does the IRM say about these matters:

 

1. The Appeals mission is to resolve tax controversies, without litigation, on a basis which is fair and impartial to both the Government and the taxpayer and in a manner that will enhance voluntary compliance and public confidence in the integrity and efficiency of the Service.

This is Appeals’ general contribution towards achieving the Service mission. (See IRM 1.1.1, IRS Mission and Basic Organization and IRM 1.2.17, Servicewide Policies and Authorities, Policy Statements for the Appeals Process.) In further support of the Service mission, Appeals may defer action on or decline to settle some cases, under Policy Statement 8–47 (described at IRM 1.2.17.1.6), where:

A. required by other Headquarters Office-issued internal management documents, such as those suspending action on cases or those requiring coordination or control of identified matters with widespread impact; or

B. such action would produce a greater positive effect on voluntary compliance than would be derived from settlement or other action on the case.

3. A fair and impartial resolution is one which reflects on an issue-by-issue basis the probable result in event of litigation or one which reflects mutual concessions for the purpose of settlement based on relative strength of the opposing positions where there is substantial uncertainty of the result in event of litigation.

4. It is the experience of Appeals that thorough, reasonable, and objective consideration of all elements of a controversy leads, in a large majority of cases, to the resolution of the controversy on a basis agreeable to both the taxpayer and the Government.

The agreement is not possible in all cases, however. A taxpayer may not agree with Appeals conclusion as to the probable result in event of litigation or to the extent of mutual concessions required where there is substantial uncertainty of litigating result or may prefer to litigate for other reasons.

If you are looking for professional tax help call us today for a free initial tax consultation and rest assured that you will receive the very best possible IRS tax audit or appellate defense.

IRS Expert Tax Help, IRS Tax Audit Defense, Appeals, FORMER IRS AGENTS + Ft.Lauderdale, Miami, Palm Beaches, Boca Raton

Owe Back Tax Debt To IRS + These are Your Options For Fast Relief Former IRS + Ft. Lauderdale, Miami, Hollywood, Pembroke Pines, Boca Raton

If you owe back taxes to the Internal Revenue Service you have several options to resolve of your back tax debt. As a former IRS agent here are your options for relief.

 

We are a local South Florida company that’s been practicing since 1982. You can come in our office for an appointment, Skype us, call us for a free initial tax consultation.

Millions of taxpayers owe back taxes every year to the Internal Revenue Service and best guess estimates show there’s anywhere between 5 to 10 million people who do not fully pay their income taxes when filed.

They generally fall into two categories of people, those who have not had sufficient withholding taken out or self-employed individuals who simply never made or did not have enough estimate payments made to the Internal Revenue Service  to cover their tax debt.

Both find themselves on the short end of the stick when it comes to tax season.

Many of these taxpayers never bother to file a tax return when they find out they owe tax fearing the worst or retribution from the Internal Revenue Service.

Many of these people fear the IRS levy on their bank or their wages or the filing of a federal tax lien. So  what do most of these people do, many put their head in the sand and don’t bother to go ahead and do anything about the inevitable debt.  however at some point in time they are going to have to deal with Uncle Sam and many will receive a nasty gram.

The fear is not as bad as people think. You have different options to resolve your IRS back tax debt and keep IRS out of your life and out of your back pocket.

 Here are your different options if you owe back tax debt to the Internal Revenue Service.

 

About 6.5 million taxpayers a year make monthly installment agreements. Some of these can come in the form of online agreements. the ones do not fit the online agreement category must give IRS a current financial statement documented along with copies of pay stubs bank statements and they must understand the necessary living expense standards set up by Internal Revenue Service.  IRS will require a financial statement which is generally on a 433F to be fully reviewed fully documented before making a determination on allowing them to make an installment agreement.

Others simply cannot pay their back taxes and will ask IRS to be put in a hardship or are currently not collectible status. Those individuals going in the status must understand that the tax debt will be reviewed again in two or three years and penalties and interest will still run on the debt  the entire time it is an uncollectible status.

Others can file for an offer in compromise to settle their tax debt for pennies on a dollar. With that said you must be a truly qualified candidate for the offer in compromise program.

As a former IRS agent, I was a teaching instructor for the offer and you must make sure you are a qualified candidate and not give your money to any firm unless you know you have a fair amount a chance to get your offer accepted

If you have any questions regarding owing back tax debt and the best way to resolve it based on your current financial statement please call us today for a free initial tax consultation and we will review with you the various programs IRS has in detail so you fully understand what the best option for you based on your current financial conditions.

If you are hiring a tax firm or a tax defense resolution company to represent you make sure they have former IRS agents on staff. Check the Better Business Bureau records find out the length of time they been in business and check out the complaint history. And lastly speak to the person who may be working your case.

Former IRS Agent + Best Payroll Tax Debt Relief Help + Ask The Christian Experts, IRS Tax Help + Chattanooga, Birmingham, Anniston, Tuscaloosa

Michael Sullivan Michael D. Sullivan, Former IRS Agent Expert, Former IRS Agent, Expert in Federal Payroll Tax Debt.      Since 1982.

We have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. We are an A+ rated BBB company.

Our office has over 200 years of total IRS work experience and we are true experts and how to settle your federal payroll tax debt with Internal Revenue Service.

We are available for free initial tax consultation.

 

We are the fast friendly and affordable tax firm.

I am a former IRS Agent and teaching instructor of the Offer Program when formerly employed at the IRS.

We know all the systems, settlement formulas and all the methodology to get you affordable IRS tax debt relief including trust fund debt problem.

We should be able to make sure we can reach a reasonable settlement on your payroll tax liability and you can continue to operate your business without fear and worry from the Internal Revenue Service.

Please keep in mind the Internal Revenue Service will conduct a full compliance check to make sure not only your business, company or corporation is current but also your individual taxes are up-to-date.

IRS does not want to seize your business for back taxes due on payroll taxes, however 941 payroll taxes are a big concern for the IRS.

You my ask why payroll tax that is a big concern for IRS, it simply because those are trust fund taxes that is money held in trust and is not an imposition to collect taxes from a company, it’s simply returning to IRS what you have withheld from employees and matched their Social Security.

IRS has an FTD program which is called the federal tax deposit alert which warns local offices of companies that are failing to file federal tax deposits. As a former IRS agent I worked this program. just be advised that IRS does keep a task force available on large companies that are making federal tax deposits.

 

The Process of receiving a Payroll Tax Debt Settlement

 

The Internal Revenue Service will want to fully review your company or corporation before you can obtain in IRS payroll tax settlement.

You will need to provide IRS with the current financial statement along with proof that all payroll tax deposits and 941 tax forms have been filed.

Many times IRS will want a personal or individual financial statement for more responsible persons. For most company’s of the IRS payroll tax settlement may come in three forms.

After IRS reviews your current financial statement the Internal Revenue Service may determine that you are a hardship candidate, monthly payment agreement candidate or an offer in compromise candidate and IRS payroll settlement.

 

Steps to take to work out an affordable payment plan with the Internal Revenue Service:

Immediately stay current on all payroll tax deposits to show the IRS good faith;
Be prepared to give the IRS a current financial statement;
Make sure your personal tax liabilities are filed and paid;
Have all documentation on the financial statement prepared for the IRS.

If you do not pay your Payroll Taxes IRS can collect them from you individually
To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.( trust fund recovery penalty )

These payroll taxes are called trust fund taxes because you actually hold the employee’s money in trust until you make a federal tax deposit in that amount.

The TFRP may apply to you if these unpaid trust fund taxes cannot be immediately collected from the business.

The business does not have to have stopped operating in order for the TFRP to be assessed

BE CAREFUL Who can be Responsible for the TFRP

The TFRP may be assessed against any person who:

Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and

Willfully fails to collect or pay them.

A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes.This person may be:

An officer or an employee of a corporation,

A member or employee of a partnership,

A corporate director or shareholder,

A member of a board of trustees of a nonprofit organization,

Another person with authority and control over funds to direct their disbursement,

Another corporation or third-party payer,

Payroll Service Providers (PSP) ore responsible parties within a PSP

Professional Employer Organizations (PEO) or responsible parties within a PEO, or

Responsible parties within the common law employer (client of PSP/PEO).

For wilfulness to exist, the responsible person:

Must have been, or should have been, aware of the outstanding taxes and either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).

Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness.You will be asked to complete an interview in order to determine the full scope of your duties and responsibilities.

Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.

An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.

 

Figuring the Trust Fund Amount

The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:

The unpaid income taxes withheld, plus

The employee’s portion of the withheld FICA taxes.For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.

Assessing the TFRP.If the IRS determines that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you.You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.

The letter will explain your appeal rights. Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process.If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.

Once we assert the penalty, the IRS can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action.

Best Payroll Tax Debt Relief Help + Ask The Christian Experts, IRS Tax Help +

 

Former IRS Agents + Get IRS Tax Debt Relief + Bank & Wage Garnishment Levies Released NOW + Christian Tax Service and Tax Relief Firm + Greenville, Spartanburg, Anderson, Asheville

We are a Christian tax firm that specialize in IRS tax problems of all kinds. Call us today for a free initial tax consultation.<><

 

Get your IRS bank or wage garnishment levy released today, as former IRS agents, we know the system we can settle your case at the same time.<><

Get true godly counsel from a christian tax firm, since 1982.

Feel free to ask us about our faith in Christ.<><

 

It’s all about knowing the system the methodologies and understanding what it takes to close your case off the IRS enforcement computer.

Once we have a current IRS financial statement within 24 hours we can keep our promise. We cannot only get your IRS bank or wage garnishment levy released we can settle your case as well.

We simply secure your power of attorney, contact IRS and you will never have to speak to IRS, we handle all the communication.

The IRS bank levy is the chief collection tool of the collection division to collect back taxes on taxpayers that have failed to pay.

How they work is simple, they are generated by the IRS Cade 2 computer, how to stop them you will find out in this blog.

The IRS over the years typically files anywhere between 1/2 a million to a million, both Bank and wage garnishment levies.

Depending on the year, the administration and the amount of revenue needed to fill the IRS coffers these numbers fluctuate from 1/2 a million to 3.5 million.

It requires no manpower for the Internal Revenue Service to actually file an IRS bank levy, it is done systematically out of the IRS CADE2 computer.

The Internal Revenue Service keeps its levy sources by collecting your financial information on their computerized system and recording it over the last six years, yes all 1099, W-2, and any financial institution that has required information to file with the Department of treasury appear on this system.

Also if you have written a check to the Internal Revenue Service in the past six years records that is a levy source as well.

If you have not paid the Internal Revenue Service, a final notice of a bank or wage garnishment levy is systematically filed.

The good news about the IRS bank levy is this, your money is frozen in the bank for 21 days, that is, you have 21 days to contact the Internal Revenue Service and they will issue a release of the bank levy but you have to know how to accomplish that and how to make sure that takes place within 21 days.

If the Internal Revenue Service has sent your bank a tax levy and you wish to get an immediate release, call us today. Since 1982.

We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.

We are true experts in IRS bank levies. As former IRS agents we have filed hundreds and hundreds of bank levies so we know the process of getting immediate releases of the documents.

When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.

There is a very methodical way to get your IRS levy released.

 

THE HOW TO:

IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise.

The Internal Revenue Service will have to be contacted and complete documentation of your current financial statement must be given to the Internal Revenue Service or they will make an immediate determination if the financial statement is complete.

We generally immediately send in a power of attorney for all our clients complete and prepare the financial statement along with the documentation, call the Internal Revenue Service and get immediate releases of the federal bank or wage garnishment levies.

After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.

As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.

Information you need to know about the IRS bank levy.

A levy is a legal seizure of your property to satisfy a tax debt.

IRS Levies are different from IRS liens.

A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

Where does Internal Revenue Service (IRS) authority to levy originate? With congress!

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:

• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);

• You neglected or refused to pay the tax; and

• 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.

If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.

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.

 

When will the IRS issue a levy or garnishment?

If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.

For instance, the IRS could levy property that is yours, but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions). Or, the IRS could seize and sell property that you hold (such as your car, boat or house).

 

IRS sends out a series of tax notices.

The Internal Revenue Service must send out a series of letters or bills. starting from a simple notice that you owe the money to and including the final notice a taxpayer can get anywhere between 2 to 5 notices depending on the amount and continued clients that may be habitual. IRS always sends out notices to the last known address on tax returns.

What if a levy on my wages, bank, or other account is causing a hardship?

If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.

An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.

A levy release does not mean you are exempt from paying the balance.

The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.

 

When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.

The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.

In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.

 

IRS Wage Levies may Follow, the 668w

If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:

• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.

Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.

The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.

Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days

If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero).

If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.

 

IRS Levies are different from IRS liens. Important Info

A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.

A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.

You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).

When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.

Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.

Call us today for a free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.

We are one of the nation’s top Christian  defense tax firms.

 

Former IRS Agents + Get IRS Tax Relief + Bank & Wage Garnishment Levies Released NOW + Christian Tax Service and Tax Relief Firm + Greenville, Spartanburg, Anderson, Asheville

IRS Tax Debt Relief + Levies, Wage Garnishment +Settlements, Christian IRS Tax Relief Services + Knoxville, Greenville, Spartanburg Anderson , Asheville

We are Christian tax firm that specializes in IRS tax debt relief. Since 1982, we have been Settling Tax Debt.<><

 

We are nationwide Christian tax defense firm that specializes in all IRS services dealing with IRS collections, IRS audit, IRS appeals.  From a simple IRS notice or letter to taking a case to Tax Court, we do it all since 1982.

Call us for a free initial tax consultation today and find the truth about Internal Revenue Service. We are one of the most experienced IRS tax firms in the United States. We are Christian and faith-based.

 

Get your IRS bank or wage garnishment levy released today, as former IRS agents, we know the system we can settle your case at the same time.<><

Get true godly counsel from a christian tax firm, since 1982.

Feel free to ask us about our faith in Christ.

 

IRS Tax Debt Relief + Levies, Wage Garnishment +Settlements, Christian IRS Tax Relief Services + Knoxville, Greenville, Spartanburg Anderson , Asheville

 

It’s all about knowing the system the methodologies and understanding what it takes to close your case off the IRS enforcement computer.

Once we have a current IRS financial statement within 24 hours we can keep our promise. We cannot only get your IRS bank or wage garnishment levy released we can settle your case as well.

We simply secure your power of attorney, contact IRS and you will never have to speak to IRS, we handle all the communication. We are the affordable, fast, reliable and professional Christian tax firm that is in practicing IRS tax defense since 1982.

 

The IRS bank levy is the chief collection tool of the collection division to collect back taxes on taxpayers that have failed to pay.

How they work is simple, they are generated by the IRS Cade 2 computer, how to stop them you will find out in this blog.

The IRS over the years typically files anywhere between 1/2 a million to a million, both Bank and wage garnishment levies.

Depending on the year, the administration and the amount of revenue needed to fill the IRS coffers these numbers fluctuate from 1/2 a million to 3.5 million.

 

It requires no manpower for the Internal Revenue Service to actually file an IRS bank levy.The computer automatically generates the levy after your Social Security number is flagged for nonpayment. Please keep in mind IRS can also garnish or levy Social Security, IRS’s, pensions, and 401(k)s.

 

The Internal Revenue Service keeps its levy sources by collecting your financial information on their computerized system and recording it over the last six years, yes all 1099, W-2, and any financial institution that has required information to file with the Department of treasury appear on this system.

Also if you have written a check to the Internal Revenue Service in the past six years records that is a levy source as well.

If you have not paid the Internal Revenue Service, a final notice of a bank or wage garnishment levy is systematically filed.

The good news about the IRS bank levy is this, your money is frozen in the bank for 21 days, that is, you have 21 days to contact the Internal Revenue Service and they will issue a release of the bank levy but you have to know how to accomplish that and how to make sure that takes place within 21 days.

If the Internal Revenue Service has sent your bank a tax levy and you wish to get an immediate release, call us today. Since 1982.

We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.

We are true experts in IRS bank levies. As former IRS agents we have filed hundreds and hundreds of bank levies so we know the process of getting immediate releases of the documents.

When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.

There is a very methodical way to get your IRS levy released. Knowing the system is half the battle.

 

THE HOW TO:

 

IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise.

The Internal Revenue Service will have to be contacted and complete documentation of your current financial statement must be given to the Internal Revenue Service or they will make an immediate determination if the financial statement is complete.

We generally immediately send in a power of attorney for all our clients complete and prepare the financial statement along with the documentation, call the Internal Revenue Service and get immediate releases of the federal bank or wage garnishment levies.

After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.

As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.The only thing that slows us up from releasing an IRS bank levy or wage garnishment levy is not having your current documented financial statement. The other key factor is to make sure all your tax returns are filed on IRS’s system.

 

Information you need to know about the IRS bank levy.

A levy is a legal seizure of your property to satisfy a tax debt.

IRS Levies are different from IRS liens.

A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

 

Where does Internal Revenue Service (IRS) authority to levy originate? With congress!

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:

• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);

• You neglected or refused to pay the tax; and

• 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.

If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.

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.

 

When will the IRS issue a levy or garnishment?

 

If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.

For instance, the IRS could levy property that is yours, but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions). Or, the IRS could seize and sell property that you hold (such as your car, boat or house).

IRS sends out a series of tax notices.

The Internal Revenue Service must send out a series of letters or bills. starting from a simple notice that you owe the money to and including the final notice a taxpayer can get anywhere between 2 to 5 notices depending on the amount and continued clients that may be habitual. IRS always sends out notices to the last known address on tax returns.

 

What if a levy on my wages, bank, or other account is causing a hardship?

If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.

An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.

A levy release does not mean you are exempt from paying the balance.

The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.

When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.

The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.

In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.

 

IRS Wage Levies may Follow, the 668w

If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:

• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.

Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.

The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.

Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days

If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero).

If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.

 

IRS Levies are different from IRS liens. Important Info

A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.

A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.

You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).

When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.

Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.

Call us today for a free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.

We are one of the nation’s top Christian defense tax firms.

Call us today for a free initial tax consultation and find out the truth from a true Christian IRS tax defense firm.

IRS Tax Debt Relief + Levies, Wage Garnishment +Settlements, Christian IRS Tax Relief Services + Knoxville, Greenville, Spartanburg Anderson , Asheville

IRS Tax Debt Relief From IRS Levies, Garnishment, Final Notices + Christian Tax Services Firm + Birmingham, Anniston, Tuscaloosa + Alabama

We are Christian tax firm that specializes in IRS tax debt relief. Since 1982 we have been Settling Tax Debt.<><

 

Get your IRS bank or wage garnishment levy released today, as former IRS agents, we know the system we can settle your case at the same time.<><

Get true godly counsel from a christian tax firm, since 1982.

 

Feel free to ask us about our faith in Christ.

 

It’s all about knowing the system the methodologies and understanding what it takes to close your case off the IRS enforcement computer.

Once we have a current IRS financial statement within 24 hours we can keep our promise. We cannot only get your IRS bank or wage garnishment levy released we can settle your case as well.

We simply secure your power of attorney, contact IRS and you will never have to speak to IRS, we handle all the communication.

 

The IRS bank levy is the chief collection tool of the collection division to collect back taxes on taxpayers that have failed to pay.

How they work is simple, they are generated by the IRS Cade 2 computer, how to stop them you will find out in this blog.

The IRS over the years typically files anywhere between 1/2 a million to a million, both Bank and wage garnishment levies.

Depending on the year, the administration and the amount of revenue needed to fill the IRS coffers these numbers fluctuate from 1/2 a million to 3.5 million.

 

It requires no manpower for the Internal Revenue Service to actually file an IRS bank levy.The computer automatically generates the levy after your Social Security number is flagged for nonpayment.

 

The Internal Revenue Service keeps its levy sources by collecting your financial information on their computerized system and recording it over the last six years, yes all 1099, W-2, and any financial institution that has required information to file with the Department of treasury appear on this system.

Also if you have written a check to the Internal Revenue Service in the past six years records that is a levy source as well.

If you have not paid the Internal Revenue Service, a final notice of a bank or wage garnishment levy is systematically filed.

The good news about the IRS bank levy is this, your money is frozen in the bank for 21 days, that is, you have 21 days to contact the Internal Revenue Service and they will issue a release of the bank levy but you have to know how to accomplish that and how to make sure that takes place within 21 days.

If the Internal Revenue Service has sent your bank a tax levy and you wish to get an immediate release, call us today. Since 1982.

We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.

We are true experts in IRS bank levies. As former IRS agents we have filed hundreds and hundreds of bank levies so we know the process of getting immediate releases of the documents.

When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.

There is a very methodical way to get your IRS levy released. Knowing the system is half the battle.

 

THE HOW TO:

 

IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise.

The Internal Revenue Service will have to be contacted and complete documentation of your current financial statement must be given to the Internal Revenue Service or they will make an immediate determination if the financial statement is complete.

We generally immediately send in a power of attorney for all our clients complete and prepare the financial statement along with the documentation, call the Internal Revenue Service and get immediate releases of the federal bank or wage garnishment levies.

After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.

As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.

Information you need to know about the IRS bank levy.

A levy is a legal seizure of your property to satisfy a tax debt.

IRS Levies are different from IRS liens.

A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

 

Where does Internal Revenue Service (IRS) authority to levy originate? With congress!

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:

• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);

• You neglected or refused to pay the tax; and

• 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.

If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.

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.

 

When will the IRS issue a levy or garnishment?

 

If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.

For instance, the IRS could levy property that is yours, but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions). Or, the IRS could seize and sell property that you hold (such as your car, boat or house).

IRS sends out a series of tax notices.

The Internal Revenue Service must send out a series of letters or bills. starting from a simple notice that you owe the money to and including the final notice a taxpayer can get anywhere between 2 to 5 notices depending on the amount and continued clients that may be habitual. IRS always sends out notices to the last known address on tax returns.

 

What if a levy on my wages, bank, or other account is causing a hardship?

If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.

An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.

A levy release does not mean you are exempt from paying the balance.

The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.

When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.

The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.

In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.

 

IRS Wage Levies may Follow, the 668w

If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:

• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.

Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.

The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.

Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days

If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero).

If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.

 

IRS Levies are different from IRS liens. Important Info

A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.

A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.

You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).

When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.

Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.

Call us today for a free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.

We are one of the nation’s top Christian  defense tax firms.