IRS Garnishment | Tax Levy | Flat Fee Tax Relief | Florida

IRS GARNISHMENT (Wage Garnishment)

and Tax Levy

IRS Garnishment (Wage Garnishment)

An IRS Garnishment (wage garnishment) is a type of IRS enforcement method used by the Internal Revenue Service where a portion of your wages or salary are deducted from each paycheck and applied towards paying off your tax debt.  An IRS wage garnishment is continuous which means it will take your wages/paycheck until it is stopped and released. An IRS garnishment ends when the taxes are paid in full or another payment method such as an installment agreement is arranged.  The IRS may garnish as much as 100% of your paycheck when the IRS implements a Manual Levy. 

Many people find that they cannot live on the amount remaining after the garnishment is taken out, so they seek a modification.  Wage Garnishment modifications can help protect income and maintain a level that makes it possible to live.  

THE TAX PROFESSIONALS AND IRS PROBLEM SOLVERS AT FLAT FEE TAX RELIEF ROUTINELY STOP AN IRS GARNISHMENT IN ONE DAY. 1-866-747-7435

Tax Levy

The IRS has a broad ability to order a tax levy.  A Tax levy will fall into 2 categories. The first are levies directed to the taxpayer and cover the property owned by the taxpayer, this is sometimes called a seizure. The second category is a tax levy served on third parties who hold intangible property belonging to the taxpayer, such as banks and employers.

In some cases, the IRS can seize your property.  Generally in Florida, homestead laws protect your primary residence.  However, it is critical that you find out your rights by speaking with an experienced and qualified tax attorney.

The IRS can serve the tax levy to your bank, your retirement plan holder, and to your life insurance company if your life insurance policy has a cash surrender value (whole life).  A bank levy can also be used to remove cash from a bank account.  Once the IRS places a levy order, your financial institution will be required to remove all funds available in your accounts up to the amount you owe, hold it in a separate account for 21 days and then send it to the IRS.  It may be possible to obtain a release of a levy to help save you from losing your entire savings, so it is important that you seek immediate counsel from a legal or tax professional.

YOU HAVE 21 DAYS TO GET YOUR MONEY BANK. THIS 21 DAY PERIOD INCLUDES SATURDAYS, SUNDAYS AND HOLIDAYS. NEEDLESS TO SAY, YOU HAVE NO TIME TO WASTE.

This article is brought to you by the tax professionals at Flat Fee Tax Relief who have been providing valuable IRS tax debt help at a very affordable fee for more than a decade. Our teams are located in Clearwater, Florida, and San Diego, California which allows us to be available to our clients and the IRS from 8 A.M. Eastern to 6 P.M. Pacific time.

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11 Tips To Avoid An IRS Tax Levy | Flat Fee Tax Relief | Florida

11 Tips To Avoid An IRS Tax Levy

The Treasury Department of the United States has a well-earned reputation for being serious about collecting tax debt. The mere mention of its enforcement arm – the IRS, is sufficient to invoke anxiety and fear into the most honest of taxpayers. One reason for the trepidation generated by the IRS is that it has a potent arsenal of weapons at its disposal to pursue taxpayers who are in arrears, including tax liens and a tax levy.

Many people confuse tax liens and tax levies. While neither is desirable, a tax lien poses much less financial danger to taxpayers than a tax levy does. A tax lien represents an initial attempt by the IRS to collect revenues from taxpayers who have failed to either pay their taxes in full or to contact the agency to discuss viable repayment options. By contrast, by the time the IRS gets around to filing a Final Notice of Intent to Levy and Notice of Your Right to A Hearing, otherwise known as a tax levy, taxpayers are in imminent danger of losing valuable assets such as cars or homes to seizure.

Avoiding the dire consequences of a tax levy should be your focus. Fortunately, taxpayers who take expedient measures can frequently avoid enforcement by the IRS tax levy. Depending on the personal circumstances involved, it may be possible to dodge a tax levy long enough to contact the IRS with alternative arrangements – or even long term.

1. YOU CAN Request a 120-Day Extension

One of the few absolutely guaranteed ways to avoid a tax levy is to repay what you owe to the IRS in full. If you are here reading our material,paying the IRS in a lump sum is probably an option. Now, if you have a reasonable expectation of being able to repay your tax arrears within 120 daysrequest an extension from the IRS. Once you have made payment, the lien should be released within 30 days, which will automatically cancel the tax levy.

2. Negotiate an Installment Agreement

The IRS can less flexible about allowing taxpayers to extend payments over time when taxpayers try to negotiate their way through an IRS problem. In recent years, the IRS has changed its stance and actively encourages collaboration between agents and taxpayers. So, if you can pay what you owe within a reasonable time frame, generally six years or less, depending on your total balance in arrears, you may be able to avoid a tax levy by negotiating an installment agreement. If so, you need to act quickly to prevent the actual tax levy from going through.

3. SUBMIT an Offer in Compromise

An Offer in Compromise is a formal tax settlement that allows taxpayers to settle their tax debt by paying less than the full amount due. The Offer in Compromise process requires taxpayers to demonstrate that attempts to collect the full amount owed would present an undue financial burden or would otherwise be untenable. As might be expected, the standard for qualifying for an Offer in Compromise are strict, and taxpayers would be well advised to seek an experienced tax professional before pursuing this tax relief option.

IRS Settlement – Offer in Compromise Success

4. Demonstrate Non-collectible Status

If paying your back taxes – or the execution of a tax levy – would create severe financial hardship, you can seek what the IRS categorizes as Currently not Collectible (“non-collectible status).” Once your tax debt has been designated as non-collectible (Currently not Collectible), all attempts to collect a tax levy cease. The tax lien will remains on your record, and you must re-apply for “noncollectable status” 12 to 18 months. Please note that the Statute of Limitations will continue to run out on the collection time available to the IRS. So it is very possible that your tax debt will simply “vanish.”

5. File Chapter 7 or 13 Bankruptcy

Under most circumstances, filing either Chapter 7 or Chapter 13 bankruptcy places an immediate halt on all creditor collection actions, including tax levies. But filing a bankruptcy petition only stops a tax levy for as long as the petition is active. And especially if you file Chapter 7 bankruptcy, you may be required to relinquish personal assets anyway to obtain a discharge. We aren’t Bankruptcy Attorneys so we aren’t going to give you bankruptcy advice. What we can tell you is this, should any of your tax debt not be discharged with a bankruptcy, the IRS will come after you 30 days following a dismissal or discharge.

6. Petition for Innocent Spouse Relief

If you filed a joint tax return with your spouse, you are generally jointly liable for any and all tax obligations. But under limited circumstances, it may be possible to escape a tax levy if you can demonstrate that your spouse is individually responsible for being in arrears with the IRS. Qualifying for Innocent Spouse relief is extremely tough, with strict requirements in place. Many tax professionals don’t even like doing an Innocent Spouse petition because the outcome will probably be “less than desired.” If you believe you qualify, you would be well advised to seek the services of an experienced tax professional in preparing your petition. Our team at Flat Fee Tax Relief has found through the years that most people have a better chance to settle their debt through an Offer in Compromise.

7. Appeal the Notice of Levy

If you legitimately believe that the IRS has mistakenly imposed a tax levy against you, it is imperative to contact the agency by phone immediately to request an appeal. You must also follow up the phone call with a written petition to appeal the tax levy. It is your legal right to appeal a tax levy, and doing so will stop the process while your appeal is being processed.

8. Allow the Statute of Limitations to Run

The IRS is limited by statute on the amount of time that a tax lien is allowed to stand. The Statute of Limitations is usually 10 years from the date of assessment. If the statute of limitations expires before the IRS imposes a tax levy, you are officially off the hook. But this is a very risky strategy, especially since the IRS may simply impose a new tax lien against your account. It is possible to play a “cat and mouse game” with the IRS but do not try this strategy on your own. On the other hand, if you can demonstrate that the statute of limitations has ALREADY expired, your odds of escaping a tax levy improve significantly. Do not attempt this approach without expert legal advice.

9. Claim IRS Procedural Error

This is a possibility but in all sincerity, saying a “Hail Mary” would be better than doing this. In most cases, taxpayers receive multiple warnings before the IRS executes a tax levy. But sometimes mistakes are made. If you can demonstrate that you did not receive sufficient notice of a tax levy, or that the IRS committed some other procedural error in assessing your account, you can request a Collection Due Process hearing, which will halt a tax levy for 30 days after the date of the hearing. The only thing the IRS must prove is that their Notices were sent. The IRS is under no obligation to ensure that you receive the notices.

10. File a Request through the Collection Appeals Program

If you are not satisfied by the results of an appeal or a Collection Due Process hearing, you may file a petition for under the Collection Appeals Program before a tax levy has been executed. You may also file a petition to recover assets such as bank accounts or wages that were wrongfully seized by tax liens under the Collection Appeals Program. But if seized assets such as a home or a car have already been sold, you are pretty much out of luck.

11. CALL FLAT FEE TAX RELIEF TO STOP AN IRS TAX LEVY IN ONE DAY.

Flat Fee Tax Relief has been providing this very valuable TAX LEVY RELEASE service for more than a decade. Our tax professionals and IRS problem solvers were the very first tax relief company to offer this. When our competitors saw how successful we have been, they followed. Flat Fee Tax Relief has always been the Leader in both tax levy release and with tax settlements through the Offer in Compromise program.

This article is brought to you by the tax professionals at Flat Fee Tax Relief who have been providing valuable IRS tax debt help at a very affordable fee for more than a decade. Our teams are located in Clearwater, Florida, and San Diego, California which allows us to be available to our clients and the IRS from 8 A.M. Eastern to 6 P.M. Pacific time.

FLAT FEE TAX RELIEF – FLAT FEE TAX SERVICE
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IRS Tax Debt Help | Debt Forgiveness | Flat Fee Tax Relief | Florida

What Is the IRS Debt Forgiveness Program? IRS Debt Help?

Even the IRS understands “stuff happens” happens. That’s why the agency offers IRS debt forgiveness (IRS debt help) when you can’t afford to pay your tax debt.

Remember this, the IRS has 2 goals: collect money and close cases. Under certain circumstances, taxpayers can have their tax debt dramatically or partially forgiven. When the IRS considers forgiving your tax liability, they look at your present financial condition first. This means the IRS can’t collect more than you can reasonably pay. If any collection action would force you into a financial crisis where you lose all sense of financial security, the IRS can’t collect your tax debt.

IRS Tax Debt
IRS Tax Forgiveness

Know What You Owe – Know What You Qualify For

Before applying for IRS programs, find out how much in taxes you owe to the IRS. Knowing what IRS forgiveness programs you qualify for and how much you currently owe is vital when it comes to asking for IRS forgiveness.

There are many different ways to find out how much you owe, including checking online through the IRS’s new portal, calling the IRS, mailing the IRS a form, or having a tax professional do the research for you. The advantage to having an tax professional look into your IRS problem is this: the IRS won’t be asking you questions which you would be obligated to answer. No matter how you figure out how much you owe in back taxes, you’ll need to know before seeking forgiveness. 

The IRS has many many rules. How much you owe is among the different rules that they have. It is important to know how much the tax debt is in order to to attack the IRS problem.

Be on the Lookout for IRS Collection Actions

If you can’t pay but you haven’t reached out to the IRS for forgiveness or assistance, you should still expect them to begin taking collection actions against you. These actions can range from seemingly benign, like loads of notices in the mail, to very aggressive, like private debt collection agencies getting involved and tracking you down.  You could also find that your passport is at risk due to tax debt.

Some of the IRS’s often-used collection actions include:

 Tax Lien – Federal Tax Lien – A tax lien is an IRS claim against your property, which will secure their interest in your assets if you fail to pay your tax debt. It’s kind of like “an insurance policy.” It is what we call a “passive collection.” Unlike a tax levy, a lien doesn’t mean your property will be taken immediately. However, you’ll still need to address the tax lien. Not only can a tax lien keep you from selling your property, but it can also snowball into a more aggressive action in the future. Once again, depending on how much the tax debt is, tax liens are regulated by the tax debt owed.

Tax Levy – IRS Garnishment – Bank Levy – Wage Garnishment

tax levy is the agency authority to legally seizure of your property to satisfy your outstanding unpaid tax debt. You should have been sent a notice of levy from the IRS, which will let you know that they are planning to pursue levying actions against you. 

A tax levy can be placed on personal property like your home, car, or boat. They can also be placed on your assets, like your bank funds, tax refunds, and wages. 

A Wage garnishment is a type of tax levy in which the IRS will take part of your income in order to settle your existing tax debt. The IRS will order your employer and will continue garnishing your wages until your tax debt is paid or other arrangements are made to pay your tax debt.

Pay Less Than You Owe with Offer in Compromise

After paying your “allowable expenses” (everyday expenses), if it can be shown that you cannot pay the entire tax debt, you should apply for the IRS government payment plan called an Offer in Compromise (OIC) to settle your tax debt. Depending on your financial capacity and upon acceptance, the IRS significantly reduces the total debt that you can pay. This reduced amount can be paid in a lump sum or in fixed monthly payments.

The tax professionals at Flat Fee Tax Relief, have a 96% Offer in Compromise approval rate. while the IRS overall approval rate is approximately 42%. Our team members know how to shepherd an Offer in Compromise submission toa successful conclusion.

The IRS considers your ability to pay, income, expenses, and asset equity when determining your eligibility for an OIC. While it can be a life-changing tax resolution for many people, the IRS doesn’t give an Offer in Compromise easily.

Offer in Compromise – Tax Settlement

See If You Qualify for the
IRS Fresh Start Initiative

To make it easier for taxpayers to qualify for an OIC, the IRS has expanded their Fresh Start Initiative.

These changes to the Fresh Start initiative make it easier to afford your IRS tax payments. Now, you won’t have to disclose extensive financial details to the IRS to judge your paying ability. 

  • Instead of looking at five years of future income to determine reasonable collection potential, the IRS now looks at only one to two year of future income for offers, depending on the payment period. 
  • Taxpayers are now allowed to make their student loan minimum payment for post-high school education loans guaranteed by the federal government.
  • Taxpayers may, under certain conditions including financial hardship, pay delinquent federal and state or local taxes in monthly installments if they cannot pay it in full.
  • The IRS has expanded the Allowable Living Expense standards. This allowance now includes credit card payments, bank fees and charges, and other various allowances.
  • The IRS has doubled the dollar threshold for taxpayers eligible for Installment Agreements, which will help more people qualify.
Free Consultation

The tax professionals at Flat Fee Tax Relief has been providing valuable IRS tax debt help at very a very affordable fee for more than a decade. Our teams are located in Clearwater, Florida, and San Diego, California which allows us to be available to our clients and the IRS from 8 A.M. Eastern to 6 P.M. Pacific time.

NOW IT’S ALL UP TO YOU.

FLAT FEE TAX RELIEF – FLAT FEE TAX SERVICE

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NATIONWIDE IRS TAX DEBT HELP

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IRS Bank Levy Help | IRS Levy Info | Flat Fee Tax Relief | Florida

How to Reverse an IRS Bank Levy

Emergency Bank Levy Information:

If are facing an IRS or state bank levy, our experienced team will create distance between you and the taxing authorities. We buy our clients much needed time and reasonable solutions.

Bank Levies 101 – The IRS Bank Levy

A tax levy ordered by the IRS is an enforced collection, where money is taken out of your bank account. An IRS bank levy or wage garnishment will happen if you do not pay your tax debt or make arrangements to settle your tax liability. The following are seizure actions available to both the IRS and state:

  • Seizure and sale of property that you hold (such as your car, boat, or house), or
  • tax levy on property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, rental income, accounts receivables, the cash value of your life insurance, or commissions).

The government usually levies only when the following three conditions have occurred:The government assessed the tax and sent you a Final Notice – Balance Due

You neglected or refused to pay the tax, and

The government 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 tax levy. The government usually sends this final notice to your last known address by certified mail, return receipt requested, but they may give this notice to you in person, or leave it at your home or your usual place of business.

Important Note: If the government (IRS) doesn’t have your current address because you have not notified them directly of an address change, you may not get the notice. If they send a notice to an old address, it is still considered sent and the agency can proceed with asset seizure. (We see this happen to our clients over and over again)

If an IRS levy is placed on your bank account, the tax levy attaches funds that have cleared and are available for withdrawal, up to the amount of the levy. The bank must wait, however, until 21 days after a levy is received before sending the money to the government.  The holding period allows you time to resolve any dispute about account ownership or get professional advice on your situation.  After 21 days, the bank must send the money, plus, if applicable, any interest earned on that amount.

AS YOU CAN READ, YOU DO NOT HAVE ANY TIME TO WASTE.

IRS Tax Levy – Bank Levy

IRS (CP501-504 letters) Levy Final Notice

If you have received bank levy, threat of bank levy or an IRS CP 504, it’s a very serious matter because you are about to have your assets and/or money taken by force, often over night.

What does a CP letter mean?

The CP notice is telling you that the IRS intends to enforce collections. The IRS can and will seize (levy) your state tax refund, and other property or your rights to property, including:

  • Wages, real estate commissions, and other income
  • Bank accounts
  • Business assets
  • Personal assets (including your car and home)
  • Social Security benefits (Automatic 15% Levy – Federal Payment Levy Program )

Call 1-866-747-7435 today for a free evaluation

The tax professionals at Flat fee Tax Relief have been providing valuable IRS tax debt help at a very affordable fee for more than a decade. Our teams are located in Clearwater, Florida, and San Diego, California which allows us to be available to our clients from 8 A.M. Eastern to 6 P.M. Pacific time.

OUR TEAM OF TAX PROFESSIONALS ROUTINELY HAVE AN IRS TAX LEVY STOPPED AND RELEASED IN ONE DAY.

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NATIONWIDE IRS TAX DEBT HELP

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IRS Settlement | Los Angeles Tax Debt Help | Flat Fee Tax Service

IRS Problem Resolution Services – IRS SETTLEMENT HELP – LOS ANGELES, CALIFORNIA

Failure to File – Unfiled Tax Returns

Not filing your taxes could happen for a myriad of reasons or excuses. The most important first step is to get up to date and file your back returns. You must be compliant which means the last six (6) years of tax returns are properly filed.

The tax professionals at Flat Fee Tax Relief (Flat Fee Tax Service) are located in San Diego, CA and Clearwater, FL. Our team will work with the IRS on your behalf to resolve any past issues, file your back taxes and do all we can to minimize your back tax debt and any penalties associated with your failure to file your tax returns.

Should the IRS create a tax debt via a Substitute for Return (SFR), the IRS will have the authority to enforce collection on an inflated tax debt. That means you will face a tax garnishment (wages, paycheck) and an IRS levy on bank accounts. To stop a tax garnishment and an IRS levy, you will have to, drum roll, FILE YOUR TAX RETURNS.

The IRS will not allow you to use other tax debt relief options like an Offer in Compromise or Installment Agreement until your back taxes are filed. You can’t even get yourself into an Installment Agreement if you have unfiled tax returns. Once the back tax returns are prepared and filed, our tax professionals can work with the IRS to arrange alternate settlement methods if you are unable to pay the balance due.

Tax Levy – IRS Garnishment – Wage Garnishment

A Tax Levy – IRS Garnishment – Wage Garnishment is one of the seizure methods the IRS will use to collect a tax debt. If the agency sends a tax levy order to your employer the IRS will demand that your employer send major portion of your wages to the IRS to cover your tax debt. If your wages have been levied and garnished, contact our Los Angeles IRS specialists immediately. Our tax professionals routinely have an IRS garnishment stopped and released in one day. Our team will contact the IRS immediately to work out an arrangement to settle your debt and have the wage garnishment removed.

Offer in Compromise – IRS Settlement

Offer in Compromise – Tax Settlement – Los Angeles, California

  • Offer in Compromise – Not everyone will qualify for an Offer in Compromise (OIC), but many taxpayers will. Many more than you may think. An Offer in Compromise is a settlement agreement between a taxpayer and the IRS, that will greatly reduce a tax debt. We are experienced tax professionals who have experience negotiating Offers in Compromise with the IRS. Contact us today so we can determine if your situation qualifies for this special program. Our tax professionals have a 96% Offer in Compromise approval rate.
  • Installment agreement – When a taxpayer cannot afford to pay their tax debt immediately, we can help you negotiate an Installment Agreement with the IRS that is the lowest amount possible. This type of payment plan option is good for those who cannot afford a lump sum payment to cover their tax debt.
  • Currently Not Collectible – When your account is placed into a Currently Not Collectible status, that means that your account is removed from the IRS’ active collection status. Everyone in Currently not Collectible status will not make payments on their tax debt. Furthermore, the time available to the IRS continues to run out (Statute of Limitations). There are very strict guidelines for people who qualify for this status. Contact us today so we can help you determine if you qualify.
  • Penalty and Interest – We are experienced at representing clients before the IRS to negotiate lower penalties or interest payments on back taxes. Sometimes it is possible to have the penalties and interest completely removed, depending on the situation.

I am Dave Rosa. it is always my pleasure and my duty to provide you with a comprehensive evaluation of your tax problem. It is a free consultation. Our conversation will only take 20 or 30 minutes. It will be well worth your time as you become very well informed as to your tax relief options.

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Innocent Spouse | Injured Spouse | IRS | Flat Fee Tax Relief | Florida

Innocent Spouse | Injured Spouse | IRS TAX DEBT HELP

IRS Tax Relief by Separation of Liability – Equitable Relief – Innocent Spouse

An Innocent Spouse (IRS innocent spouse) is simply someone whose tax refund is used to cover the past-due debts of a spouse or ex-spouse. If you filed a joint tax return, you are jointly and individually responsible for the tax debt and any interest and penalty due on the joint return. The IRS does not care about any divorce decree. As far as the agency is concerned “it’s between you and your ex.” This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on a previously filed joint return. If you believe, that only your spouse or former spouse should be held responsible for all or part of the tax, then you can file a request for Innocent Spouse Relief.

GETTING THE IRS TO AGREE TO INNOCENT SPOUSE STATUS IS NOT EASY. IT MAY BE EASIER TO GET RECEIVE AN OFFER IN COMPROMISE. SO, IT IS VERY VERY DIFFICULT TO GET THE INNOCENT SPOUSE DECLARATION ON YOUR OWN.

INNOCENT SPOUSE – IRS TAX DEBT HELP

By requesting innocent spouse relief from the IRS, you can be relieved of responsibility for paying tax, interest, and penalties if your spouse (or former spouse) improperly reported items or omitted items on your tax return.  In some cases, if the request has been accepted, a spouse may be relieved of the tax, interest, and penalties on a joint tax return. You must meet with the required conditions to be qualified for a request for Innocent Spouse status. If you live in community property State, then the requirements and qualification will also depend on the community property state laws.

After the agency receives and investigates your Request for Innocent Spouse Relief, the IRS will determine by taking into consideration of all information and your circumstances to evaluate which type of relief you will be qualified:

Three Types of Innocent Spouse Relief:

  • Innocent Spouse Relief
  • Relief by Separation of Liability
  • Equitable Tax Relief

I am Dave Rosa. It is my pleasure and duty to provide everyone who calls with a thorough evaluation of their tax problem. Our consultation will take 20 to 30 minutes to complete. By the time we finish, you will have a complete understanding of your tax relief options and what you cn expect. Our phone time with you will be well worth it.

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NATIONWIDE IRS TAX DEBT HELP

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Tax Levy | IRS Garnishment Help | Flat Fee Tax Relief | Florida

TAX Garnishment Help –

IRS GARNISHMENT

Are Your Wages Being Garnished by the IRS? Our Tax professionals Can Fix That.

The tax professionals at Flat Fee Tax Relief routinely stop an IRS garnishment (wage garnishment). Our team can negotiate with the IRS to set up payment plans that both satisfy the IRS, and keep you from financial collapse . We can complete your Offer in Compromise and handle the negotiation process to reach the lowest settlement amount possible.

What is an IRS Garnishment (wage garnishment)?

When you owe money to the IRS, theenforcers at the IRS will stop at nothing to collect on that tax debt. This includes taking a sizable portion of your paycheck before it ever even reaches your hands.

An IRS garnishment or “tax garnishment” on on your wages is a type of tax levy the IRS uses to take a percentage of your paycheck directly from your employer. While limitations do exist, employers often fail to provide employees with the necessary Statement of Exemptions and Filing Status form that needs to be completed and returned to the IRS within three days. This can lead to wage garnishments of 75% or more of your paycheck.

IRS Garnishment – Wage Garnishment

IRS Garnishment (Wage Garnishment) – Flat Fee Tax Relief

Dealing with the IRS directly can be a very painstaking process. Individuals lack the information and resources necessary to accurately complete required documentation. The IRS isn’t in your corner. They make it incredibly challenging to reach any sort of agreement in releasing your wage garnishment.

STOP AN IRS GARNISHMENT – TAX GARNISHMENT – WAGE GARNISHMENT

FLAT FEE TAX RELIEF – FLAT FEE TAX SERVICE

ONE DAY TAX DEBT HELP – 1-866-747-7435

LOCATED IN CLEARWATER, FL AND SAN DIEGO, CA

NATIONWIDE IRS TAX DEBT HELP

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Will an Offer in Compromise Stop a Levy | Flat Fee Tax Relief | Florida

HOW TO STOP AN IRS LEVY WITH AN

OFFER IN COMPROMISE

At least once a week someone will call our tax professionals and ask us how to avoid or stop or prevent an IRS levy. There are different ways to stop a tax levy, but one very effective way is to file an Offer in Compromise (tax settlement), and I’m going to discuss that.

Remember, an IRS levy is different than a tax lien. An IRS levy is when the IRS actually takes action against you to take your money. Yes, the IRS will seize your wages, your paycheck and/or bank account(s). A tax levy is usually a wage garnishment or a bank levy. The key difference between an IRS garnishment that seizes your wages and a bank levy is that the wage garnishment is continuous, and by that we mean that the IRS files the paperwork one time, sends it to your employer, and then they get a piece of your paycheck every time you get paid until they are paid in full.

A bank levy is just what you would expect; they take the money out of your bank account. This is often referred to as a one-time levy, which is a little misleading because they can file the paperwork over and over, but the fact is that it is not continuous meaning that when the levy hits your bank account, the IRS will seize the money in the bank account on the day the levy hits. It is not continuous, meaning if you put more money in there after the levy hits they do not get that money. You have 21 days from the dat the IRS levy hits your bank to get the money released back to you. Needless to say, you have “zero” time to lose.

THE TAX PROFESSIONALS AT FLAT FEE TAX SERVICE ROUTINELY HAVE AN IRS GARNISHMENT STOPPED AND RELEASED IN ONE DAY.

The best way to avoid an IRS levy is to get compliant and come up with a plan to solve your tax problem once and for all. However, in the real world, of course, a tax levy happens all the time and people come call our tax professionals when they are missing their paycheck.

One way to stop an IRS levy is to submit an Offer in Compromise. An Offer in Compromise is a legitimate offer to settle with the IRS. Conceptually, the idea of an Offer in Compromise is very simple, but in reality, folks need help doing it because there is an awful lot of detail involved and if you don’t do it just right, the Internal Revenue Service will reject or return the Offer in Compromise submission and you will need to re-do it or give up. The IRS hopes that you get discouraged and give up.

Here’s what the IRS Code says:

Suspension of the Tax Levy While the Offer in Compromise is Pending

1. IRC 6331(k) provides that no tax levy may be made:

• During the period that the settlement offer is pending
• For an additional 30 days after the offered settlement is rejected, and
• During the time any appeal of the rejection is pending.

2. Treasury Regulation 301.7122-1(d)(2) states that an Offer in Compromise becomes pending once it is accepted for processing. This is the date the IRS official signs the Form 656.

Offer in Compromise – IRS Settlement

A couple of items to sick in your bonnet: Using an Offer in Compromise to stop a tax levy has the potential to be a real home run for you. In the short term, it can and will stop the IRS levy. And in the long term, it can actually settle your entire tax debt for less than what you owe. In other words, it can solve the bigger problem, your unpaid tax bill.

Keep in mind that it does take time to put together an Offer in Compromise. On average, it will take 10 to 12 months to complete. Some folks are impatient but “it is what it is.” When our tax professionals receive a call because of an IRS levy, it’s often an emergency-type situation. People need the tax levy lifted (stopped and released) quickly because they cannot pay their bills without their paycheck.

OUR TAX PROFESSIONALS HAVE SOME “TRICKS UP OUR SLEEVE” THAT WILL STOP THE IRS LEVY PRIOR TO THE OFFER IN COMPROMISE SUBMISSION. THIS WILL PROVIDE THE NECESSARY “STRESS FREE” TIME TO PUT TOGETHER YOUR OFFER IN COMPROMISE.

Our team doesn’t rely on on the Offer in Compromise to stop the tax levy. We have other procedures to accomplish that. Once the Offer in Compromise is submitted, the levy release will stay in place. The tax levy is stopped once the settlement offer is “accepted for processing.” Technically, the settlement offer is “accepted for processing” when the proper IRS official signs Form 656 (the Offer in Compromise form). In our experience, offers are usually processed in about two weeks after they are filed.

FLAT FEE TAX RELIEF – FLAT FEE TAX SERVICE
CALL 1-866-747-7435

LOCATED IN CLEARWATER, FL AND SAN DIEGO, CA

https://www.flatfeetaxrelief.net

https://www.flatfeetaxservice.net

https://flatfeetaxrelief.business.site

https://affordable-irs-tax-help.business.site

Offer in Compromise | Los Angeles | Flat Fee Tax Service

OFFER IN COMPROMISE – TAX DEBT HELP – LOS ANGELES – TAX SETTLEMENT

Settling your tax debt is absolutely possible! It doesn’t take an expensive lawyer or years of painful payouts to do it either. In 2012, the IRS instituted the Fresh Start Initiative that made an Offer in Compromise accessible to thousands and thousands of tax debtors who didn’t qualify before. A well documented Offer in Compromise is your opportunity to settle your tax debt once and for all, so you shouldn’t wait another minute!

If you need tax debt help getting out from your tax debt, Flat Fee Tax Service is here to help you arrange and submit an Offer in Compromise (OIC) that will allow you to pay for your tax debt “for pennies on the dollar!”

FLAT FEE TAX SERVICE HAS A 96% OFFER IN COMPROMISE SUCCESS RATE.

How Can an Offer in Compromise Help You?

If you are struggling with a tax debt, you may be eligible and qualified to apply for an Offer in Compromise (tax settlement), which allows you to settle your debt for less than the full amount, in return for complying with current and future tax terms.

Since the 2012 Fresh Start Initiative, the IRS has significantly increased the allowable expenses, flexibility and relaxed the terms for Offer in Compromise (OIC) applications. Some of the changes include:

• Expanded living expense categories/amounts
• Exclusion of income-producing assets for businesses in an OIP calculation
• Reduction of Cash-in-Bank considered for an OIP calculation by $1,000 + one month’s allowable living expenses
• Exclusion of up to $3,450 in equity per car in a household; additional $200 for older cars
• Release of tax liens once the tax debt has been paid

Never before has the IRS made it so easy and affordable to find tax relief in Los Angeles. We don’t know how long this offer will last, so act today!

IRS Tax Debt Help

FLAT FEE TAX SERVICE – FLAT FEE TAX RELIEF
1-866-747-7435

LOCATED IN SAN DIEGO AND CLEARWATER, FL

https://www.flatfeetaxservice.net

https://www.flatfeetaxrelief.net

https://affordable-irs-tax-help.business.site

IRS Installment Agreement | Flat Fee Tax Relief | Florida

What is Installment Agreement
(Payment Plan)?

An installment agreement is one way of paying the taxes that you owe. An IRS Installment agreement can be available to individuals and businesses. Installment agreements are based on financial information that is provided to the IRS. There are several different kinds of installment agreements available to taxpayers. An Installment Agreement may be based on the amount of taxes owed ($50,000 or less) or your current financial condition. The IRS uses forms 433-A, 433-F and 433-B to determine your financial condition and set the amount of your monthly payment. What information is provided and how your financial information is provided to the IRS is critical. Remember, the IRS agent’s job is to collect as much money from you in the shortest amount of time possible. Your lack of knowledge WILL be used against you.

IRS Tax Debt Help

Far too many taxpayers are placed into installment agreements that they simply cannot afford to pay. Before you agree to any payment plan with the IRS, a taxpayers with a tax debt should really consult with an experienced tax professional. Instead of making payments that may be impossible to keep, you may be eligible for Currently not Collectible status.

Before you agree to an IRS Installment Agreement, you may find out that you are eligible and qualified to settle with the IRS through an Offer in Compromise submission. You owe to yourself to find out what is available to you.

CALL 1-866-747-7435

FLAT FEE TAX RELIEFFLAT FEE TAX SERVICE

LOCATED IN CLEARWATER, FL AND SAN DIEGO, CA

https://www.flatfeetaxservice.net

https://www.flatfeetaxrelief.net

https://flatfeetaxrelief.business.site

https://affordable-irs-tax-help.business.site