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.

FLAT FEE TAX RELIEF – FLAT FEE TAX SERVICE

1-866-747-7435

LOCATED IN CLEARWATER, FL AND SAN DIEGO, CA.

NATIONWIDE IRS TAX DEBT HELP

https://www.flatfeetaxrelief.net

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

The tax professionals at Flat Fee Tax Service routinely have an IRS wage levy stopped and released within 24 hours. Our teams are located in Clearwater, FL and San Diego, CA.  We are the nationwide leader in saving paychecks from an IRS levy. Do you want fast and affordable relief from an IRS levy (Bank or Wage)?

If you want quick, fast, affordable and reliable IRS tax relief,

Contact Flat Fee Tax Relief at 1-866-747-7435

for your free and confidential consultation today.

When you contact the able IRS tax relief team at Flat Fee Tax Relief, we can determine if you:

1. Qualify as a hardship case. If you are, Flat Fee Tax Relief will work to have you placed in Currently Not Collectible status.

2. See if you are eligible and qualified for a Fresh Start through the IRS Offer in Compromise program.

3. If you are qualified to settle your back tax debt, then negotiating an Installment Agreement with the IRS may be the answer to your IRS resolution.

4. Flat Fee Tax Service will have your IRS levy stopped & released in 24 hours.

Why would you choose anyone else to resolve your IRS problem when you can have the affordable tax professionals at Flat Fee Tax Relief resolve your IRS (and State) tax problems.

FLAT FEE TAX SERVICE:

1. Guided by our Christian Values.
2. Accredited by the Better Business Bureau.
3. No client complaints.
4. IRS levies routinely stopped and released with 24 hours.
5. Experienced IRS Tax Attorneys to resolve your tax problem.
6. Low fees with affordable monthly terms.
7. Positive Results.

What Are You Waiting For?

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https://flatfeetaxrelief.business.site

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

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Contact Flat Fee Tax Relief Today For Your Peace of Mind.

The Stop the IRS Levy Hotline is: 1-866-747-7435

 

IRS LEVY | Stop IRS Levy in 1 Day | Flat Fee Tax Service | San Diego

Flat Fee Tax Service is the nationwide leader in having an IRS Levy stopped within 1 to 2 business days. The key is being determined to get through to the IRS,  which can take hours, and find that IRS agent who will “listen” to your plea. Being diligent, determined are 2 attributes needed to achieve an IRS Levy release within 1 to 2 days. It also helps to know a “few tricks of the trade”. Flat Fee Tax Service, Inc. gets results.

What is an IRS Levy? An IRS Levy is a legal seizure of your property to satisfy a tax debt.  If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.

An IRS Levy actually takes property that you hold (such as your car, boat, or house), or the IRS could levy property that is yours but is held by someone else (such as your wages (paycheck), retirement accounts, dividends, bank accounts, licenses (medical), rental income, accounts receivables, the cash loan value of your life insurance, or commissions) to satisfy the tax debt. The IRS could seize and sell property that you hold (such as your car, boat, or house), or the cash loan value of your life insurance, or commissions.

The IRS will usually levy only after these three requirements are met:

1. The IRS assessed the tax and sent you a Notice and Demand for Payment;

2.  You neglected or refused to pay the tax; and

3. The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (IRS levy notice) at least 30 days before the IRS levy. The IRS may give you this notice in person, leave it at your home or your usual place of business, or the IRS could send it to your last known address by certified or registered mail, return receipt requested. Please note: if IRS executes a levy on your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the IRS levy.

The IRS only has to send a notice once. You may not have actually received the IRS Notice to Levy.

An IRS Levy on your wages (paycheck), or federal payments (think Social Security or Social Security Disability / SSDI) or your bank account (this could be brokerage as well) will end:

1.  The IRS levy is released (that’s where Flat Fee Tax Service comes in),

2. You pay the IRS your tax debt (if you had the money to pay, you probably wouldn’t be in this mess),

3.  The time to collect the back tax expires for legally collecting the tax (Statute of Limitations).

A Bank Levy: If the IRS executes a levy on your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days. This period allows you time to solve any problems from the IRS levy. After 21 days, the bank must send the money plus interest, if it applies, to the IRS. You could “discuss” your case with the person whose name appears on the Notice of Levy. If you do that, we will “wish you good luck”. The IRS has your money why would they give it back to you, an uninformed taxpayer? What would you tell them to “win your point”? Flat Fee Tax Service knows the points to argue.

Federal and State Levy Programs.  An IRS Levy on your federal payments through the Federal Payment Levy Program :

Under the Federal Payment Levy Program (FPLP), the IRS may levy (take) monies from the following federal payments that you may receive: retirement from the Office of Personnel Management, social security benefits / social security disability (SSDI), federal vendor payments, federal employee salaries, or federal employee travel advances and reimbursements. This program will electronically levy your federal payments paid through the Department of Treasury, Financial Management Service (FMS). If the IRS executes an electronic levy on your federal payments, the levy will take 15% from each of the payments until the account is resolved.

Manual IRS Levy (yes, the IRS can take your entire check).

The IRS is not limited by IRC 6331(h) to taking 15% of your paycheck, your Social Security or your Social Security Disability (SSDI) benefits. The IRS can issue a manual levy that can continuously take ALL of your Social Security / Social Security Disability (SSDI) benefits as well as your paycheck / wage under Internal Revenue Code section 6331(a), which permits an IRS Levy on all your wage, salary or other income [which would include Social Security / Social Security Disability (SSDI)]. The 15% automatic IRS Levy provision is a supplement to the manual IRS Levy power. The IRS can choose the manual approach if it deems fit and attempts to collect more than the automated 15%.

The IRS Can Execute an IRS Levy on your State Income refund and if you are from Alaska, they can take that “Permanent Fund Dividend” of yours.

Once the IRS Levy is Released, then what? You still have an IRS tax debt. Are you qualified for an Offer in Compromise or Penalty Abatement? Are you Currently Uncollectible? Will amending your Tax returns reduce your tax debt? These are questions that Flat Fee Tax Service can answer for you.

Your Flat Fee Tax Service “I need stop an IRS Levy” Hotline:

1 – 866-747-7435

https://www.flatfeetaxrelief.net

https://www.flatfeetaxservice.net

https;//www.facebook.com/thebestirshelp

 “America’s Best & Most Affordable IRS LEVY TEAM”