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
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.
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 days, request 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.
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.
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 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.
FLAT FEE TAX RELIEF – FLAT FEE TAX SERVICE 1-866-747-7435
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 – 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
A taxlevy 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 aFinal 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 (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
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
I am Dave Rosa. It is my pleasure and duty to provide you with a thorough evaluation of your tax problem. our conversation will take up 20 to 30 minutes of your time. This will be well worth your time.
OUR TEAM OF TAX PROFESSIONALS ROUTINELY HAVE AN IRS TAX LEVY STOPPED AND RELEASED IN ONE DAY.
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.
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
If you have an ongoing tax debt and the IRS feels that you’re not paying fast enough, the agency has the option of garnishing your wages. A wage garnishment (IRS Tax Levy) is simply a legal seizure of your wages (paycheck) so that the government can satisfy the outstanding tax debt. Typically, an IRS wage garnishment is very severe and only allows you to keep a small portion of your wages.
The IRS will an order to levy to your employer, and before the wage garnishment starts you’ll be asked to complete a garnishment form. You’ll have three days to determine how many tax exemptions you’re allowed to take, and it is these exemptions that will determine how much money you get to keep for living expenses. If you don’t complete the form in time, the IRS will proceed in a manner that works for them. With every paycheck, a portion will go to you and the rest will go to the IRS.
THE TAX PROFESSIONALS AT FLAT FEE TAX SERVICE ROUTINELY HAVE AN IRS GARNISHMENT STOPPED AND RELEASED IN ONE DAY.
If you are facing wage garnishment (IRS Tax Levy), you owe it to yourself to consult with the tax professionals at Flat Fee Tax Relief. When you meet with us, we’ll ask you several questions, such as:
Were your wages garnished while you were in bankruptcy?
Did the IRS send you proper notices?
Have filed all of your tax returns?
Has the Statute of Limitations on the collection expired?
Do you have a spousal defense?
These are just a few of the reasons why the IRS might choose to stop and release the wage garnishment. There are other circumstances and options available to you as well. This is why you should meet with an experienced tax professional, who has has a track record, to discuss your particular tax problem and all of the tax relief options available to you.
The most important thing to remember is that if you do not have to live with an ongoing wage garnishment (IRS tax levy). A tax garnishment doesn’t have to be as crippling as the IRS wants it to be. True, out of all your creditors, the IRS is legally allowed to take the largest portion of your wages. And, unlike other creditors, it doesn’t have to go to court to get a judgement before doing so. Working with Powell Tax Law, you can work out a tax settlement or at the very least a installment agreement with the IRS so that if you must live under wage garnishment, you can still have a life.
I am Dave Rosa. It is always my pleasure and my duty to provide everyone who calls in, to provide a comprehensive and realistic evaluation of your tax problems.
Still, the best way to deal with wage garnishment is to avoid it altogether. The tax professionals at Flat Fee Tax Service can represent you when the prospect of garnishment is still only a threat or is actually an order to levy. All the possible alternatives to wage garnishment – bank loans, collection delays, payment plans, offer in compromise (IRS settlement) – have one thing in common: they are negotiated by people who understand the system. If you’re not that person, you need professional help. Remember, the IRS has the right to take other property such as your bank account and other assets to satisfy an outstanding tax debt. Let out team of professionals represent you so you can make other arrangements.
FLAT FEE TAX RELIEF –FLAT FEE TAX SERVICE 1-866-747-7435
What to Know About Tax Levies and Garnishment in San Diego
If you owe back taxes to the IRS or Franchise Tax Board (FTB), your income,your wages and assets (bank account), including real and personal property, can be pursued by the taxing authorities as a means of collecting the tax liability.
FLAT FEE TAX SERVICE CAN HAVE YOUR WAGE AND BANK LEVY
STOPPED IN ONE DAY.
AFTER THE WAGE AND BANK LEVY HAVE BEEN RELEASED,
LET’S PUT TOGETHER YOUR TAX SETTLEMENT.
What is a Bank Levy and Wage Garnishment?
The IRS has the authority to collect unpaid taxes by issuing a wage garnishment to your employer or a bank levy to one or more of a taxpayer’s bank accounts. The tax levy can attach to money within a savings account, checking account, retirement account, and other accounts, such as brokerage accounts. The IRS or state taxing authority may also issue a tax levy notice to your employer, resulting in an ongoing wage garnishment until the levy is either satisfied or released. Wage levies and bank levies are legal orders that recipients must comply with.
This can easily happen: the IRS is levying my bank account and issued a wage garnishment to my employer. What can I do?
Most bank and wage levy actions are taken by the Internal Revenue Service in an effort to grab the attention of the debtor taxpayer. If you receive a wage garnishment on your income or a tax levy at your financial institution, be sure to contact an experienced tax professional to prevent further enforcement actions.
The tax professionals at Flat Fee Tax Service provide valuable IRS Tax Debt Help at a very affordable fee. Our teams are located in San Diego, CA and Clearwater, FL. It is our duty, my responsibility as well as my pleasure to provide you with a thorough and complete consultation. Our conversation will take 20 to 30 minutes.
If you have a tax levy and/or wage garnishment in the San Diego, California area, give our team of tax professionals. Flat Fee Tax Service routinely has bank levy and wage garnishment stopped and released in as little as one day.
FLAT FEE TAX SERVICE – FLAT FEE TAX RELIEF 1-866-747-7435
Flat Fee Tax Service has been the nationwide leader in having an IRS levy stopped and released. Usually it takes a matter of a few hours to accomplish an IRS levy release.
The IRS tax relief team at Flat Fee Tax Service has helping struggling taxpayers worldwide. We have clients who live throughout the world but they share a common problem. They all have an IRS tax debt that they cannot re-pay. It does not matter where you live, Flat Fee tax Service can and will help you.
Can You Get An IRS Levy Release?
It is possible to get an IRS Levy Release, but it requires following a stringent set of guidelines. Here’s how to get an IRS Levy Release.
An IRS Levy is the legal seizure of property, bank accounts, or wages that you own in order to pay your IRS tax debt. In a moment we’ll get to what needs to happen in order to get a release of a levy.
It’s important that you know that the best way to deal with an IRS levy is to not get one in the first place. If you haven’t yet received an IRS Notice of Intent to Levy, then you still have time to negotiate with the IRS and avoid an IRS levy on your wages or bank accounts.
Many struggling taxpayers are unable to pay their tax debt. You do not want an IRS levy.
If you’ve already received a notice of intent to levy from the IRS, then the time to act is right away. It is possible to get the IRS to release the levy, but you only have 30 days to file the paperwork and you have to prove that the tax levy is an immediate economic hardship. You should not try and negotiate a release of an IRS levy.
Professional IRS representation will be your best chance of obtaining a levy release.
Stopping and releasing your IRS levy is only the first (1st) step. You should be looking at settling your IRS tax debt through the Offer in Compromise program. Get yourself a Fresh Start.
If you owe the IRS money or have gotten notice of a levy, call our experienced tax law consultants (IRS tax relief team) at 1-866-747-7435.
The tax professionals at Flat Fee Tax Relief provide valuable IRS tax debt help at a very affordable fee. Our teams are located in Clearwater, FL and San Diego, CA. Our tax professionals routinely have an IRS tax levy stopped and released in one day.
Stopping an Income Tax Levy and keeping your paycheck or Social Security is only the 1st step in receiving the tax relief that you need.
In the economic times that we are enduring, more and more people are finding it difficult to meet their daily expenses, never mind attempting to pay their back tax. More and more people have had to resort to dipping into their 401K Plans to meet their everyday expenses, thus creating a tax problem. The equity in your homes has evaporated.
THE OFFER IN COMPROMISE PROCESS
Not everyone is qualified & eligible to settle with the IRS through the Offer in Compromise program. But every day, more and more people are becoming eligible because of our economy.
One of three conditions must be met to qualify a taxpayer for an IRS Offer in Compromise / IRS Settlement:
1.Doubt as to Collectability – If you do not have the ability to pay your tax debt and are having a difficult time with ordinary expenses, this is where you are.
2. Doubt as to Liability – You most likely will not fall into this category.
3. Effective Tax Administration – If you have some equity in a home or other asset and you are elderly, on Social Security or Social Security Disability, you would be in this category if not Doubt as to Collectibility.
If you qualify for the Offer in Compromise program with the IRS, you can save thousands of dollars in taxes along with the penalties and interest. Taxpayers can have a negotiated settlement on all types of taxes, including most payroll taxes, penalties, and interest. It is the closest thing to amnesty that the federal government offers in connection with back tax debt.
During the Offer in Compromise negotiation:
The IRS will not execute an IRS Levy/ Tax Levy against the property or rights to property of a taxpayer who submits an Offer in Compromise (OIC).
The IRS will not collect the liability that is the subject of the Offer in Compromise during the period the Offer in Compromise is pending.
The IRS will not proceed with collections for 30 days immediately following the rejection of the IRS Offer in Compromise, and for any period when a timely filed appeal from the rejection is being considered by Appeals.
Once the IRS decides that your Offer in Compromise is processable and that the IRS settlement includes all the paperwork properly filled out, the IRS must stop a Tax Levy / IRS Levy / IRS Bank Levy actions under §6331.
Presently, the IRS is taking approximately 303 days to process an Offer in Compromise. This information is from our latest dialogue with the IRS. Your Tax Debt will essentially be “tied up” for approximately 1 year before a resolution is decided.
If you are not qualified and eligible for an Offer in Compromise, Flat Fee Tax Relief will let you know immediately during our consultation. There may be other avenues available to you to reduce your Tax debt which may include Penalty Abatement, amending your tax returns or filing all of your unfiled tax returns.
Flat Fee Tax Relief is flattered that we are often imitated and that our name is often used by our competitors on their Web sites and advertising. We appreciate that imitation is the sincerest form of flattery.
Flat Fee Tax Relief must be doing something right to have so many imitators.
Why Flat Fee Tax Relief? Because we deliver:
Lower fees and higher value for our clients
Personal service and attention you deserve
Integrity and credibility always
Satisfaction and results for our clients
Fixed with no hidden charges
Payable in monthly installments
Low initial payment to begin work
It is our duty and pleasure to provide you with clear, precise concise consultation. Our conversation will take approximately 20 to 30 minutes.
Call 1-866-747-7435 for details.
At the end our conversation you will be completely informed. You will be armed with all of your options and what your expectations should be.
The “stop the Tax Levy & petition an Offer in Compromise” Hot-line:
Flat Fee Tax Relief makes it difficult for our imitators to beat our pricing. No one can beat our quality, value & integrity. Give our team a call: 1 – 866 – 747 – 7435