Your Best Bet Is This: Avoid An IRS Levy To Begin With
The IRS Tax Attorneys at Flat Fee Tax Service, Inc. can obtain a release of an IRS levy. Avoiding an IRS levy is a much better strategy. The IRS will negotiate with taxpayers – the key is to maintain the lines of communication. And if your tax problem is complex, you don’t have to and shouldn’t go it alone. The experienced IRS Tax Attorneys at Flat Fee Tax Service, Inc. is available to help you deal with the IRS.
IF YOU DECIDE TO PROCRASTINATE, HERE IS WHAT YOU FACE WITH AN IRS LEVY:
When the IRS issues a Notice of Intent To Levy”, the IRS intends to levy and seize your assets. You have 30 days to challenge the tax levy to attempt tax resolution or pay the amount due.
If you cannot pay your tax debt in full before the IRS is scheduled to seize your assets, you may be able to remove the IRS levy anyway with proper tax resolution by setting up an installment plan with the IRS or by making other arrangements. But the best course of action is to work out a mutually agreeable solution with the IRS – and avoid the IRS levy altogether.
Stop An IRS Levy – IRS Wage Garnishment In One Day
The Best Ways to Release a Tax Levy:
(a) Pay Your Tax Debt in Full
(b) Enter an Installment Agreement
(c) Demonstrate Undue Hardship
(d) File an Offer in Compromise (OIC)
(e) Negotiate a Release of the Levy
(F) Pay Your Debt in Full
An IRS Levy serves one purpose: to allow the IRS to collect the money that you owe for a tax debt. Therefore, if you can raise the cash to pay your debt in full, including penalties and interest, within a reasonable period (up to 120 days), the IRS will release its levy immediately. Such agreements can be negotiated by telephone, in person or by mail.
Enter an IRS Installment Agreement:
You may negotiate an IRS installment agreement by filing Form 9465, Installment Agreement Request, available through the IRS.gov website. Negotiating an installment agreement will also release an IRS levy immediately.
The IRS charges a standard installment agreement user fee of $120 to establish an installment plan. Taxpayers who elect to pay installments through direct debit are charged an installment agreement user fee of $52.
Demonstrate Undue Hardship:
The IRS may also release an IRS levy if following through would deprive you of the means to provide for your basic necessities. You must generally provide financial information to the IRS in order to demonstrate undue hardship. You may provide such information to an IRS agent by telephone or in person or by filing an Offer in Compromise or in hard copy form mailed to the IRS.
If you lack the means to pay at all, you may be placed in Currently Not Collectible status. You may remain in Currently Not Collectible Status indefinitely, but you must undergo reevaluation of your financial circumstances every year. If you remain in Currently Not Collectible Status long enough (generally 10 years), the statute of limitations may run out and your tax obligation would be forgiven.
File an Offer in Compromise – IRS Settlement
You may also obtain a release of an IRS levy by filing an Offer in Compromise (OIC). Call our team today and find out if you qualify to settle with the IRS.
Negotiate a Release of the IRS Levy:
THE IRS TAX ATTORNEYS AT FLAT FEE TAX SERVICE WILL STOP AN IRS LEVY IN ONE DAY.
Yes, on your own, you may be able to negotiate directly with a field agent to have your IRS levy released. Telephone IRS agents generally do not have the authority to release levies, but field agents often do.
If you demonstrate to the IRS that you will be more likely to be able to pay the tax you owe or if you wish to sell real estate or some other valuable asset, but cannot do so while the IRS levy is in place, you may request a levy release. In such cases, the understanding is that you will apply all or part of the proceeds of the sale to pay your overdue tax debt.
Additional Tips to Release an IRS Levy:
File a Collection Due Process or Collection Appeal Request.
The Collection Due Process and the Collection Appeal Process allow you to appeal a tax levy, which releases the levy while your appeal is being considered. You may represent yourself or be represented by an attorney, a certified public accountant or individual who is enrolled to practice before the IRS. The Collection Appeal Process generally provides quicker decisions than the Collection Due Process, but you cannot dispute the results of the Collection Appeal Process in court.
Show that the Statute of Limitations Has Run Out.
The IRS only is only allowed to pursue taxpayers for their tax obligations for a limited period of time. If you can demonstrate that the statute of limitations had expired before the IRS filed its tax levy, you are off the hook. But calculating the statute of limitations accurately can be tricky, because of certain actions, such as spending extended periods outside the country, stop the clock on the statute of limitations. Determining whether the statute has run on your tax levy is a task definitely left to the experts.
Stop An IRS Wage Garnishment:
Can you afford to live on 50% of your paycheck? Of course, you can’t. Who could? When the IRS has failed to collect back taxes, the IRS will begin to seize assets. If phone calls and letters are not returned, they will take the next step. This process is called an “IRS levy”. The IRS is legally allowed to seize your bank accounts, demand payment from accounts receivable, take control of the property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.
An IRS wage garnishment is the ultimate IRS levy because though the seizure of assets from your paycheck is an ongoing process. If the IRS levy on your wages is removed through tax resolution, the IRS wage garnishment will be stopped.
An IRS Levy (IRS wage garnishment) can be the most stressful and humiliating of all collection tactics. The IRS will do this to force taxpayers into forced compliance. Our team of IRS Tax Attorneys will be able to release your wages from garnishment and stop the IRS levy. Flat Fee Tax Service, Inc. has been successful in getting an IRS Levy (IRS wage garnishment) lifted and stopped in one day.
FLAT FEE TAX SERVICE, INC. – Good People – Doing Great Work
Stop An IRS levy Today: 1-800-589-3078