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IRS Notice of Levy Help |Flat Fee Tax Service

What is a Notice of Levy? IRS Tax Levy?

An IRS Notice of Levy is a letter sent to taxpayers who have not paid their back taxes and have an IRS lien placed against them. The IRS is notifying the delinquent taxpayer that they will begin collecting the debt using levy actions such as wage garnishment, property seizure, and bank account seizure. A notice of levy causes many problems for taxpayers. It means that the taxpayers’ accounts and assets may be frozen by the tax lien, which may prevent the possibilities of selling them or changing ownership of the items. The taxpayer only has 30 days in which to take care of the tax debt before the levy actions are taken. Failing to pay back the full amount of the debt after receiving an IRS notice of levy will mean that levy actions will start unless the necessary steps have been taken.

It’s important to note here that a levy is a legal seizure of your assets to use towards a taxpayer’s outstanding tax debt. They’re different from a lien, as a lien is a hold on assets, while a levy will actually take them away from the taxpayer.

IRS Tax Levy - Tax Garnishment
IRS Tax Levy – Tax Garnishment

What Actions Will the IRS First Take Before a Notice of Levy is Issued?

The IRS will do a series of actions before resorting to sending a notice of levy. First, the IRS will have assessed your account, decided that you have a certain amount of tax debt to pay, and then they will send you a notice that demands immediate payment. This is a tax bill. The IRS expects to be paid upon receipt. If the taxpayer neglects to pay the amount issued, then the IRS will send a final notice of intent to levy accompanied by a notice of your right to hearing. The IRS must also include an explanation for the issuing of the tax levy, the process in which the levy happens, and the alternatives the taxpayer has when dealing with enforcement. These documents are released thirty days prior to the levy being issued, allowing the taxpayer a month to respond promptly. These ‘before’ notices will be sent via certified mail and or delivered at the address the IRS has on file. In some cases, the IRS will hand deliver the notice to the taxpayer.


IRS Tax Levy - Tax garnishment
IRS Tax Levy – Tax Garnishment

When Will a Tax Levy Be Issued?

Simply stated, when the IRS has witnessed enough noncompliance and they decide it’s time for enforcement. This means that the taxpayer has not paid their taxes nor have they taken the proper steps to make arrangements in doing so. The IRS will then take severe collection action and issue a tax levy against assets you own or that others do (for instance your wages are taken from your employer).

What Can a Levy Be Issued Against?

There are quite a few of item of value the IRS can levy once the notice has been delivered and there has been no correspondence within thirty days. In terms of what the government can legally take from a delinquent taxpayer, this will give you an idea:

Tax Garnishment – Garnish Wages

The IRS will order your employer garnish your wages and issue them towards your tax debt rather than to you personally. Depending on the severity of your tax levy, this tax garnishment is continuous. The tax levy will stay in place until your tax debt is paid in full or it is released and stopped.

Contractor or Vendor Payments

The IRS has all your information. When an IRS Revenue Officer is on the case, they can reach out to third parties who owe the levied taxpayer money and demand these payments are sent to the IRS instead.

OPM Retirement Benefits, SSA Benefits, Employee Travel Advances

The IRS also has the power to take these perks from you and use them towards the entirety of your tax debt owed.

IRS Tax Levy – Bank Accounts Levies

In the worst case scenario, the IRS can put a tax lien on your bank account and lock it from you. After twenty-one days, they can then demand that whatever money in your account is transferred directly to the IRS.

Commissions

Depending on the situation, if the taxpayer is going to be receiving commission from a certain project or legal endeavor, then the IRS will take action and claim the commission to help satisfy tax debt.

Property – Rental Income

Any piece of property that the taxpayer owns which could help satisfy their tax debt. This starts with a home and can go all the way to toy vehicles that could be used to satisfy a tax debt. Any piece of property that the taxpayer owns which the IRS considers valuable, they can levy and use towards the outstanding amount owed. Should you have rental income, the IRS can order every tenant you have to pay them instead of you.

Anything of Value

Truthfully, when the IRS has decided to take action, it’s possible that they can levy anything the taxpayer owns and use it towards the tax debt. Even possessions or holdings that are not considered assets to the taxpayer could be levied and used to resolve the amount owed.


Offer in Compromise
Offer in Compromise – Tax Settlement


What to Do Once You Receive the Intent to Levy Notice?

The obvious way to avoid having your assets seized and penalties added to your account would be to pay off your tax debt. If you are here and reading our information, paying your tax debt probably isn’t feasible. Listed below are payment programs tailored towards taxpayers that are not in the financial situation to pay off their debts. The two main alternatives being an installment agreement and an offer in compromise.

Installment Agreement

This is basically a payment plan similar to the way one would pay off a loan. Depending on what is agreed between the taxpayer and the IRS, the taxpayer will then be put on a monthly installment plan and pay off their debt in increments. An IRS Installment Agreement will last anywhere from 3-6 years. Again, depending on what is agreed, it is possible that through this payment plan the taxpayer will end up paying a larger amount in interest.

Offer in Compromise – Tax Settlement

An Offer in Compromise is a tax settlement between the IRS and the taxpayer for an amount equal to less than what is owed. Due to the IRS not wanting to implement a forgiveness policy for all those who cannot pay their taxes, eligibility has requirements. The taxpayer needs to meet very specific criterion and must prove to the IRS that there is no possibility that they could pay the tax owed. The IRS, usually coordinating with a tax professional representing the delinquent taxpayer, will come to an agreement on how much is owed and will settle with one lump sum payment.

IRS Final Notice of Intent to Levy

The IRS will levy your assets is a tax garnishment is something a taxpayer wants to avoid at all costs, it’s important to consult a tax professional. They will assess your situation and help you not only plan a course of action, but detail exactly what sort of aid you’re eligible for. If the IRS is going to levy a taxpayer’s assets, then something has gone seriously wrong. It’s important to find the type of help that will make sure they can at least mitigate the situation and avoid further penalties.

At the very least, correspondence is huge. Go ahead and open your mail. “Being forewarned is being forearmed”. By just ignoring the IRS, the taxpayer is not only being delinquent, but they’re also giving the IRS means to take action. It’s important to reach out to them and even if you do not know how to explain that you are trying to assess the situation and find alternatives that could settle the debt.
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The IRS Tax Attorneys at Flat Fee Tax Service are capable in some circumstances of preventing an IRS levy from taking place after a taxpayer has received an IRS notice of levy. In some cases, there is not enough time or circumstances prevent this type of action from taking place. In other cases, our tax professionals can work with a client and the IRS agent to enter into a successful tax relief option that prevents, stops and releases the levy.


How Can Flat Fee Tax Service Help Me?

Because of how financially devastating an IRS Notice of Levy can be to a taxpayer, immediate action is required to ensure that enough time is available to take the necessary steps to have the tax levy stopped and released.

Contacting the tax professionals at Flat Fee Tax Service, Inc. as quickly as possible after receiving the tax levy notice could be the difference between an IRS garnishment on your wages, or getting your tax debt settled. In some cases, it may already be too late but we hope not.

STOP AN IRS TAX LEVY – IRS GARNISHMENT IN ONE DAY.

Call now for more information about an IRS levy and speak with one of our tax professionals today: 1-866-747-7435.

IRS Garnishment – IRS Tax Relief

The IRS has the power to garnish, levy or legally seize any income you make to satisfy federal tax debt or taxes owed. IRS Garnishments can apply to your hourly wages, salary, commissions, and bonuses. The IRS will contact your employer directly, serve the IRS garnishment and require your employer to directly send the IRS a portion of your income. Your employer is required by law to comply with the IRS garnishment, typically within one full pay period of receiving the notice from the IRS. The difference between the IRS and most creditors, however, is that the IRS does not need to take you to court to get a judgment in order to garnish your wages, and the IRS can garnish more of your wages than a regular creditor can garnish.

The IRS Garnishment Process

When the IRS seeks an IRS garnishment on your wages for a tax debt that you owe, or use any other legal means to enforce payment of the tax debt that you owe, it will first send you a written notice that sets out the amounts that you owe, including the tax, penalties, and interest. This IRS garnishment notice should also provide you with a due date by which you must pay the balances in full. Assuming that you do not pay the balance in full, you later will receive another notice, entitled “Final Notice of Intent to Levy,” Once thirty days have passed from the time you have received the final notice, and you still have failed to pay the balance due, the IRS can proceed with the IRS garnishment of your income.

The Amount that an IRS Garnishment Can Garnish From Your Wages

The law places limits on the amount that a regular creditor can garnish from your wages. However, these normal limits do not apply to the IRS. Rather, the tax code requires the IRS to leave you with a certain amount of income after the IRS garnishment is enforced on your wages to pay your tax debt. The tax code contains a table that corresponds to the number of exemptions that you claim for tax purposes and sets forth the amount that is necessary for you and your family to pay for basic living necessities. Unfortunately, a garnishment by the IRS can amount to 70% or more of your income.

Stopping an IRS Garnishment

There are a number of different ways in which you can resolve your problem with the IRS. In order to avoid or stop a wage garnishment, you must get back into good standing with the IRS, either by paying your balance in full or entering into a tax payment plan or some other type of resolution.

You Could Enter Into an IRS Installment Agreement

The IRS will stop an IRS garnishment if you enter into an approved installment agreement to pay your tax debt in full over a series of monthly payment installments. As long as you can make the monthly payments and pay off the debt before the debt becomes uncollectible by the IRS, your installment agreement is likely to be accepted by the IRS.

Do An Offer in Compromise

If you qualify and are eligible for an Offer in Compromise, you can settle your debt with the IRS for less than the total amount that you actually owe, based on your financial situation. However, if you are facing an IRS garnishment, you may qualify for this type of IRS tax relief, and your IRS garnishment will stop while your case is being reviewed.

Stop an IRS Garnishment

Stop an IRS Garnishment and Get Happy.

The IRS has the power to enforce an IRS garnishment, levy or legally seize any income you make to satisfy federal tax debt or taxes owed. IRS Garnishments can apply to your hourly wages, salary, commissions, and bonuses. The IRS will contact your employer directly, serve the IRS garnishment and require your employer to directly send the IRS a portion of your income. Your employer is required by law to comply with the IRS garnishment, typically within one full pay period of receiving the notice from the IRS. The difference between the IRS and most creditors, however, is that the IRS does not need to take you to court to get a judgment in order to garnish your wages, and the IRS can garnish more of your wages than a regular creditor can garnish.

The IRS Garnishment Process

When the IRS seeks an IRS garnishment on your wages for a tax debt that you owe, or use any other legal means to enforce payment of the tax debt that you owe, it will first send you a written notice that sets out the amounts that you owe, including the tax, penalties, and interest. This IRS garnishment notice should also provide you with a due date by which you must pay the balances in full. Assuming that you do not pay the balance in full, you later will receive another notice, entitled “Final Notice of Intent to Levy,” Once thirty days have passed from the time you have received the final notice, and you still have failed to pay the balance due, the IRS can proceed with the IRS garnishment of your income.

Be Placed Into Currently not Collectible Status Due to Financial Hardship

If you can prove to the IRS that the IRS garnishment or other collection action would prevent you from meeting the basic needs of you and your family, then the IRS may temporarily cease its collections efforts for months and even years. In this case, you must show that collection of the debt would be unfair because your financial circumstances are so bad. The IRS will require financials.

You Could Change Employers

If you change employers, your IRS garnishment will not proceed, and it will only be a matter of time before the IRS once again tracks your new employer down and reissue a new wage garnishment. This is only a temporary solution, but it can give you a few months of relief. THIS IS REALLY NO SOLUTION.

Temporarily Quit Your Job

Once again this is not a real solution to an IRS garnishment. If your employer will allow you to temporarily quit your job for a period of time, and later return to work, then this tactic will slow down the IRS as well. It will take some time for the IRS  to discover that you have returned to work at the same employer and reissue a new IRS garnishment to that employer.

File a Tax Levy (IRS Garnishment) Appeal

If you disagree with the tax levy in any way, you can file an appeal, even if it has been more than 30 days since you received the notice of intent to levy.

If you can prove to the IRS that the IRS garnishment or other collection action would prevent you from meeting the basic needs of you and your family, then the IRS may temporarily cease its collections efforts for months and even years. In this case, you must show that collection of the debt would be unfair because your financial circumstances are so bad. The IRS will require financials.

 

 

IRS Wage Garnishment – “Wage Garnishment” Going Through a IRS Wage Garnishment and Need Advice?

IS THE IRS TAKING SOME (OR MOST) OF YOUR TAKE-HOME PAY BEFORE YOU CAN TAKE IT HOME? ARE YOU AFRAID THE IRS WILL TAKE YOUR PAYCHECK?

An “IRS Wage Garnishment” is an IRS tax collection tactic to intercept your money to pay your tax debt before you get a chance to spend it on something else.

There are two things you can do about an IRS wage garnishment:

1.Stop it from happening before it starts by contacting the IRS to resolve your tax problem; or

2.If the deductions have already started, let the IRS Tax Attorneys, at Flat Fee Tax Service, Inc., stop your IRS wage garnishment.

Flat Fee Tax Service, Inc. is the nation’s leading full-service tax relief firm. IRS debt relief | tax debt relief help from our IRS tax attorney. IRS tax relief companies can negotiate installment agreements. IRS tax debt relief problems can be helped with hardship status and Currently not Collectible if you have the right information. Stop an IRS Wage Garnishment in one day.

HOW TO STOP AN IRS WAGE GARNISHMENT

The problem with an IRS wage garnishment is that until your tax debt is paid in full, the IRS has the power to leave you with very little money after they seize the portion of your wages to pay back taxes. Your employer has no power to stop the IRS from taking your paycheck. The best way to stop an IRS wage garnishment, or the threat of one, is to have our IRS Tax Attorney contact the IRS to resolve the back tax problem that triggers this harsh debt collection tactic.

Typically, Flat Fee Tax Service, Inc. can get an IRS wage garnishment stopped, or modified, within 24 hours once we are representing you.

It’s a good idea to look for a permanent solution to your back tax problem because once the IRS has the IRS wage garnishment seizing your paycheck, a related tactic is seizing your bank accounts in a bank levy. The best IRS tax relief team at Flat Fee Tax Service, Inc. is here to help you.

If you call us, our team will explain to you the nature of your tax debt problem and the strategies you can use to resolve it permanently so it no longer threatens your economic life.

You may decide to ask us to resolve your problem for you; to deal with the IRS so you don’t have to – but that will be your decision to make after you clearly understand what we will do to help you, how we will do it and how much it will cost.

We Provide Nationwide IRS Tax Relief.

Whether or not you hire us, we will still give you a free consultation to frame your tax problem and suggest methods for resolving it permanently. Any and all conversations we have with you are confidential, whether or not we end up working together.

You have nothing to lose. Give our team a call and unload some of your worries.

FLAT FEE TAX SERVICE, INC. – Good People – Doing Great Work

FREE & CONFIDENTIAL CONSULTATION: 1-800-589-3078

http://www.flatfeetaxservice.net

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IRS Levy – Stop an IRS Tax Levy Fast

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 In One Day

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

http://www.flatfeetaxservice.net

http://www.flatfeetaxservice.us

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IRS Garnishment – Stop IRS Garnishment Today

STOP IRS GARNISHMENT

Can you afford to have the IRS enforce an IRS garnishment against you? Can live on 50% of your paycheck? Who can? When the IRS has failed to collect back taxes, they will begin to seize assets by enforcing an IRS garnishment. The IRS garnishment process is called a “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 your outstanding tax debt.

FLAT FEE TAX SERVICE, INC. WILL STOP AN IRS GARNISHMENT IN ONE DAY.

IRS garnishments on your wages/paycheck are another form of the tax levy, though the seizure of assets from your paycheck is an ongoing process. An “ongoing process” means that unless the IRS garnishment is stopped and released, the levy will continue until your entire tax debt is paid in full. If the levy on your wages is removed through tax resolution, the IRS garnishment will be stopped.

Since an IRS garnishment functions as a basic form of a forced, involuntary installment plan, they can sometimes be removed through tax resolution by setting up a regular and approved installment plan. Besides removing the burden from your employer and giving you the power to handle the payments yourself, an installment plan can often be set up with payments that are considerably less than the wage garnishment amounts. That is why this form of tax resolution is very common.

Tax Levies and IRS garnishments can be the most stressful and humiliating of all collection tactics. They do this to force taxpayers into willful compliance. The IRS Tax Attorneys at Flat Fee Tax Service, Inc. can release your wages from an IRS garnishment in one day.

Flat Fee Tax Service, Inc. is the leader in having an IRS garnishment stopped and released. Our Tax Lawyers have been successful in getting levies lifted and IRS garnishments stopped in a timely manner. We know your rights as a taxpayer and we are here to save your paychecks.

FLAT FEE TAX SERVICE, INC.

STOP YOUR IRS GARNISHMENT TODAY

1-800-589-3078

http://www.flatfeetaxservice.us

https://www.facebook.com/thebestirshelp

 

Stop an IRS Wage Levy/Garnishment in 1 Day

Our team of IRS Income Tax Relief Specialists built our reputation by having an IRS Wage Levy (wage garnishment) stopped and released in 1 (one) day. Whether you have unfiled, missing income tax returns or not, call our team of tax relief experts. Keep your paycheck. Save yourself from economic hardship. Get right side up with the IRS. Once your IRS Levy has been stopped and released, let our team find out if your income tax debt can be settled. Don’t sit on your hands. Be pro-active. Give us a call today.

Client Testimonial – Dallas Texas

I LUV you guys!!!
 
Thank you so much!
 
After my initial consultation with Dave, I did an exhaustive due diligence, contacting companies featured in ConsumerAffairs Best Tax Relief for 2016 and 10TopTenReviews 2016 Best Tax Debt Relief Services).  Not only did they not list their “flat fees” like you do, and for the reasons you stated on your website, but their quoted prices would have caused me even further economic hardship.  Also, every one of these naysayers claimed that is was impossible to have the levy released before my 02/05/2016 paycheck, plus cautioned me to be weary of any company that claimed they could.
 
After much prayer, I decided to listen to “that quiet voice” and go with your service.  I’m so relieved and elated that I chose wisely!  
 
If this is an indicator of the quality and speed of work you do, I am truly blessed and will gladly recommend you to friends, associates, and future clients. 
 
Now, with your assistance, I will have a “fresh start” and will from hence forth be able to “Give back to Caesar what is Caesar’s and to God what is God’s.” (Mark 12:17) 
 
Best wishes and continued success!