Effective Strategies: How To Stop Irs Tax Levy And Garnishment

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Has the IRS placed a Tax Levy on your Bank Account or filed a Wage Garnishment?

Get your levy released and your case settled at the same time! We know the system.

Have our Former IRS Agents STOP THE LEVY!   We can also settle your case so you can be worry-free today.

We taught Tax Law at the IRS and know all the techniques to get your levy released and your case settled.

But, What is a Tax Levy?

The term “tax levy” may sound daunting, but it’s important to understand what it all entails. A tax levy is a common practice used by the IRS to collect unpaid taxes. It gives them the legal authority to seize assets, such as property or bank accounts, from businesses or individuals who have not paid their tax obligations to the federal government. The IRS can take possession of various types of assets, including real estate and bank accounts, until the tax debt is fully satisfied.

Tax levies are a last resort for the IRS when other collection methods have failed. While it’s not a situation anyone wants to find themselves in, it’s crucial to understand how a tax levy works in order to know how to stop an IRS levy. Taking immediate action is of utmost importance if a tax levy is issued against you.

Wage garnishment can also be a scary possibility, and some people often wonder about how to stop IRS wage garnishment.  There are ways to stop it through various means. You can reduce or stop wage garnishment with payment plans, hardship exemption requests, or even filing for bankruptcy.

If you received a notice of levy, you will have a short period of time to respond before the IRS enforces it. The notice will outline which assets are being targeted and how much tax you owe. Facing an IRS levy can be nerve-wracking, but it’s important to know your rights and responsibilities. If you need help resolving your levy issues, we can help. Contact us for your FREE 30-minute consultation so we can help you get to work on resolving your levy issues quickly and efficiently!

Understanding an IRS Tax Levy

Understanding a tax levy issued by the IRS can be a complex and concerning matter that can have a significant impact on your finances. It’s crucial to have a clear understanding of what a tax levy entails and how to effectively stop it.

In essence, a tax levy is initiated when the IRS seizes assets you own in order to satisfy an outstanding tax liability. This means that the IRS may have access to your real estate, bank accounts, and other assets, which can be a distressing situation to be in.

However, there is still good news. However, there is some good news. The IRS typically does not resort to a tax levy as the first step. They usually initiate the collection process by sending notices and demands for payment, or by offering options for settling the tax debt through IRS tax relief programs. Only when these attempts are unsuccessful, a tax levy may be imposed as a last resort.

The IRS calculates the outstanding debt and sends the taxpayer a “Notice and Demand for Payment” outlining the amount owed. If this notice is not followed, the IRS may send two additional documents – the “Final Notice of Intent to Levy” and the “Notice of Your Right to a Hearing” – approximately 30 days before a levy is actually issued. It’s important to take action to stop a tax levy as soon as possible. Let’s know your concerns and we can assist you in resolving your levy issues promptly during times of distress.

If you’re experiencing the stress of a tax levy, don’t hesitate to contact us for immediate assistance. Schedule your FREE 30-minute consultation and let us help you to get the levy release issued.

How Can I Stop an IRS Tax Levy?

Many of you seem perplexed by the question of how to avoid an IRS levy. It’s crucial to consider paying off any back taxes as a proactive measure. Resolving your outstanding tax debt before the IRS has the authority to issue a tax levy is always a wise decision. The IRS typically only removes a levy after the debt amount is fully satisfied and paid in full. If you’re still wondering how to stop it, let us provide you with a comprehensive overview!

If you’re currently facing an IRS tax levy and want to prevent the seizure of your assets, taking immediate action is essential. In some cases, the IRS may even send you a Notice of Intent to Levy. Here are some methods that can help you stop an IRS tax levy:

  1. Contact the IRS: The first step is to proactively contact the IRS to explore the options available to you. The IRS is often willing to work with taxpayers to establish a payment plan or negotiate a settlement.
  2. File Collection Due Process Hearing (CDP):If you believe that the levy is unfair or incorrect, you have the right to file for a CDP. This will allow you to appeal and present your case to an independent arbitrator.
  3. Offer in Compromise (OIC): This is an agreement between you and the IRS to settle the tax debt for an amount less than the original owed. It can be a suitable option for those who are unable to pay the full amount, allowing them to pay the debt in installments or as a lump-sum payment.
  4. Consider Filing Bankruptcy: Filing for bankruptcy may result in the dismissal of some or all of your tax debt by the IRS. However, this is a serious decision that should be made after thorough consultation with a qualified tax professional.

Working with an experienced and qualified tax professional can greatly simplify the process of obtaining an IRS tax levy release. Don’t delay, take action to stop the IRS today! Book a consultation with us and let our team of experts work on your behalf.

Get your FREE 30-minute Consultation Now!

IRS Levy Release and Removal

If you’ve received an IRS levy, taking prompt action and exploring your options for removing the levy is crucial! If the IRS has placed a levy on your assets, you may be wondering how to get it removed or released. The good news is that there are several viable options, and we can expedite the process of obtaining a levy release for you! It’s important to understand that there are multiple ways to have a levy removed.

  • Payment Plan: One option is to negotiate a payment plan with the IRS. This allows you to make payments over a designated period of time and can also prevent future levies. However, to be eligible, you’ll need to demonstrate that you’re unable to pay the full amount owed upfront.
  • Offer in Compromise (OIC): An OIC is an agreement between you and the IRS to settle the debt for an amount less than the total owed. Understanding the intricacies of an OIC, with the assistance of tax consulting firms like ours, can be highly beneficial.
  • Currently not Collectible (CNC): If you’re experiencing financial hardship, you can request a Currently Not Collectible status. This status temporarily suspends any collection activity by the IRS until your financial circumstances improve.

It’s important to note that taking action as soon as possible is strongly encouraged in these situations. There are a variety of options available to you, and careful consideration of each is essential. With the right approach and expertise from our professional tax consultants, we can help you obtain a levy release and have the levy removed efficiently!!

Hiring a Professional for Levy Release Assistance

Are you in need of professional help with an IRS levy release? Dealing with an IRS levy can be complicated and disruptive to your financial peace. It can quickly become overwhelming and messy. When you find yourself in distress and need a solution, seeking professional assistance can be your best option!!

Professional assistance is crucial when facing an IRS levy as it can save you both time and money. Avoiding costly mistakes is essential in today’s complex tax landscape. Our professional tax resolution services can guide you through the intricacies of tax laws and regulations, providing you with the expertise you need to successfully release your levy. It’s important to ensure you’re looking in the right place to stop levy.

Contacting us today will allow you to learn more about our services and the proven processes we follow to help release your levy and resolve any tax issues you may be facing. Let us assist you in getting your finances back on track and moving forward with confidence. Don’t let the IRS disrupt your finances. Contact us now for your FREE 30-minute consultation and get professional help with your tax situation today!

Steps

We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to the Internal Revenue Service again.

1

We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can — and many times will — refuse to work your case.

2

We will pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are experts in tax reconstruction.

3

The IRS requires a current financial statement. We will secure a required 433-F or 433A (IRS financial statement). We will verify the income and expenses and work out a settlement agreement. The IRS will always require a closing settlement method for each case.

4

We will review with our clients how they want to settle their case. We get them an agreement based on their current financial needs. You will get the absolute best deal allowed by tax law.

5

A levy release is a valuable option for those experiencing financial strain due to an IRS levy. This can include options such as Offer in Compromise or Payment Agreements to help stop levy. Our team of former IRS agents and group managers have extensive knowledge and understanding of the IRS system, making us well-equipped to assist you. Seeking expert help in these cases is wise, as working with the IRS can be complex. Why not work with someone who knows the ins and outs of the system? Consider getting help today by contacting us for your FREE 30-minute consultation!

Frequently Asked Questions

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IRS notice got you stressed?
Don't sweat it. Millions of Americans got them.
Decode the notice: We explain what it means, plain & simple.
  • Find your best path: Unfiled returns? Payment options? We'll explore everything.
  • Handles the IRS for you: Relax, we'll deal with them directly.
Stop the worry, start the relief !
We can help!
IRS notice got you stressed?
Don't sweat it. Millions of Americans got them.
Decodes the notice: We explain what it means, plain & simple.
  • Find your best path: Unfiled returns? Payment options? We'll explore everything.
  • Handles the IRS for you: Relax, we'll deal with them directly.
Stop the worry, start the relief !
We can help!