Wednesday, September 28, 2011

Release Of Levy – Killer IRS Collections

Release Of Levy – IRS Wage Levy Removal

Don’t believe guarantees of wage levy releases. Wage garnishments are made because you didn’t resolve your past due balances with the IRS. Releasing your wages from a levy is not a specialty that requires specific knowledge. Your history is on the IRS record of account. All delinquent returns must be filed. Payment arrangements must be made on the amounts owed. This is what releases a levy.

Each case is different. Some IRS employees will release a wage levy with a promise to provide financial statements and back up information. Some will not start the release of levy until they get the information. Some revenue officers will not release your wages until after they review your documents. Yet some revenue officers won’t release it until after they approve the agreement. But… It will always get released once you are in compliance and request the release.

Quick Wage Levy Release

Most tax representatives will get your release of levy sooner than later. So it’s not a great accomplishment to do it. So why have a guarantee that it will be released? Of course it will be released. Some where along the road to compliance. Probably once the IRS employee believes you will be in compliance and you are suffering a hardship.

Someone guaranteeing a release of levy may be motivated to just tell the IRS what they want to hear to get the release. If they don’t follow up properly a levy can be put on lock! Often when someone owes money to the IRS a comprehensive approach is the best solution.

You may be able to get out of paying due to the expiration of the statute of limitation on collections. You may qualify for an offer in compromise. Returns may have to be redone for more deductions.

If you focus on undoing a wage levy you may miss the opportunity to save the most money!

Do you want me to release your wage levy within hours!? No problem hand me any unfiled returns, your IRS financial statements, and complete back up showing how much you can pay unless the IRS has you listed as a “tax protester”, there should be NO problem for me or any other practitioner to get you a wage levy release!

Notice Of Federal Tax Lien – Killer Guidance

Notice Of Federal Tax Lien – IRS Letter 3172

Letter 3172 will be sent to you when the Internal Revenue Service files a notice of federal tax lien for the tax that has not been paid by the taxpayer. If you are not in agreement with the content of the letter, then you can always send in your appeal within the period specified in the notice. You have thirty days from the date of the letter 3172 to file the appeal. What you are appealing is the lien. This is the IRS lien that is filed at the court house, and must be paid off prior to conveying title to your assets. This is not an appeal of the tax liability or collection action by the IRS collections employee.

When you look at the letter 3172, you will find information on how you can go about requesting the appeal. If you do not agree with the notice then it is important that you act immediately. Do not wait till the 30 days are almost up before sending your appeal. One appeal you may use is the ‘Request for A Collection Due Process Hearing’.

Many times, the recipient of the letter 3172 does not feel that they owe the money to the IRS. Please call us at 713-774-4467 and we will assist you with resolving your IRS situation.
If you do want to appeal the lien based on the fact that you do not owe the money in the first place, then you will need to convince the IRS re-open the issue. You could:
File an Offer in Compromise, based on Doubt as to Liability.

If the balance is from an audit, you can request Audit Reconsideration. It is important for you to remember to provide information not previously considered, with your Audit Reconsideration request.

Make payment for the balance outstanding in full, and then file a claim for refund. In case the IRS does not allow your claim, you can always appeal the claim decision.

The letter 3172 is generally sent to the address of the taxpayer by registered or certified mail.

The notice is going to include:
The tax balance that is due.
Provisions of IRC 6320.

Administrative appeals that the taxpayer can request for.

The right of the taxpayer to request a hearing within thirty days.

Getting professional help is always recommended. As an experienced CPA, with more than 25 years of IRS representation experience,I can tell you that many times, I thought the case would go my way based on what I believed were facts. I learned over the years that the IRS has their own way of interpreting information, regardless of what books I’ve read. Don’t fall for the same traps. I represent CPA’s and Attorneys too!

Tuesday, July 19, 2011

IRS Wage Levy?

In Need Of An IRS Wage Levy Release?

Don’t believe guarantees of an IRS wage levy release. Wage garnishments are made because you didn’t resolve your past due balances with the IRS. Releasing your wages from a levy is not a specialty that requires specific knowledge. Your history is on the IRS record of account. All delinquent returns must be filed. Payment arrangements must be made on the amounts owed. This is what releases a levy.

Each case is different. Some IRS employees will release a wage levy with a promise to provide financial statements and back up information. Some will not release the garnishment until they get the information. Some revenue officers will not release your wages until after they review your documents. Yet some revenue officers won’t release it until after they approve the agreement. But… It will always get released once you are in compliance and request the release.

Quick IRS Wage Levy Release

Most tax representatives will get your wage levy released sooner than later. So it’s not a great accomplishment to do it. So why have a guarantee that it will be released? Of course it will be released ; Some where along the road to compliance. Probably once the IRS employee believes you will be in compliance and you are suffering a hardship.

Someone guaranteeing a levy release may be motivated to just tell the IRS what they want to hear to get the release. If they don’t follow up properly a levy can be put on lock! Often when someone owes money to the IRS a comprehensive approach is the best solution.

You may be able to get out of paying due to the expiration of the statute of limitation on collections. You may qualify for an offer in compromise. Returns may have to be redone for more deductions.

If you focus on undoing a wage levy you may miss the opportunity to save the most money!

Do you want me to release your wage levy within hours!? No problem hand me any unfiled returns, your IRS financial statements, and complete back up showing how much you can pay unless the IRS has you listed as a “tax protester”, there should be NO problem for me or any other practitioner to get you a IRS wage levy release!

IRS Levies

Joe Mastriano’s sites will help you weed out people who are scam artists, and others who fraudulently represent taxpayers.

IRS levies is the action of taking an asset (property, bank account, wages, social security etc.) to satisfy the payment of a debt .

A subordination is the process of getting IRS to allow another creditor a higher collateral security position in your assets.

If you receive a levy notice, don’t hesitate to follow the procedures and contact the issuer to resolve the matter.

The IRS is entitled to file a lien and protect their interests against you. They can sell the property to a third party. For the most part there isn’t much you can do about it. The IRS maintains that it has a right to protect their interests.

I may be able to help you solving lien, levy, and subordination problems. Call me now at 713-774-4467!

Removing IRS Levies

IRS levies will be removed from if you can convince the collection employee that you are taking steps to be in full compliance. This means that returns and collection statement information is being prepared and will be given to them by the agreed upon due date.

Sometimes you need to file returns and/or collection statement info before a levy is released. Sometimes, an IRS employee, after reviewing the financial statement information and he is not satisfied with the evidence shown, might decide to set up an agreement first. If that will take too much time and checks will bounce, or your about to lose most of your wages, then it will be necessary to prove hardship to speed up the removal of the levy you struggle with.

Struggling with IRS levies? Contact us today to see how we can help!

IRS Bank Levys And Liens

Joe Mastriano’s sites will help you weed out people who are scam artists, and others who fraudulently represent taxpayers.

A lien is a legal claim against real property filed in a county court house.

A levy is the action of taking an asset (wages, bank account, etc.) to satisfy payment of a debt.

A subordination is getting the IRS to allow another creditor a higher collateral security position in your assets.

If you get a bank levy notice, follow the procedures for contacting the issuer and resolving the matter.

The IRS will file a lien to protect their interests against you selling the property to a third party. For the most part there isn’t much you can do about it. The IRS maintains that it has a right to protect their interests.

I may be able to help you solving lien, levy, and subordination problems. Call me now at 713-774-4467!

Removing IRS Liens

The IRS Pub 764 incorporates detailed information regarding the application for a lien subordination. Do a Google search and download a copy. It has a great section on how to prepare the application and what to do afterward.

Reasons the IRS will give you a subordination:

a) You can offer approximately 3 times the value of your liability as collateral, or you can buy an insurance bond for approx. 3 times the liability.
b) You can show that it will be easier for the IRS to collect more money by doing the subordination, like getting all the proceeds on the sale of your house, for example.

When I represented my clients, I have received approval for several lien subordinations, depending on the circumstances. The following points should be helpful for your success.

Tuesday, June 28, 2011

IRS Liens And Killer Tax Advice

A lien is a legal claim against real property filed in a county court house.

A levy is the action of taking an asset (wages, bank account, etc.) to satisfy payment of a debt.

A subordination is getting the IRS to allow another creditor a higher collateral security position in your assets.

If you get a levy notice, follow the procedures for contacting the issuer and resolving the matter.

The IRS will file a lien to protect their interests against you selling the property to a third party. For the most part there isn’t much you can do about it. The IRS maintains that it has a right to protect their interests.

I can be of great help resolving lien, levy, and subordination problems. Call me now at 713-774-4467!

Removing IRS Liens

A good source for detailed information for a lien subordination is IRS Pub 764. Do a Google search and download a copy. It has a great section on how to prepare the application and what to do afterward.

Reasons the IRS will give you a subordination:

  • a) You can offer approximately 3 times the value of your liability as collateral, or you can buy an insurance bond for approx. 3 times the liability.
  • b) You can show that it will be easier for the IRS to collect more money by doing the subordination, like getting all the proceeds on the sale of your house, for example.

I have received approval for several subordinations depending on the circumstances. The following points should be helpful for your success.

You should acknowledge that you could and probably should have stopped this much earlier in the collection process. Understand that the IRS is not going to be sympathetic to your concerns about how tough it will be to successfully conduct your business. The IRS puts a lien on to protect them against 3rd party creditors getting your assets before they do. So why would they be willing to give up their creditor protection? Their general policy is not to remove or subordinate IRS tax liens (or levies) unless you fit one of their acceptable categories.