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.

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.