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Coast to Coast - IRS Help - Tax Debt Relief

San Diego, CA  - New Port Richey, FL ​

866-747-7435 / 866-929-7010 fax

Flat Fee Tax Relief 
Coast to Coast

IRS Help - Tax Debt Help

1-866-747-7435

daver@flatfeetaxrelief.net

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STOP AN IRS LEVY WITH A TAX SETTLEMENT

At least once a day a taxpayer calls in and asks our tax professionals how to stop or prevent an IRS levy. There are different ways to stop a tax levy, but one very effective way is to file an Offer in Compromise (tax settlement) so let's discuss that.

Here's What Our Tax Lawyers Can Do For You
​Tax Levy - IRS Levy 

Release and Remove in One Day

Did you know that an IRS Levy is different from a federal tax lien? 
 

Did you know that a tax settlement using the IRS Offer in Compromise program

will stop a tax levy?

A tax levy (IRS levy) will be ordered when the IRS actually takes enforcement action against you to seize your money. It usually comes at you as a seizure of your wages and/or bank account. The key difference between an IRS levy on your wages and a tax levy on your bank account is that the IRS levy that confiscates your paycheck is continuous, and by that, we mean that the IRS files the levy order one time.

The IRS sends tax levy to your employer, and then the Agency will get a "large chunk" of your paycheck every time you get paid. This very unpleasant experience will continue until the tax debt is paid in full or the tax levy is stopped and released. If you are unaware, our Tax Attorney routinely can get the IRS to stop and release an IRS Levy in one day

When the IRS orders your employer to forward your earnings to them, this is called an IRS levy on your wages. The IRS can actually take all of your earnings through what is called a "Manual Levy". All that is required is a signature by an IRS Revenue Officer.

IRS Levy - Tax Levy - On Your Bank

An IRS levy on your bank is just what you would expect; the IRS confiscates the money in your bank account(s). This is a one-time levy, which is a little misleading because the IRS can file the tax levy over and over again. but the fact is that it is not continuous meaning that when the levy hits your bank account, they get the money in the bank account on the day the levy hits. If you put more money in your account after the levy hits they do not get that money.

A tax levy on your bank allows you to get your money back within a twenty-one (21) window. This twenty-one-day period of time includes Saturdays, Sundays, and holidays. This doesn't give you a lot of time to work with. So you better get started. You have Zero time to lose.

The best way to avoid every tax levy is to become compliant and come up with a game plan to solve your tax problem once and for all. IRS levy can happen at any time. Taxpayers call our IRS problem solvers when they have been informed that their paycheck is about to get "a whole lot smaller".
 

One way to stop an IRS levy is to submit a tax settlement. An Offer in Compromise is a proposal to settle with the IRS. Conceptually, the idea of an Offer in Compromise is very simple, but in reality, folks need help doing it because there is an awful lot of detail involved and if you don’t do it just right, the IRS will reject or return your offer and you will be facing another IRS garnishment.

Here’s what the Tax Code says:

Suspension of an IRS Levy While an Offer in Compromise is Pending:
 

1. IRC 6331(k) provides that no tax levy may be made

• During the period that the Offer in Compromise is pending
• For an additional 30 days after the Offer in Compromise is rejected, and
• During the time an appeal of the rejection is pending.

2. Treasury Regulation 301.7122-1(d)(2) states that an Offer in Compromise becomes pending once it is accepted for processing. This is the date the IRS official signs Form 656.

• Here are a few things to keep in mind: Submitting an Offer in Compromise to stop a tax levy has the potential to be a "grand slam" for you, the taxpayer. In the short term, it can and will stop the IRS levy, and in the long term, it can actually settle your entire tax debt for less than what you owe. In other words, it can solve the bigger problem, your unpaid tax debt.

• It does take time to put together an Offer in Compromise (tax settlement). Our tax pro's counsel our clients that a regular tax settlement will take ten to twelve months to complete.
  
  Sometimes as a way to get your tax levy stopped, our Tax Lawyers will put you into an IRS repayment plan. Doing so will secure your tax levy release immediately. You will never have to make the payment as this tactic will give us ninety (90) days to put together your Offer in Compromise. Do not try this tactic on your own. Once your settlement offer is submitted, the IRS will leave you alone until the settlement is completed.