IRS LEVY | Stop IRS Levy in 1 Day | Flat Fee Tax Service | San Diego
Updated: Jun 13
Flat Fee Tax Service is the nationwide leader in having an IRS Levy stopped within 1 to 2 business days. The key is being determined to get through to the IRS, which can take hours, and find that IRS agent who will “listen” to our plea. After more than a decade of providing IRS tax relief, our tax professionals know where to call. Being diligent, determined are 2 attributes needed to achieve an IRS Levy release within 1 to 2 days. It also helps to know a “few tricks of the trade”.
What is an IRS Levy? An IRS Levy is a legal seizure of your property to satisfy a tax debt. If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.
An IRS Levy actually takes property that you hold (such as your car, boat, or house), or the IRS could levy property that is yours but is held by someone else (such as your wages (paycheck), retirement accounts, dividends, bank accounts, licenses (medical), rental income, accounts receivables, the cash loan value of your life insurance, or commissions) to satisfy the tax debt. The IRS could seize and sell property that you hold (such as your car, boat, or house), or the cash loan value of your life insurance, or commissions.
IRS Wage Garnishment
The IRS will usually levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (IRS levy notice) at least 30 days before the IRS levy. The IRS may give you this notice in person, leave it at your home or your usual place of business, or the IRS could send it to your last known address by certified or registered mail, return receipt requested. Please note: if IRS executes a levy on your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the IRS levy.
The IRS only has to send a notice once. You may not have actually received the IRS Notice to Levy.
An IRS Levy on your wages (paycheck), or federal payments (think Social Security or Social Security Disability / SSDI) or your bank account (this could be brokerage as well) will end:
1. The IRS levy is released (that’s where Flat Fee Tax Service comes in),
2. You pay the IRS your tax debt (if you had the money to pay, you probably wouldn’t be in this mess),
3. The time to collect the back tax expires for legally collecting the tax (Statute of Limitations).
An IRS Bank Levy: If the IRS executes a levy on your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days. This period allows you time to solve any problems from the IRS levy. After 21 days, the bank must send the money plus interest, if it applies, to the IRS. You could “discuss” your case with the person whose name appears on the Notice of Levy. If you do that, we will “wish you good luck”. The IRS has your money why would they give it back to you, an uninformed taxpayer? What would you tell them to “win your point”? Flat Fee Tax Service knows the points to argue.
Federal and State Levy Programs. An IRS Levy on your federal payments through the Federal Payment Levy Program, the IRS may levy (confiscate) monies from the following federal payments that you may receive: retirement from the Office of Personnel Management, Social Security benefits / Social Security Disability (SSDI), federal vendor payments, federal employee salaries, or federal employee travel advances and reimbursements. This program will electronically levy your federal payments paid through the Department of Treasury, Financial Management Service (FMS). If the IRS executes an electronic levy on your federal payments, the levy will take 15% from each of the payments until the account is resolved.
Manual IRS Levy (yes, the IRS can take your entire check).
The IRS is not limited by IRC 6331(h) to taking 15% of your paycheck, your Social Security or your Social Security Disability (SSDI) benefits. The IRS can issue a manual levy that can continuously take ALL of your Social Security / Social Security Disability (SSDI) benefits as well as your paycheck / wage under Internal Revenue Code section 6331(a), which permits an IRS Levy on all your wage, salary or other income [which would include Social Security / Social Security Disability (SSDI)]. The 15% automatic IRS Levy provision is a supplement to the manual IRS Levy power. The IRS can choose the manual approach if it deems fit and attempts to collect more than the automated 15%.
The IRS Can Execute an IRS Levy on your State Income refund and if you are from Alaska, they can take that “Permanent Fund Dividend” of yours.
Once the IRS Levy is Released, then what? You still have an IRS tax debt.
1. Are you qualified for an Offer in Compromise or Penalty Abatement?
2. Are you Currently Uncollectible?
3. Will amending your Tax Returns reduce your tax debt? These are questions that Flat Fee Tax Service can answer for you.
Flat Fee Tax Service - Flat Fee Tax Relief
1 – 866-747-7435
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