Tax Levy Help | IRS Garnishment | Flat Fee Tax Service
Updated: Jan 24, 2020
TAX LEVY HELP - TAX GARNISHMENT - IRS TAX LEVY
SAN DIEGO TAX PROFESSIONALS
STOP AN IRS LEVY - STOP AN TAX LEVY -
STOP TAX GARNISHMENT - IRS WAGE GARNISHMENT -
IRS BANK LEVY RELEASE - IN ONE DAY
The government agency known as the IRS, has broad powers to seize assets in order to satisfy an unpaid tax debt. The IRS may issue a tax levy against an individual's wages, salary, and other income, including Social Security, fees, bonuses, and commissions.
A tax levy is commonly called a wage garnishment. The IRS may also attempt to collect an unpaid tax debt by issuing a tax levy against your bank accounts.
TAX PROFESSIONALS AT FLAT FEE TAX RELIEF ROUTINELY HAVE A TAX LEVY RELEASED IN ONE DAY.
There are some limitations on the IRS enforcement to seize property. In the case of the taxpayer's personal residence, the IRS may not seize the property without written approval of a federal district court judge or magistrate.
Tangible personal property or real property used in the taxpayer's trade or business may not be seized without written approval of an IRS district or assistant director.
Furthermore, there is some property that is exempt from a tax levy, including the following:
wearing apparel and school books
fuel, provisions, furniture, and personal effects, up to a certain amount
books and tools of a trade, business, or profession, up to a certain amount
certain annuity and pension payments
judgments for support of minor children
It is important to note how A tax levy operates. A tax levy (#wage garnishment) on wages and salary, unless it is stopped and released, has a continuous effect as future paychecks are seized until the levy is satisfied or.
THE IRS TAX RELIEF TEAM AT FLAT FEE TAX SERVICE ROUTINELY STOP AN IRS WAGE GARNISHMENT IN ONE DAY
An tax levy against a bank account is a one-time levy that attaches to funds in the account at the time the tax levy is received. Once a banking institution receives a notice of levy, the bank is required to freeze all of the money in the taxpayer's account(s) as of that day. The bank must then wait 21 calendar days after a levy is received before paying the funds over to the IRS.
The 21 day bank levy window includes Saturdays, Sundays and holidays. You really don't have a lot of time to waste. This 21 day window provides the taxpayer with a limited opportunity to notify the IRS of any errors in the levy or to negotiate a full or partial release of the funds.
The IRS would generally release a tax levy if:
1) the underlying tax debt is satisfied or becomes unenforceable due to a lapse of time;
3) an installment payment agreement has been established;
5) the fair market value of the levied property exceeds the liability, and the partial release of the levy would not hinder collection of the tax.
Once your tax levy / IRS wage garnishment is stopped and released, you should look to settle with the IRS through the Offer in Compromise program.
For more information on IRS wage garnishments, an IRS bank levy, please call our IRS tax professionals for your free, confidential consultation.
If you are searching for a highly qualified representative in the San Diego area, in Southern California, northern California or anywhere in the United States to negotiate the immediate release of a tax levy or an IRS wage garnishment with the IRS or state tax agency, the experienced Tax Professionals and IRS problem solvers at Flat Fee Tax Service offers our tax relief services with the highest levels of quality and professionalism.
Our IRS tax professionals can negotiate the release of a wage garnishment in one (1) day should your employer receive an IRS seizure order on your wages.
Our IRS Tax Attorneys understand the need to stop and release your IRS garnishment in one day, because the IRS will leave you with little to no money.
Our IRS Tax Professionals will also negotiate the release or modification of a bank levy,a wage garnishment. A tax levy of any type will leave you with no money in your account(s) to pay your bills or anything of substance left in your paycheck.
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