Payroll tax problems are very serious and the IRS pursues their collection very aggressively. The government views it as a form of “stealing” since the funds were withheld from the employee and never remitted to the IRS.
Frequently there are taxpayers that do not file individual or business tax returns for one or more years for various reasons. Missing all or a portion of their records and documents,
Have you received a notice from the IRS stating your return has been selected for examination or audit?
IRS audits should be taken seriously because they often lead to additional tax years being selected for examination and other tax deductions not originally stated in the audit letter. IRS tax auditors are experts at evaluating nervous taxpayers and discovering things not covered in the initial audit notice. Having a tax professional on your side can significantly increase the odds of you getting a better outcome in your audit. Having a tax professional represent you before the IRS can be a great decision and can actually end up saving you money.
Has the IRS levied your bank account? We can help!
A bank levy is issued by the IRS when your taxes remain unpaid and resolution has not been reached. The IRS will freeze your bank accounts and seize any money in your bank account up to the amount that you owe, including penalties and interest. The IRS can issue a bank levy as many times as they please, until the tax debt is satisfied. A bank levy is a very successful collection tactic that the IRS uses which serves a second purpose besides collecting back taxes – to get your attention!
The good news is that the tax experts at Direct Tax Relief can have your bank levy released!
Call today at (800) 505-4134 for a FREE Tax Resolution Analysis.
When a bank levy is issued by the IRS, there are specific procedures that your banking institution must follow. Even though the bank withdraws the funds from your account and/or sometimes freezes the use of the funds, Our Tax Attorney at DTR can have your bank levy released. Depending upon your financial and tax situation, DTR will need to take different actions to handle your IRS bank account levy. An IRS bank levy can be stopped but it is important to act quickly since you will not have much time to stop the IRS once a bank levy has been issued.
The IRS is a very determined and fierce collection agency. It does not make sense to negotiate with them without proper representation. When a bank levy is issued, it is usually caused by poor or lack of communication between the taxpayer and the IRS. The tax professionals at DTR keep constant contact with your IRS agent to ensure that future bank levies are not issued, as long as the taxpayer remains in compliance. DTR will secure a collection hold on your account for a specified period of time; protecting you from future enforced collection action. While your account is placed on a collection hold, our Tax Attorney will carefully analyze and evaluate your specific situation and determine the best course of action for you.
If you’ve been threatened with an IRS bank levy, let the tax experts and professionals at DTR represent you and put end to your IRS problems!
A wage levy is used to seize your wages, commissions or other income (often called a garnishment). The IRS can even garnish your Social Security income! You have only 30 days from the date of a Final Notice of Intent to Levy to either pay the tax in full or to find a solution to your back taxes. Ignoring the notice, or doing nothing, will make matters much worse. Once the 30 days has passed, the IRS does not have to give any further notice before seizing your wages.
Direct Tax Relief can have your IRS wage levy released and secure a collection hold on your account. While your account is placed on a collection hold, our Tax Attorney will carefully analyze and evaluate your situation to determine the best tax solution available for you. These solutions range from settling your debt through an Offer in Compromise, having penalties removed by submitting a Penalty Abatement, making comfortable payments through an Installment Agreement, or preparing your un-filed tax returns.
The IRS can levy your wages or accounts receivable and all other sources of income. Besides issuing a wage levy to your employer, the IRS can also issue a wage levy to various businesses that you work with as an independent contractor. The individual or business that the IRS sends the levy notice to is obligated by law to act in accordance with the levy instructions and mail any money that was payable to you directly to the IRS instead. In effect, your IRS tax problems also become the problem of your employer since they have to take additional time and resources to handle the levy.
Wage levies remain in effect until the IRS notifies the employer that the wage levy has been released. If no action is taken on your part, the wage levy will continue until your tax liability is paid in full. After the IRS takes their share, there usually is not enough left over to pay the rent, car payment, or buy groceries. It is crucial that you have the proper representation, someone who is knowledgeable about tax law and IRS procedures.
Protect Your Wages! Know your Rights!
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