Stop Them Immediately – Golden Tips – Notice of IRS Intent to Levy
Are you looking to get the Federal Tax Levy on your bank account or wage levy released immediately? The IRS serves about 3.8 million tax levies a year. They get the levy information from your tax return or from third party sources that have reported tax information on you, such as your employer via W-2 or a bank that you have used. The bank reports the information on a 1099 interest form and sends it to the IRS.
As a former IRS Agent of ten years and being in private practice for 28 years, I have found that taxpayers are frightened to pick up a certified notice/mail from the IRS. You would think there was a bomb in the letter. It is just a time sensitive letter. It is very important to pick up that notice/letter because the quicker you deal with it, the sooner your problems will go away. Remember, this problem will not go away by itself, you must be proactive to get the results you need.
The levy/garnishment sent to your employer is much more damaging because it is a continuous levy and now your employer knows of your IRS tax problem. The IRS means business and will not stop until the case is off the computer's accounts receivable system otherwise known as ACS.
Why picking up the mail notice/letter is your only true choice: It lets the taxpayer know how long it will be before the IRS takes enforcement action. These letters are time sensitive. The IRS will follow up on the day the letter indicates.
The IRS can give you an extended period of time if you do not have all documents within the 30 days.
1. IRS will put your case in Hardship 2. IRS will set up a payment plan 3. IRS will accept the filing of an offer in compromise.
Your other option is to file a Taxpayer Assistance Order.
Call a professional tax firm to help you through this problem if you feel you need the help.
Harris Smith is a personal finance writer interested in home equity line of credit Don't Miss Out! Find out the 4 ways you can achieve Debt Consolidation.
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