Services - Actions The IRS May Take
Examples of Actions the IRS can take against you:
What is the definition of Wage Garnishment?
A Wage Garnishment is a way the IRS can collect past due taxes. The Garnishment paper work wold be served to your employer along with a notice of Levy on Wages Salary and Other income.
A Wage Garnishment requires your employer to withhold a certain amount of your paycheck and send it directly to the IRS. It also requires the employer to notify you that your paycheck will be Garnished. You have 2 weeks or until your next paycheck to respond to the Notice to Levy your pay check. The most common type of Garnishment is the process of deducting money from your salary or 1099 income.
Wage Garnishments can continue until the entire debt is paid or arrangements are made to pay off the IRS Debt. Garnishments can be taken for any type of debt but common examples of debt that result in Garnishments actions include:
- Child support
- Defaulted student loans
- Unpaid Court costs
Employers receive a notice telling them to withhold a certain amount of their employee's wages for payment. The Employer and cannot refuse to Garnish wages. Employers must correctly calculate the amount to withhold, and must make the deductions from your check until the Garnishment expires.
The IRS has been known to take 70% of the check or sometimes the entire check amount.!!!
Wage Garnishments can negatively affect credit, reputation, and the ability to receive a loan, open a bank account, or pay your other bills. This could create a financial hardship for you.
Wage garnishment is a tax problem that can be resolved if the taxpayer knows when and where to get help with a Wage Garnishment Release.
We can help STOP IRS WAGE GARNISHMENT our experts are waiting for your call now 1-800-927-4363
What is a Bank or Tax Levy?
A levy is a legal seizure of your property to satisfy a past due IRS tax debt or Tax Lien. The IRS can actually take the property to satisfy the past due taxes. Property like your house or car, or your rights to property such as your income, bank account, retirement account or Social Security payments can be levied.
In the case of a Bank Levy, we can get Tax relief by negotiating with the IRS to resolve your tax debt issue and prevent additional legal actions against you.
We have a knowledgeable staff of Attorneys and Accountants that are experienced in handling negotiations involving Federal Tax Levy or Tax Liens.
Call the experts at 1-800-927-4363 for a free consultation
What are Federal (IRS) Tax Liens?
A Federal (IRS) Tax Lien is the government's claim on your all your property and is generally placed when you or your business have delinquent or Back Taxes. The lien can be on real property, personal property, or any interest you may have in any asset. A Federal Tax Lien automatically is applied within 10 days after the first notice and demand for payment.
An Federal (IRS )Tax Lien does not mean that taxation authorities will seize your property; it just ensures that they get first right to your property over other creditors. A Tax Lien damages your credit, creates a situation where you cannot borrow against, or sell your property. The lien is of public record, which may cause other hardships. Some Taxpayers may qualify to have their Lien Notice withdrawn. Call us Today!
What is a Lien “Withdrawal” ?
A “Withdrawal” removes the Notice of Federal Tax Lien from public record. The withdrawal tells other creditors that the IRS is abandoning their lien priority. This doesn’t necessarily mean that the Federal Tax Lien is permanent. Call us today to learn more about Lien Withdrawal.
What is a Temporary Lien Release?
A temporary lien release allows a different transaction to clear without the tax debt being repaid in full.
Once a lien arises, the IRS generally cannot release it until you’ve paid the tax, penalties, interest, and recording fees in full or until the IRS is no longer legally able to collect the tax. However, in certain circumstances a lien may be withdrawn.
What is a "Discharge” of a Federal Tax Lien from a Property mean?
A “Discharge” of a Federal Tax Lien removes the Lien from specific property. There are several circumstances under which the Federal Tax Lien can be discharged. For example, the IRS may issue a Certificate of Discharge if you’re selling property and a Notice of Federal Tax Lien has been filed; you may be able to remove the IRS Lien or have the Lien discharged from that property just before the IRS receives its interest through the sale.
What is a Subordination of a Tax Lien?
A “subordination” is where a creditor is allowed to move ahead of the IRS priority position. For example, if you’re trying to refinance a mortgage on your home, but aren’t able to because the Federal Tax lien has priority over the new mortgage. A request can be made to the IRS to subordinate , or do partial release of the IRS lien to the new mortgage debt.
When a taxpayer meets certain requirements and pays off the IRS Tax debt, the IRS will Withdraw a filed Notice of Federal Tax Lien
If a Taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume IRS collection actions. For these types of situations we offer and have provided legal and Audit representation.
What are some Good Examples of ways to Stop IRS Collections?
1. Enter into an Installment Agreement
We will negotiate on your behalf with IRS in dealing with installment agreement in which you may pay over time the amount that will fit your budget.
2. File an Offer in Compromise
If accepted, an Offer in Compromise allows you to settle your tax obligation with the IRS for less than the total IRS debt owed. Therefore part of the IRS tax is forgiven, canceled or discharged providing “Tax Relief”
3. Obtain a Not-Collectible Status
There are times where you agree with the IRS that you owe taxes, but you can’t pay because you do not have the money to pay this and your living expenses. If the IRS agrees that you can’t both pay your taxes and your reasonable living expenses, they may agree to place your account in Currently Not Collectible (CNC) (hardship) status.
4. Taxes paid in full will stop all IRS Collection Actions
What is a IRS Summons Notice?
The Internal Revenue Service is responsible for determining and collecting any IRS revenue tax, and ensuring that taxpayers comply with IRS laws. Congress has given the IRS broad authority to obtain and examine all information necessary to perform these functions effectively. An Internal Revenue agent or other authorized examiner involved in a tax investigation can obtain, by force if necessary, any information that may be relevant to the investigation. "Authorized examiner" includes Exempt Organization specialists involved in examination or determination cases.
The examiner may issue an Administrative summons to taxpayers or other interested parties. An administrative summons directs the person summoned to appear before the examiner and testify or produce information. If the Taxpayer fails to appear or disobeys the summons, the examiner may seek to enforce the summons in federal district court. If the court agrees that the summons should be enforced, it will order the Taxpayer to comply or be held in contempt.
This is a serious situation. Please call use immediately
Please call us ASAP at 1-800-927-4363
Why are Past Due Tax Returns Important in Tax Resolution?
When negotiating with the IRS; it is required that your Taxes Returns are current. This requirement also includes future compliance with all IRS Regulations. Tax Protection has a staff to properly prepare your returns and keep you in compliance with IRS Regulations.
What is IRS Audit Representation?
Tax Protection has qualified individuals that can represent you against the IRS. Taxpayer Dealing directly with the IRS can create more problems, as they’re known to take advantage of your limited exposure to the tax issues. There are solutions that can be found for any Tax situation.
We are a Tax Relief Company.Call us for your free consultation.
What are the problems when a Business has Past Due Payroll Taxes?
The IRS is very aggressive in their collection attempts for past due Payroll Taxes and can shut our business down.You should avoid meeting with any IRS representatives regarding payroll taxes until you have had a consultation with us to discuss your options.
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What is a Trust Fund Recovery Penality?
The Trust Fund Recovery Penalty (TFRP) is any tax that you as the employer holds “in trust” to be paid to the government. In short, you act as the collector of the taxes and it is your responsibility to turn the money over to the government by certain deadlines using form 941. If you fail to pay, the government can shut your business down.The IRS can also make a claim against owners and shareholders or anyone to collect this debt. The IRS is the only creditor that can "pierce" the corporate veil and go after individual shareholders. Do Not wait too long to talk to a Tax Professional.
Why Setup a Sub-S Corporation?
An entity can be created for Self-employed Taxpayers. This entity structure will save you money by reducing self-employment tax. This Tax Protection Strategy Works very well for Self-employed truckers and provides significant Tax Relief. .
Why is it important to Review prior years’ filed Tax returns?
Generally when we agree to work with business owners, and as a natural course of business, we are usually asked to review Individual and Business tax returns. The results of the reviews usually lead to strategic recommendations made to reduce taxes now and in the future. Amended tax returns may save money provide Tax Relief over the past years, and save you taxes for your future operations.
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