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IRS Tax Help Blog

Three Ways To Stop An IRS Levy

Audit, lien and levy are three terms used by the Internal Revenue Service (IRS) that strike fear in the hearts of American taxpayers. Tax audits are methodical inspections and reviews of taxpayer records, liens are legal actions that can be attached to property for the purpose of collecting during future transactions, and levies are actual seizures of income and assets for the purpose of settling or adjudicating tax debts.

An IRS levy can be placed on individuals or businesses. Levies are the final step of a process that typically begins with an audit or an investigation that determines that taxes should be paid. A formal IRS document titled Notice and Demand for Payment would follow; should this ultimatum go ignored, the IRS would send the taxpayer a Final Notice of Intent to Levy and Notice of Your Right to a Hearing before physically taking funds or property.

Prevention is arguably the best defense against an IRS levy, but this is not always possible for all taxpayers. Once the IRS issues a Notice and Demand for Payment, there is a very strong chance that lien or levy action will follow unless the taxpayer has adequate and proactive legal representation. This means retaining a law firm whose attorneys are admitted to practice in federal tax court, and who are also experienced in removing IRS liens and levies. Many lawyers and Certified Public Accountants who offer lien and levy release services are not actually admitted to practice in U.S. Tax Court; thus, their services are mostly limited to completing forms and writing letters.

Experienced tax defense attorneys have various legal tools to help their clients when it comes to facing an IRS levy; here are three common strategies:

Filing an Appeal

Along with the Final Notice of Intent to Levy, the IRS includes a Notice of Your Right... ...read full post


Retain An Experienced Bank Levy Attorney To Fight An IRS Levy

It’s a difficult burden to bear when the IRS is threatening to seize your personal or business assets. Most taxpayers understand that it rarely makes sense to argue with the impersonal IRS bureaucracy, but choosing the right bank levy attorney can be equally frustrating. Those huge nationally advertised tax defense mills can be just as impersonal and frustrating to deal with. They’re good at attracting loads of clients and shuffling forms, but they just don’t provide the level of personalized service you and your family deserve.

Bank Levy Attorney

The most important decision that a struggling taxpayer has to make is to retain a bank levy attorney that is both authorized to represent their best interests in U.S. tax court and will take the time to sit down and discuss the unique needs of every client. No two tax cases are exactly alike, and a personalized approach is the only way to effectively respond to large tax debts, wage levies and property liens.

Quality information and honest answers provide a solid foundation for effectively reducing tax debts, stopping wage levies and removing tax liens. That’s exactly what a small business owner that’s facing payroll trust fund recovery penalties desperately needs. The loss of personal or business assets can absolutely devastate a taxpayer’s economic future. A knowledgeable tax defense lawyer is accustomed to taking full advantage of tax law provisions that protect taxpayer rights and make it possible for tax debt to be reduced or managed in a manner that benefits the taxpayer.

Tax Levies

The Internal Revenue Service is legally authorized to satisfy unpaid tax debt by seizing taxpayer property and debt. While a lien... ...read full post


Getting Help For A Federal Tax Lien Will Free Your Property From The IRS

The government law obligates all businesses and individual taxpayers to file their income taxes every year. Missed filings and failure to report the correct amount of income can cause a discrepancy with the Internal Revenue Service. If a business or an individual taxpayer owes the I.R.S. money, the organization will gave that person notification of such a balance by way of certified mail. One of the hugest mistakes that people make when they receive such letters is ignoring the Internal Revenue Service. The I.R.S. is a strong government organization that outranks creditors. A balance of an owed debt to the I.R.S. is a serious matter that can end in an IRS tax lien.

What Should a Person Do About an I.R.S Debt?

A person who receives notice of a debt to the I.R.S. should read the notice thoroughly and take note of any phone numbers that the letter bears. Speaking with an attorney about the notice is not necessary at this stage, but it is an excellent idea. Once the I.R.S. has established that a party owes it a debt, then someone will have speak in that party’s behalf to come up with a reasonable repayment plan. The I.R.S. offers installment arrangements and direct debit arrangements. The organization is willing to work with a taxpayer or his or her attorney to resolve a debt. If the person makes no effort to return the funds, then the I.R.S. may issue a tax lien.

What Is a Tax Lien?

A tax lien is a procedure in which the I.R.S. takes ownership of one’s personal assets or business assets to secure the funds that the party owes. Such assets include homes, vehicles, businesses and personal property.... ...read full post


Preparing For A Meeting With A Tax Attorney Can Help Speed The Process Of Stopping The IRS Collections

One of the most unsettling experiences for a person is finding themselves dealing with tax issues and the Internal Revenue Service. The reality is that when a person is confronted with a tax problem and having to face the IRS, he or she does not have to go it alone. Rather, there are some qualified, experienced, hands-on attorneys who are well versed in dealing with the IRS and in defending hard working taxpayers.

n looking for the most suitable tax attorney, a person needs to not only focus on a professional with experience but a lawyer that is authorized to practice before the U.S. Tax Court. Once an attorney has been selected to represent a taxpayer, there are a number of steps that need to be taken in preparation for meeting with a the tax lawyer.

Organized Supporting Documentation

A key step in preparing to meet with a tax lawyer is pulling together all of the documentation relating to the tax matters at issue. In the final analysis, if a person wonders whether certain documents are relevant, it is best to include them in the paperwork to present to an attorney. The lawyer is in the best position to determine what documentation is important to the case.

Make sure that any written communications with the IRS are pulled together for the lawyer. Odds are a taxpayer has received what might amount to a great deal of written material and communications from the IRS. Some of this documentation may seem like duplicates. However, even though certain communications from the IRS may look similar, they may in fact contain some different data or information. Once again, this is an area in which an attorney will... ...read full post


Consequences Of Payroll Tax Mistakes May Take An Attorney To Straighten Out



Payroll taxes represent one of the largest single income sources for the federal government, as well as many state and local governments. For this reason, the IRS and other taxing authorities take the matter of filing and paying payroll taxes very seriously. Failure to properly follow the law on deducting payroll taxes, filing the required forms and submitting the money in a timely manner can result in substantial financial penalties and can even result in criminal prosecution that can result in convictions requiring the guilty party to spend time in prison.

While properly reporting and paying payroll taxes is a serious matter, it is also a complicated one. Complying with the various tax laws and regulations is a difficult process and many individuals and corporations can unknowingly make errors in complying with the taxes. However, it makes little difference to the government whether a payroll tax error was intentional or unintentional. The government still wants its money and will generally assess a business with a tax penalty regardless of the reason that law was not followed.

When the IRS or other tax collection agency finds that a business has not followed the law, the agency can take a number of actions to collect on the debt. Some examples of collection techniques include placing a levy on the wages of the responsible party, placing a lien against the assets of the business or business owner and the freezing or seizure of bank account funds. Though legal corporate structures generally protect business owners from being personally liable for the financial obligations of the business, this is not always true in regards to tax liabilities. It is indeed possible, if... ...read full post


Understanding The Trust Fund Recovery Penalty

For businesses that fail to pay their payroll taxes on time, the trust fund recovery penalty can cause severe harm. If the IRS decides to pursue this penalty, it may demand summary payment without any opportunity for a payment plan. Since the penalty is equivalent to 100% of the deficient amounts, it can be potentially devastating to a business. Additionally, anyone with signing rights to a business bank account can be considered liable for this penalty. Since this penalty can be so harsh, it is critical for those struggling with issues related to it to understand how to overcome the penalty. Below is a full overview of what business owners need to know about these tax issues.

1. Trust Fund

Unlike a trust fund used for inheritances, the IRS considers the segregated funds used for withholding to be a trust fund. When businesses fail to make their payroll tax payments on time, the IRS may come and demand immediate payment from this account. If funds are insufficient, the IRS may force the business to immediately shut down and seize assets directly from the bank account. Further, the IRS may be able to draw funds directly out of the bank accounts associated with the responsible parties for the business.

2. Recovery Penalty

The trust fund recovery penalty is imposed on anyone who willfully misuses funds that are intended for the IRS. Since most businesses that don't pay their taxes on time are struggling with financial issues, they may put off paying payroll taxes for later date. To the IRS, this constitutes willfulness and can result in personal liability. Since the tax is equivalent to 100% of the amounts owed, it can be extremely expensive and destroy the lives of business leaders.

3. Indirectly Liable Persons

Surprisingly, these fees can only be applied to indirectly liable persons. Those... ...read full post


Three Ways Attorneys Can Stop An IRS Levy

Audit, lien and levy are three terms used by the Internal Revenue Service (IRS) that strike fear in the hearts of American taxpayers. Tax audits are methodical inspections and reviews of taxpayer records, liens are legal actions that can be attached to property for the purpose of collecting during future transactions, and levies are actual seizures of income and assets for the purpose of settling or adjudicating tax debts.

An IRS levy can be placed on individuals or businesses. Levies are the final step of a process that typically begins with an audit or an investigation that determines that taxes should be paid. A formal IRS document titled Notice and Demand for Payment would follow; should this ultimatum go ignored, the IRS would send the taxpayer a Final Notice of Intent to Levy and Notice of Your Right to a Hearing before physically taking funds or property.

Prevention is arguably the best defense against an IRS levy, but this is not always possible for all taxpayers. Once the IRS issues a Notice and Demand for Payment, there is a very strong chance that lien or levy action will follow unless the taxpayer has adequate and proactive legal representation. This means retaining a law firm whose attorneys are admitted to practice in federal tax court, and who are also experienced in removing IRS liens and levies. Many lawyers and Certified Public Accountants who offer lien and levy release services are not actually admitted to practice in U.S. Tax Court; thus, their services are mostly limited to completing forms and writing letters.

Experienced tax defense attorneys have various legal tools to help their clients when it comes to facing an IRS levy; here are three common strategies:

Filing an Appeal

Along with the Final Notice of Intent to Levy, the IRS includes a Notice of Your Right... ...read full post


Only Trust An Experienced Attorney To Provide Relief For Tax Debt Problems

Are you a taxpayer who owes back taxes to the IRS or the state? Are you a small business owner who owes back taxes to the IRS or the state? In either case, you're not alone. Millions of Americans are plagued by back tax debts. Millions of small business owners struggle with problems caused by back tax debts. Tax problems don't go away on their own in either case. In fact, unchecked and unaided, they usually result in disaster for both the taxpayer and the small business.

As an individual taxpayer who owes money, you may be at or near the point where the IRS is about to attack your wages or your savings or your pension. Before it gets that much worse, let us help! With our experience in solving problems for the individual taxpayer, we can get tax relief for you in several ways, such as :

* Stopping a garnishment on your wages
* Preventing an IRS tax levy
* Setting up a payment plan you can afford


As a small business owner with unresolved tax problems and no end in sight, you already know how slippery is that precarious slope. Again, we can help you in several ways. Devising a plan to reduce accrued interest charges can ease the financial strain on your company. If the IRS has placed a lien on your business because of failure to resolve back taxes, we can help you to get the lien released.

Attorney Mary King will put her years of experience negotiating with the IRS to work for you. Once the IRS has formally engaged in tax debt negotiations in most cases collections efforts will stop, at least as long as negotiations are underway. Let an experienced Tax... ...read full post


How Can A Tax Attorney Stop My Tax Debt Problems?

Uncovered tax obligations can throw a curveball into anyone’s personal finances. When the obligations exceed realistic payments that a taxpayer can make, the unfortunate phenomenon of tax debt emerges. Tax debt generates interest and further penalties if left unaddressed. Therefore, a tax relief lawyer familiar with the workings of agencies like the IRS can make a big difference in the final amount a taxpayer owes. Tax attorneys represent a taxpayer’s side of the story to the IRS and work to come up with a compromise that avoids undue financial strain on the taxpayer with due respect for tax law and what the IRS can reasonably expect to collect from a given client. Tax debt is not an insurmountable burden. Work with a qualified tax attorney to come up with a solution to tax debt obligations. These solutions may include:

•spread-out payment plans (installment agreements)
•an Offer in Compromise (OIC)
•filing an amended return with a smaller calculated tax liability
•temporarily register for “uncollectible status”

The burden of tax debt can be spread over time with an installment agreement. These are formulated after an assessment of a taxpayer’s assets, current and likely future income, current/future expenses and liabilities as well as a taxpayer’s individual situation and nature of the problem that generated tax debt in the first place. Installment agreements should be presented by a tax attorney when the taxpayer can make significant payments against the principal. Remember, installment agreements come with an interest rate, much like debt. If the client’s payments are not going to make a significant dent in the principal, installment agreements may not be a good idea. While installment agreements lighten the short-term burden and alleviate IRS pressure on a client, they do carry interest and penalties that increases with the length of time it takes to pay off a debt according... ...read full post


What Assets Do The IRS Have The Power To Levy?

What Is A Tax Lien?

A tax lien is a notice saying that a person owes the Internal Revenue Service back taxes. There are two different types of liens. A silent automatic lien is one of the types of tax liens. The other type involves a notice that is sent from the Internal Revenue Service to the recorder’s office of the person’s county of residence. This type of lien will be reported to the credit bureaus, which will have a negative impact on a person’s credit score.

If a taxpayer does not pay his or her taxes, then he or she can expect to get a notice in the mail. Taxpayers can also expect to get a set of instructions explaining their rights along with the notice. However, if a person owes taxes and does not get in contact with the Internal Revenue Service, then he or she could have a levy placed on all or some of his or her property.

What Is A Levy?

A levy is the seizure of a person’s assets by the Internal Revenue Service. The Internal Revenue Service will use these method when all other attempts to collect the taxes have failed. Tax levy notices are typically issued to the financial institutions and employers of the delinquent taxpayer. However, it is important to note that not everyone who receives a levy notice will actually get their assets seized by the Internal Revenue Service. There are some factors that will determine whether a person gets his or her assets seized. Some of those factors include history of payments and geographic location.

Assets That Are Exempt

Even though the IRS does have the ability to take away most of a person’s assets, there are some things that they cannot seize. Below is a list of things that the IRS cannot seize:

•... ...read full post






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