Logo Dreis Tax Services in Spokane

How to Stop IRS Bank Account Levy

Secure Your Finances: Stop IRS Bank Account Levy

IRS Levy – Get IRS Tax Levy Released NOW – Bank, Wage Levy Releases – tax professionals

Has the IRS placed a Tax Levy on your Bank Account or filed a Wage Garnishment ? Get your levy released and your case settled at the same time! We know the system. Have tax professionals STOP THE LEVY! We can also settle your case, be worry free today. We taught Tax Law at the IRS and know all the techniques to get your levy released and your case settled.

IRS Levy

When you don’t respond to the final notice (Form 1058), the IRS may levy your bank account (688 A) or wages (668 W) to enforce tax laws.

tax professionals with extensive experience in local, district, and regional offices know how to swiftly release tax levies and provide immediate relief. Tax Law experts at your service.

How we can immediately get Notices of Bank Levy and Wage Garnishment Released.

As tax professionals, Managers and Instructors we have issued thousands of IRS Wage Levy Garnishments and Bank Levies. We know exactly how to quickly get them released.

Stop IRS Bank Account Levy

The process of getting your levy released:

We'll send a power of attorney to the IRS as your rep, so you won't have to deal with them.

We'll file and update all your tax returns. It's crucial to have accurate and current returns to avoid IRS rejection. Our professionals can reconstruct your taxes, request transcripts, prepare and file returns quickly - even if you've lost your records. Trust us to handle it expertly.

An updated financial statement is IRS-required. We'll get the necessary form to review income/expenses and settle the case according to IRS standards.

We'll work with you to find the best settlement options and create an agreement based on your current finances while securing favorable tax provisions.

IRS Tax Settlement Agreements can be in different forms

Hardship Settlements or Current Non Collectable.

Typically, cases enter a 3-year suspended status due to inability to pay, also known as currently noncollectible or hardship status. This occurs when your income falls short of covering your current expenses. The IRS uses the National Standards Program to determine hardship, which can be found on our website.

Payment Agreements.

It is possible to settle cases with the IRS by making monthly installment payments that both parties agree upon. Our team will evaluate the various programs offered by the IRS so that the least amount of payment required is determined.

Offer in Compromise. ( Tax Settlements )

There are three types of OICs:

The IRS may accept an Offer in Compromise based on three grounds:

Doubt as to Collectability.

There is uncertainty about whether the taxpayer will be able to settle their entire tax debt within the remaining timeframe allotted for collection according to the law.

Doubt as to Liability of the taxes.

A valid uncertainty arises concerning the accuracy of the assessed tax liability. Reasons to submit a doubt as to liability offer may include:

  1. The examiner made an error in interpreting the law.
  2. The examiner overlooked the taxpayer’s evidence.
  3. The taxpayer has new evidence to present.

Effective Tax Administration Exceptional Circumstances.

The tax amount is undisputed and can be fully collected, but there is an extraordinary circumstance that permits the IRS to consider an Offer in Compromise (OIC). To qualify for an OIC based on this ground, the taxpayer must show that paying the tax would cause an economic hardship or result in an unfair and inequitable situation.

Employer Threatens to Fire Taxpayer Because of a Levy

In some cases, employers may use the threat of firing an employee to avoid dealing with a levy, which could be considered a violation of 15 USC 1674.

If the employer carries out the threat and fires the taxpayer for this reason, the employer could face fines of up to $1000 or imprisonment for up to one year, or both. For resolution, the taxpayer should contact the Wage and Hour Division of the Department of Labor (DOL), as they have the authority to decide if the employer violated the law.

Don’t let the IRS bully you. If the IRS has placed a levy on your taxes, contact us today for immediate tax relief and to get your levy released.

Contact Us

Thank you for your interest. Please fill out the form to schedule a consultation about your particular tax problem.

Send us a Message