I am a former IRS Agent and Revenue Officer. I have also taught Tax Law at the IRS Regional Training Center. I am still an IRS Insider, and I still have solid insider sources.
When a taxpayer is faced with an IRS Tax Levy, whether it's a bank levy or a wage garnishment, immediate panic sets in, and generally the taxpayer hasten to take care of the problem as quickly as possible. If they do not have a CPA or Tax Attorney, the taxpayer starts hitting the internet to find out which company is the most credible, who they can afford, who they can afford, and most importantly who they can trust, and who can resolve their tax situation in the most expedient manner.
You can get immediate tax relief from Bank Levies or Wage Garnishments, but you have to call the right Professional Tax Firm.
Here are some very general rules to follow:
1. IRS does not want to levy! They must send out the tax levy because prior notices sent to the taxpayer went unnoticed or were not responded to. Sadly many notices were sent to the wrong addresses.
2. IRS sends out the wage garnishments and or bank levies to get your attention so they can close their case and remove you off the IRS Receivable Computer. This also takes you off the IRS enforcement computer called CADE.
3. In order for the case to be closed, all tax returns have to be filed and a completed and documented Form 433F financial statement has to be submitted to the IRS for review. The IRS will then release the levy and close your case with a payment agreement or hardship status.
4. You should hire a true professional tax firm to handle your tax situation; it will make a huge difference. You will get the results you need from a professional tax firm.
5. Beware of tax mills who promise you pennies on a dollar. The IRS only accepted approximate 12,000 settlements a year. Most companies promising you the sky, actually knows the case will never be settled.
6. Ask to speak directly to a Tax Attorney, CPA, Former IRS Agent, or an Enrolled Agent on their staff. If you cannot speak directly to this type of tax professional, seek another professional firm.
7. Beware, most of the people you speak to off the Internet are sales people selling your lead information to the highest bidder.
8. Check the firm's BBB rating to ensure the trustworthiness of the firm you are dealing with.
Michael D. Sullivan is a seasoned IRS tax expert. Learn more about Michael and the services he provides at http://www.freshstarttax.com/.
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