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Tax Levy | Tax Settlement | IRS Help

Updated: Sep 15


Coast to Coast IRS Help

IRS Tax Relief - Tax Debt Help

If you are here, reading this article, chances are you have a tax debt and you have received a "Notice of Intent to Levy" or a "Notice to Levy."

When the IRS sends out these particular notices, start putting up your defenses as the Agency is about to confiscate your wages, your paycheck, your bank account, or some other asset that you may have.

Once the IRS sends out their order to levy, there are only three options available to have the tax levy released and removed.

The first tax relief option would have you agreeing to an IRS repayment plan. The second tax relief option is to submit a tax settlement. The IRS will remove a tax levy when a taxpayer says yes to an Installment Agreement to repay the tax debt.

Sounds simple, doesn't it. Well it isn't. The IRS has a time restraint to enforce collection. This is called the Statute of Limitation. The IRS will give a payment amount and it may be well over the amount that you are capable of paying. By agreeing to a payment that you know can't be met will in fact get your tax levy released. The down side is when you default, the IRS will levy you again.

You are probably asking yourself, "why would the IRS force me to pay more than I can?" The answer is, the IRS doesn't care. The IRS cares about closing files. If the IRS gets you to agree to a payment plan, your file is closed.

One of our strategies is to place you in to an IRS repayment plan with the knowledge that you will never make the payment. Yes, you will default. By placing you into an IRS Installment Agreement, our Tax Lawyer will protect you from tax debt enforcement while putting together a well crafted IRS Offer in Compromise (tax settlement).

The time between entering into an IRS repayment plan and the default date will be approximately three (3) to four (4) months. Our tax pros will have effectively tied up the IRS while you and a Tax Lawyer put together a tax settlement that will be successful.

You see, the IRS must leave you alone after an Offer in Compromise (OIC) is submitted. The OIC process usually proceeds for 10 to 12 months. Sometimes it is less but not usually.

Now the third tax relief option is to have you placed into Currently not Collectible (CNC) status. CNC status will not settle your tax debt. CNC will stop enforcement of the tax debt, but, the tax debt stays intact. The tax debt will continue to accumulate penalties and interest.

If you owe more than $10,000 and the IRS admits that you acnnot pay your tax liability, then an Offer in Compromise may be the way to go.

As you can read, we provided you with a good amount of information. Please do not attempt any of the above tax relief options to stop a tax levy. The reason being is there is more to it than what is written here. There are time limits, documentation, and procedures that must be met and, quite frankly, a novice will probably make many mistakes. Avoid mistakes that will put you in jeopardy. Get yourself an experienced Tax Lawyer who does not charge "an arm and a leg."

One last bit of information. If you have a Tax Lawyer from Flat Fee Tax Relief handle your your IRS debt, nine times out ten, your tax levy will be released in one day.

Also, Flat Fee Tax relief has a 96% approval rate for Offer in Compromise (tax settlement) submissions. The IRS approves approximately 42% of all submitted settlement offers.



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