Written by Scott Allen

Settle Phoenix AZ IRS Debt

Thomas settled his 2010 Phoenix AZ IRS Debt six years later

Just because you may have Phoenix AZ IRS debt that is several years old does not mean you cannot do something about it. Thomas owed the IRS over $100,000 for multiple tax years and many of which needed to be prepared and filed.

2010 was one of the tax years that Thomas did not file. Because he did not, the IRS went ahead and did it for him. Except they don’t file it in the taxpayers best interest; it gets filed in the simplest way possible which benefits the IRS 99% of the time.

In this blog is just a recent example of the negotiation handled by Scott Allen EA of Tax Debt Advisors. View the notice below to see what was successfully accomplished. Scott Allen EA turned a $13,000 IRS tax filing bill into nearly an $8,000 refund for the client. Always seek a second professional opinion before giving up on the “big bad IRS”.

Phoenix AZ IRS Tax Debt

Phoenix AZ IRS Tax Debt

Tax Debt Advisors is a Phoenix Arizona company that specializes in most matters pertaining to the IRS. Some of those matters are: preparing unfiled tax returns, payment plan negotiations, offers in compromise, appeals, innocent spouse claims, and more. For professional help on your case call 480-926-9300 today and speak with Scott Allen EA personally.

Written by Scott Allen

How To Stop A Tax Levy On Your Paycheck In Mesa

How To Stop A Tax Levy On Your Paycheck In Mesa

If you are looking for information on how to stop a tax levy on your paycheck in Mesa, Arizona this post should help!

What is a tax levy?

The tax levy is one of the harshest collection methods used by the IRS and taxing authorities. This is where they will legally seize your assets to pay off back taxes owed. This is very different from tax liens because a lien is just a claim to the assets while a levy is seizing them. The tax authorities may levy investment accounts, wages, pensions, physical assets, bank accounts, accounts receivable, social security, and insurance policies.

General Tax Levy Process

Normally, you won’t be surprised by tax levies due to the IRS going through certain steps before they issue a tax levy. Below are the steps that the IRS will go through before a levy.

  • Taxes are accessed from an IRS filed a tax return on your behalf called a Substitute for Return or by a tax return filed by you with money owed.
  • Tax bills are sent to the last known address and demands payment for owed taxes.
  • You haven’t paid the bill or you made another arrangement to pay.
  • A final notice is sent by the IRS with an intent to levy and a notice of your right to a hearing. The levy will begin within 30 days of the notice. The IRS is required by law to notify you of the levy within 30 days before beginning. This became the law as part of the 1998 IRS Restructuring and Reform Act.

Tax Levy Types

The levy form that taxing authorities use will vary depending on your situation. Normally they will use the method that will be the easiest for them to regain money that is owed. Below are common levy types:

  • Wage Garnishment

With wage garnishment, the IRS will contact your employer and demand that HR take out a certain percentage of your pay for your unpaid taxes. Many employers will not really deny this request because the company can be held liable for what you owe. This levy will remain until enough is paid to cover the owed amount plus penalties and interest, other resolution has been made, or the debt owed has expired. Normally, if a tax attorney proves a hardship, the IRS can reduce or remove the garnishment.

  • Bank Levy

A bank levy will have the IRS contact your bank and demand a hold be placed on your funds. Within 21 days, the amount owed will be removed from your account. If it doesn’t satisfy the debt in full the first time, then it may keep coming back as money appears in the account.

  • Property Seizure

The IRS may seize almost any form of asset to sell to cover your owed taxes. They can seize items such as your house, car, or boat.

  • 1099 Levy

The IRS may issue multiple types of levies to gain payment for your owed 1099 payments. They can levy the amount you owe, but can’t go after anything owed to you in the future for work that is to be done.

  • Other Asset Seizures

The tax levies aren’t limited to what is mentioned above. The IRS can also levy your licenses, rental income, commissions, retirement accounts, accounts receivable, dividends, or life insurance.

  • Passport Seizure

Although not technically, the IRS may request that the state department deny or revoke your passport if you owe more than $50,000.

Stopping a tax levy

The IRS will normally only use a levy as a last resort option and would prefer to use another arrangement to resolve your owed taxes. In order to stop a levy, it takes swift action by you or a tax professional working for you. There are different types of arrangements that can stop a levy. Below are some options.

  • Payment Plan

The IRS have a variety of payment plans based on your financial situation. Once the agreement is made for a payment plan, the levy will stop.

  • Submit an offer in compromise

This is an agreement to pay less than what is actually owed. This option is for those who are struggling financially and may qualify. Talk with a tax professional to see if this is for you.

  • Prove Financial Hardship

If you can prove that a levy will create a financial hardship, then this may stop the levy against you. This doesn’t mean that you don’t need to pay what is owed, but it will stop collection actions.

  • File an appeal

You can appeal the levy if taxes were paid before the notice was sent. You can also appeal if you were in bankruptcy before the notice, there was an error in the assessment, you want to make spousal defense, or want to talk about other options. There may be times that you can appeal because you weren’t able to dispute tax liability, or the statute of limitations has expired for the debt.

Contact us today for help with a Tax Levy

We can assess your situation and find the best method to get the levy released. Scott from Tax Debt Advisors will work on your behalf to find the arrangement that will work for you and not the IRS. Scott can help you stop IRS tax levy or release a levy quickly!

Written by Scott Allen

Tempe IRS Settlement by Scott Allen EA

Another Tempe IRS Settlement

Are you behind on paying your taxes? If you need a Tempe IRS Settlement or help with unfiled tax returns contact the office of Tax Debt Advisors today. You may feel like the you are the only person behind on his or her taxes but it’s quite the contrary. Thousands of taxpayers find themselves with tax trouble each and every year.  Scott Allen EA of Tax Debt Advisors can help you navigate through you tax burden.  When it comes to settling an IRS debt it is important to not be closed minded. The IRS has several options available to you to settle your IRS debt. And everyone one of those options has something good and something bad about it.  With Scott Allen EA you will know all of that information before making this important decision.

To help you evaluate and review Scott Allen EA of Tax Debt Advisors below is an approval letter for a Tempe IRS Settlement completed. Gus and his wife owe for back taxes, just finished getting their last child through college, and needed to settle things up with the IRS finally.  Due to Gus’s income level we knew negotiating a payment plan was the most realistic option.  We got just that done for Gus.  View the notice below to see the work accomplish by Scott Allen EA.

Tempe IRS Settlement

Tempe IRS Settlement

This plan protects them from any collection activity from the IRS. Their #1 goal is making sure they don’t fall into the trap of owing taxes on future tax returns. If so, the IRS will default the plan and require a new agreement to be negotiated. Get your family protected from the IRS by speaking with Scott Allen EA today. He will make today a great day for you.

Written by Scott Allen

Tax Debt Advisors Reviews: Settlement Done!

Tax Debt Advisors Reviews for 2017

When looking to someone to hire for your IRS problem its critical to have someone with experience. Tax Debt Advisors Inc has been solving IRS problems for over 41 years. Tax Debt Advisors Inc is a family owned business started in 1977 with over 108,000 IRS debts settled in that same time period.  The image below is just one example of many Tax Debt Advisors Reviews.  Ed needed to settle his debt with a payment plan. After a complete evaluation of his current financial state a low monthly payment was set up.

Tax Debt Advisors Reviews

Tax Debt Advisors Reviews

Interested in seeing other Tax Debt Advisors Reviews and successes? Click here.

Meet with Scott Allen EA of Tax Debt Advisors to work out the plan to solve your IRS issues. His office is conveniently located in Mesa Arizona near the US-60 freeway.  He can represent you before the IRS, prepare and file your tax returns, and put your mind as ease through all of this.  Get rid of the stress and start today!

Written by Scott Allen

Release IRS Levy Mesa AZ: May 2017

Release IRS Levy Mesa AZ quickly

How does someone want to release IRS levy Mesa AZ? Quickly! When a notice of levy or garnishment is issued it is important to respond timely.  Levies and garnishments are sent when a taxpayer is not in compliance. This could include unfiled tax returns, back taxes owed, or a missed deadline. The IRS typically will not warn you beforehand. Doing so would defeat their purpose. With all this being said, you have rights and you have options.

A recent taxpayer came in and met with Scott Allen EA after a tenet from his rental property received a levy from the IRS. The tenet was required to send the rent check each month to the IRS rather then to the taxpayer. This did not make the tenet very happy nor the taxpayer for obvious reasons. The taxpayer would no longer be able to pay the mortgage payment and was at risk of losing his tenet as well. To add to all of this stress the levy was issued on the 22nd of the month and with rent due on the 1st there was only about a week’s time to fix the situation.  To sum it all up in one picture click on the image below. The levy was release within a few days. In just four days Scott Allen EA worked with the IRS agent and stopped the IRS levy from his client.

Release IRS Levy Mesa AZ

Release IRS Levy Mesa AZ

If you are out of compliance with the IRS and your taxes don’t wait until a notice of levy gets sent to your bank or employer. Meet with Scott Allen EA of Tax Debt Advisors so he can put a stop to all collection activity. He will represent you as your IRS power of attorney and defend you against the IRS collection field.