August 2018 – Tax Debt Advisors

Regular Post

Written by Scott Allen

30 August 2018

Scott released my Gilbert AZ IRS wage garnishment

Do you have a Gilbert AZ IRS wage garnishment?

If so, you might want to utilize the services of Tax Debt Advisors, Inc. In this particular case (see below) they were able to help their client William out. He came in to meet with Scott Allen EA last week. The IRS sent a Gilbert AZ IRS wage garnishment to his employer six weeks prior, taking over $1,200 of his pay check every two weeks. Within 36 hours of giving Scott Power of Attorney he was able to get a full release of that garnishment on his wages.

Gilbert AZ IRS Wage Garnishment Release

If you don’t this can happen to you, think again. When the IRS feels that the taxpayers is no longer responsive they will resort to Gilbert AZ IRS wage garnishment action. They hope for this to be a wake up call to get the taxpayer back in compliance with them.

What does it mean to be in compliance?

There are two major steps to getting yourself back in good standing or compliance with the IRS. First, you have to be current with all your tax filing obligations. If you have any back tax returns that need to be prepared Scott Allen EA will assist you in that preparation process. Second, in order for the IRS to consider you compliant you have to be current with you withholdings if you are an employee or making estimated tax payments if you are self employed. The IRS is more concerned that you are paying your current and future taxes on time more so then paying your back taxes.

Once you are in compliance with the IRS by accomplishing those two steps now they will have open ears for a settlement or negotiation. There are several different options to resolve an IRS debt and Tax Debt Advisors will evaluate each option with you to determine the best outcome possible.

If you would like to speak with Scott Allen EA of Tax Debt Advisors he can be reached at 480-926-9300. He does not charge any fee for an initial consultation to discuss your case. His tax practice specializes in filing back tax returns and settling IRS debts.

August 2018 Case Update:

Check out the Gilbert AZ IRS wage garnishment release for a client of Tax Debt Advisors. This particular client had a handful of tax returns that needed to be filed. They were already prepared; just not turned in. In summary, we filed all the tax returns with the IRS agent assigned to the case and negotiated a payment plan agreement to settle the debt. The IRS tax levy that was issued was released within just a couple of days and well before the client was due to be paid by him employer. This scenario and similar ones happen on a daily basis. Put that experience to work for you. View the levy release below.

Gilbert AZ IRS Wage Garnishment

If you are in fear of receiving a Gilbert AZ IRS wage garnishment get in contact with Scott Allen EA of Tax Debt Advisors today. He will work for you as quickly as possible to get you the best possible result the law allows. If you need tax returns prepared he is licensed in all 50 states to handle that for you. Scott Allen EA can be reached at 480-926-9300 or stopIRSaction.com

IRS Levy, IRS Problems, IRS Wage Garnishment, Tax Debt Advisors Reviews

Tax Debt Advisors: Settle IRS Debts

Regular Post

Written by Scott Allen

28 August 2018

Can the IRS Take My Retirement Money?

How To Protect Your Retirement Account From Internal Revenue Service Seizure

If you are wondering whether the IRS can take your 401k, pension or retirement account money, this post should help! Here we discuss why your accounts are at risk in the first place, if the IRS can actually take money from these accounts or not, and what you can do to protect your money.

Why Is The IRS Trying To Levy or Take My 401k, Pension or Retirement Money?

Even though retirement accounts are protected from creditors, the IRS is an exception. The general rule is that if you can get it the IRS can get it too.

The main reason the IRS would try to levy your 401k, pension or retirement accounts is because you owe back taxes. An IRS levy is basically a seizure of your assets to cover your tax debt. The IRS will usually send a notice and demand for the payment to be made. If you ignore this notice, they will send a final notice of intent to levy which will be issued 30 days in advance before the levy happens. Usually, before they perform the seizure, they will investigate assets you own to see if they have sufficient equity to pay off your back taxes, or else the seizure is prohibited.

The Internal Revenue Service can seize all types of retirement accounts, including IRAs, 401k plans, and other self-employed plans like Keogh plans and SEP-IRAs. There are currently no prohibitions in the IRS code against it.

Many clients come to me who have been forced to live off of their retirement accounts because of being laid off. When they get the tax bill for the taxes owed and the 10% early distribution penalty, they have no way to pay the amount owed. If your only source of money is taking distributions from money still available in your retirement accounts, the IRS will expect you to liquidate the account to pay off the taxes.

Can the IRS take My 401k If I Owe Taxes?

Yes, the IRS can take your 401k account if you are eligible to take distributions from it. The IRS cannot take your 401k money if you are restricted from taking money from your account due to plan restrictions or age.

Can the IRS take My pension If I Owe Taxes?

Yes, the IRS can take your pension as it is not a protected asset. They can also take money from Social Security benefits, your bank account and even take your home depending on how much you owe. However, the IRS will usually give you options to pay the money back before performing a levy.

Can the IRS Take My Retirement Money If I Owe Taxes?

Yes, the IRS can take your retirement money if you owe back taxes. Retirement accounts that can be levied by the IRS include:

Keogh plans
SEP-IRAs (self employement)
IRAs
Company profit sharing
Stock bonus plans
Qualified pension plans

How To Defend Your Retirement Accounts

In order to defend your retirement account(s) from Internal Revenue Service seizure is to know that the IRS can only get what you get. More specifically, if you can’t access your retirement money, neither can the IRS. How is this possible?

Many retirement plans deny you access to your retirement funds until you retire, die, become disabled or take a job with another company. Reference IRS Manual 5.11.6.2 for information about government seizures on retirement funds. Also, The IRS cannot force you to terminate your employment. As long as you stay employed, the IRS cannot have access to your retirement account. In this case the IRS will look at your wages and other personal assets to pay your back taxes owed.

However, if you have access to your retirement money, the IRS most likely has access to. Whether they will take money out of that fund depends on whether you conduct leading up to the tax liability was flagrant or not. Conduct deemed flagrant includes, fraud, tax evasion, or making contributions while taxes were not being paid. If you can show the IRS that your conduct wasn’t flagrant or that you depend on that retirement money, IRS manual 5.11.6.2 states that the retirement fund cannot be levied.

The IRS will back off if we can establish that they have no rights to your retirement money. Although, I have seen aggressive IRS officers levy wages, assets, and non-retirement assets, if retirement money is not withdrawn voluntarily.

The Internal revenue service is typically hesitant to take retirement money, and many times they have no rights to your retirement money, but proper negotiation, handling, and knowledge of this process is helpful to defend your precious retirement accounts.

What Do I Do To Keep My 401k, Pension or Retirement Money?

The best way to protect your 401k, pension and retirement money is to setup a payment plan to pay your back taxes. However, if your deliberately didn’t pay taxes, the IRS will seize your money for sure. Although, proving you need the money for living expenses can lower the amount of money they can take.

Don’t Go At It Alone, Stop IRS Levy Today!

Dealing with the IRS can be confusing and frustrating, especially when your retirement money is up for risk. Don’t go at the IRS Alone, Tax Debt Advisors have helped over 108,000 tax payers settle their debt with the IRS. Is the IRS trying to seize one of your retirement accounts? Contact Scott Allen, he has helped resolve over 108,000 tax debts, and has over 39 years of experience in dealing with the IRS.

If you need to file back tax returns, having problems with the IRS or just need a great tax debt advisor, schedule your free tax consultation with Scott Allen E.A. from Tax Debt Advisors today by giving us a call today at 480-926-9300.

Scott Allen E. A. Tax Debt Advisors, Inc taxdebtadvisors.com

– Scott Allen – info@taxdebtadvisors.com

IRS Problems

Regular Post

Written by Scott Allen

21 August 2018

File Phoenix AZ back tax returns

Have you ever received a bill from the IRS on Phoenix AZ back tax returns you did not file?

Well Marcus did and was he surprised to find out the IRS sent a levy notice to his employer. When Marcus came and met with Scott Allen EA of Tax Debt Advisors he had not filed tax returns in over 10 years and was under a wage garnishment. As of today Marcus is completely caught up on his Phoenix AZ back tax returns and on a negotiated payment plan with the IRS on a reduced amount. Below is a copy of a notice showing a successful reduction in tax debt for one of the years the IRS filed on behalf of Marcus. With the help of Scott he was able to protest their number with a correct and accurate tax amount saving over $6,000. This is just one a many examples of the excellent work Scott Allen EA can do for you if you qualify.

Phoenix AZ back tax returns

Many people who have Phoenix AZ back tax returns to file have no clue on where to even begin. Their tax records are either lost or in a box “far far away”. All is not lost and there are ways to accurately prepare of file those tax returns. Before beginning and tax preparation on any back tax returns Scott Allen EA will want to get an IRS power of attorney to represent you. With this he will be able to contact the IRS and put a hold to any collection activity and secure what records the IRS may have on you. If you have old tax debts he will find out what is owed and when do those debts expire. Yes, IRS debts have a statute of limitations. Don delay filing those back tax returns you know you need to get done. Find out that the process is actually easier then you might think.

Interested in seeing other successes of Scott Allen EA click here.

August 2018 update:

Jay and his wife have Phoenix AZ back tax returns that needed to be prepared and settled with the IRS. They owed the IRS for taxes from 2008 thru 2015. You can view that by clicking on the image below. That image is a copy of the IRS settlement negotiated by Scott Allen EA of Tax Debt Advisors. All that debt (over $100,000 of it) was settled into one monthly payment plan of $500. There are several ways or options to settle an IRS debt and its important to know about all of those options before negotiating one particular one.

Phoenix AZ back tax returns

If you have back tax returns that need to be prepared and then settled with the IRS give Scott Allen EA a call today. Year after year he has accomplished similar successes to this one.

BACK TAX RETURNS, IRS Problems, Tax Debt Advisors Reviews, Unfiled Tax Returns

Scott Allen EA for IRS Tax Relief

Regular Post

Written by Scott Allen

20 August 2018

Click here for Mesa AZ unfiled tax returns

Scott Allen EA helps with Mesa AZ unfiled tax returns

Tax Refund Less Than Expected In Mesa, AZ

Tax Debt Advisors is the East Valley leader in Mesa, AZ for unfiled tax returns. His company specializes in the preparation of delinquent tax returns and getting taxpayers back in the system again. If you desire marriage without financial stress, home ownership, bank accounts, or to start saving again for your retirement contact Tax Debt Advisors today. They have been preparing Mesa AZ unfiled tax returns since 1977. Attached is just a recent example of a success accomplished for their client David who had not filed tax returns for five years. Click on the image below to view or click here for more information on unfiled tax returns.

Mesa AZ unfiled tax returns

Where do I start?

Start by meeting for a free initial consultation with Scott Allen EA of Tax Debt Advisors. He will sit down with you for 30-45 minutes and breakdown the entire resolution process. After meeting with him you will understand all the necessary steps needed to accomplish your goals. Don’t get overwhelmed in the process but rather if you just face each step as it comes to you it will be over before you know it.

As your IRS power of attorney you will be represented before them in all Mesa AZ unfiled tax returns and IRS settlement options. Don’t go at this alone but rather with a local representative who can guide through the entire process. CAUTION: Be leery of promises made by out of state companies who advertise IRS resolution work. Often times they make unrealistic promises to get your business. You want to be able to meet face-to-face with the person you hire. Scott Allen EA does not sell you; he works with you step by step and will not give you unrealistic promises. Speak with him today.

August 2018 update:

A recent success story for Scott Allen EA and Mesa AZ unfiled tax returns. Melissa was able to get all of her unfiled tax returns prepared and filed through Scott. Upon completion of those returns a “Case Closed – Currently Non Collectible” status was negotiated for all her back IRS debt. Melissa is not required to pay a dime on her back tax debt as long as she remains in filing and paying compliance on all future tax filings. See the IRS approval notice below.

Mesa AZ Unfiled Tax Returns

To see what options are available for you to resolve your IRS debt speak with Scott Allen EA today. He will make today a great day for you!

IRS Problems, Tax Debt Advisors Reviews, Unfiled Tax Returns

Tax Debt Advisors Inc: Since 1977

Regular Post

Written by Scott Allen

13 August 2018

Stop IRS levy in Mesa AZ today.

Find out today if you qualify to stop IRS levy in Mesa AZ. Its always best to resolve your IRS matter before they resort to levy action either to your bank account or wages. However, if they do all is not lost. There are options to stop IRS levy in Mesa AZ. Call and speak with Scott Allen EA today at 480-926-9300.

Stop IRS Levy Mesa AZ

To briefly sum up what happened with this taxpayer. Last week he called and talked with Scott Allen EA about 11:30am in a panic. He had just found out 10 minutes prior that his wages were going to be garnished by the IRS. Payroll was set to be issued by 2:00pm the same day. All of the company’s payroll is done out of Illinois. Scott Allen EA told the client to come on down with the payroll departments information so IF a stop of the IRS levy is possible it can be sent right over via fax. Scott nor anyone can guarantee an immediate stop to the IRS levy in Mesa but will do any negotiating possible to get that relief. Long story short Scott Allen EA was able to get the levy release for the client. A copy of the release was faxed to Scott Allen EA’s office along with a copy sent to the taxpayers payroll department by 1:52pm. Just barely in time for them to not levy his next paycheck. In this email is a copy of that release.

Its important to remember that this is not the end of the road for the taxpayer. This is actually just the beginning. He has some unfiled tax returns that need to be prepared and will also need to get into a permanent agreement with the IRS to prevent future levies from happening. As of today Scott Allen EA is working with the client closely to get those tax returns prepared as quickly as possible. If the client does not meet the agreed terms then the IRS can place the levy back on his wages and they will most likely keep that there until he is in full compliance with the IRS which can be difficult to accomplish with the IRS taking 60% of his paycheck. If you need stop IRS levy in Mesa AZ Scott Allen EA should be your stop. He has the aggressive tools to work with the IRS and get you the best possible settlement allowable by law.

August 2018 update on Stop IRS Levy in Mesa AZ for a new client:

Stop IRS Levy in Mesa AZ

The above taxpayers were facing a levy from the IRS on a very old tax debt. This debt was from a tax return that the IRS filed (not the taxpayers). This created a very large balance due with additional interest and penalties. In discussion with the clients it was determined that the best solution to stop IRS levy in Mesa AZ was to prepare a correct tax return showing the IRS the more accurate liability and negotiating an agreement on the smaller amount. Just by preparing a proper tax return it saved the clients over $8,800. The less someone owes the IRS the less aggressive they are.

Meet with Scott Allen EA if you feel the IRS is being too aggressive with your case. He will help you discover the best possible solution.

IRS Levy, IRS Problems, Tax Debt Advisors Reviews

Scott Allen EA for IRS Tax Relief