Levies: Release of Enforced Collection Actions

If you have received a levy to your bank account, accounts receivable, wage, social security, or disability time is of the essence to have this action reversed. Additionally, threats of asset seizure are real and require immediate attention. Nearly all aggressive collection can be reversed with the proper representation and presentation of how your case is going to be resolved.

Phoenix Financial Group can get the pay plan you want with the IRS without the fear of aggressive collection tactics often employed by the IRS such as bank levies, account receivable levies and liens. We can negotiate an a pay plan that is affordable for you. As always, our tax attorneys and IRS Enrolled Agents know your rights and will fight for a pay plan that is your best interest not the Federal governments.

The release of Federal Tax Lien can be the most important step to financial recovery for you or your business. Federal Tax Liens inhibit an individual’s or business’s ability to acquire lending. Whether the lending is a refinance or basic cashflow loan. Most lenders will not entertain a loan to an individual or business with a Federal Tax Lien. The tax attorneys and IRS Enrolled Agents have the knowledge to get Federal Tax Liens released.

Phoenix Financial Group can negotiate an Offer in Compromise with the IRS. This amount could be between 5% and 10% of the total debt. When a taxpayer demonstrates an inability to pay the full amount of the tax debt, an IRS Offer in Compromise might the best resolution strategy.

Letter 1058

Final Notice of Intent to Levy If you or business receive Letter 1058: Final Notice of Intent to Levy, please contact us immediately. This is the final warning from the IRS. When Letter 1058 is issued the IRS is gearing up to levy bank accounts and/or accounts receivable. Phoenix Financial Group tax attorneys and IRS Enrolled Agents specialize in the release of these types of levies; however, it much less complicated to resolve a case prior to levies being issued.

Abatement of Penalties/Interest

The IRS is willing to forgive penalties associated with a debt if the taxpayer demonstrates and substantiates “reasonable cause criteria.” Interest is waived only in special circumstances. Even if your debt has been paid in full, taxpayers can still receive a refund of the penalties and/or interest that they have already paid.

The IRS sends out a series of letters regarding federal tax liabilities. The letter CP 504 is one of the final letters the IRS issues prior to beginning seizure activity. Whether the IRS is seizing property or bank accounts, Phoenix Financial Group can resolve your tax problems today without the complications or fear of aggressive collection action such levies and/or seizures.

The IRS can seize your paycheck, your Social Security or your 401K. We can eliminate this threat with professional representation. However, if the IRS has already started garnishing your wages, we have the experience to get it released.

Phoenix Financial Group has tax attorneys and IRS Enrolled Agents on staff ready to help you or your business resolve your tax problems today. Our staff has the experience and knowledge of your rights to resolve your tax problems as quickly and efficiently as possible.

Phoenix Financial Group’s IRS licensed Enrolled Agents can assist clients in the preparation of any and all outstanding returns. If we cannot meet your accounting needs, we can, in most cases, refer you to a reputable accounting firm for assistance. As taxpayers begin to fall out of full compliance, filing tax returns typically gets pushed to the bottom of the priority list. By the time most of our clients address the problem, they quickly find out that 2 or 3 years worth of 941′s (Withholding Tax), 1040′s (Personal Income Tax), 940′s (Federal Unemployment Tax), 1065′s (Partnership Income Tax) or 1120′s (Corporate Income Tax) have gone un-filed. Getting current with return filings is not optional and will be required in order to reach your goals in the resolution process.

Almost every action the IRS takes can be appealed. Our knowledge of the Appeals process within the IRS is one of the reasons for our success. We can file appeals against levies, wage garnishment,s seizures, and many other actions from the IRS.

If you have experienced trouble in obtaining financing or selling real estate, we can assist through the IRS Certificate of Discharge and/or Subordination applications. We can submit and negotiate these applications to make that loan that you need or that sale happens without government interference.