Tax Problems

IRS Bank Levy

 

How Can I Stop an IRS Bank Levy Action?

An IRS Levy is a hold on your money. The hold on your accounts could be up to the amount of the back taxes you owe.

 

Did you receive a CP504 Notice of Levy or LT11 Notice of Intent to Levy? 

If so, contact Morris and Associates immediately. The CP504 Notice of Levy indicates you are running out of time to resolve your tax problem.

 

You have the right to request a Collection Due Process (CDP) Hearing.

We can help you to file a request for your Collection Due Process (CDP) Hearing. You only have 30 days from the date on the LT11 Notice of Levy to request a hearing. The CDP Hearing will buy time to continue working with you to resolve your tax case. 

 

Let us help you schedule a CDP Hearing. 

We can also help you to persuade the IRS that you are in financial hardship. The Morris and Associates team are resolution specialists, accountants, and Enrolled Agents. Morris and Associates has the experience you need for handling CP504 and LT11 Notice of Levy matters. 

 

Trust Morris and Associates to assist you in resolving or settling your IRS tax case. We have many tools at our disposal to help with your case. You may qualify for an IRS Installment Agreement, IRS Offer in Compromise, an Economic Hardship Partial Payment Plan, or even Currently Non-Collectable (CNC) Status.

 

Let us help you determine the best resolution for you. Our goal is to stop an IRS Bank Levy and resolve your tax problem as quickly as possible. 

 

Contact Morris and Associates today for a FREE consultation.

 

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State Bank Levy

 

How Do I Stop a State Bank Levy On Bank Account?

 

A state levy is one of the harshest penalties a person can face for not paying their state taxes. The levy gives the taxing authority the legal right to seize your assets. The state authorities can use the levy against your bank accounts, investment accounts, wages, pensions, insurance policies, and even your physical assets.

 

If you've received a notice of levy on your bank account from your bank, it's critical that you contact Morris and Associates immediately. A proper response to the notice could delay or even prevent the actual enforcement of the levy.

 

Failure to act will result in a hold on all funds in your bank account. The state's levy timeframe for freezing the account before actually sending the state's funds varies from state to state. The taxing authority may keep filing additional bank levies and withdraw more money every time you add more funds to your bank account. This process will continue until the tax debt is fully satisfied.

 

Morris and Associates experienced team of professionals can leverage the tools available to prevent the state from seizing the funds in your bank accounts. If we can work with the state on your behalf for a payment arrangement and this gets approved by the state authority, and payments are being made on time, the bank levy could be lifted.

 

Let us help you determine the best resolution for you. Our goal is to stop an IRS Bank Levy and resolve your tax problem as quickly as possible. 

 

Contact Morris and Associates today for a FREE consultation.

 

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Social Security Levy

 

How Do I Stop a Levy on My Social Security?

 

If you've received a "Final Notice - Notice of Intent to Levy and Notice to Your Right to a Hearing," you only have 30 days from the date on the notice to respond. If you don't respond, the IRS will begin collection actions.

 

If you fail to act, the IRS will begin taking 15% of your monthly social security distribution until the debt has been paid in full.

 

It's vital that you contact Morris and Associates’ tax experts as soon as possible. Let our team of tax specialists resolve your social security levy case.

 

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IRS Wage Garnishment

 

How Do I Stop IRS Wage Garnishments?

 

The sad truth: the IRS doesn't take into consideration your expenses or unique circumstances when determining how much to garnish from your salary. The IRS wage garnishment can withhold over 50% of your paycheck. 

 

Getting a second job won't help you get ahead, either. The IRS also has the authority to garnish 100% of your wage from your second job! 

 

IRS wage garnishment is the process in which the IRS orders your employer to withhold a set amount of your paycheck to repay your tax debt. 

 

To mitigate or even halt IRS wage garnishments, you need to hire an accountant who has experience dealing with the IRS and understands the tax code, your legal rights, and what options are available to you. At Morris and Associates, we have over 38 years’ experience dealing with such cases and have successfully been able to stop wage garnishments for over 80 clients. 

 

3 Tools We Can Use to Stop IRS Wage Garnishments

We can stop wage garnishments. Let our expertise and experience work on your behalf. 

 

Offer In Compromise

An Offer In Compromise is a repayment plan where you'll only be required to pay a percentage of the tax debt you owe. We can negotiate with the IRS to find a compromise that not only satisfies the IRS but is affordable for you. Coming to an agreement on a compromise with the IRS is a complex process that takes into consideration several factors, such as income, expenses, and more.

 

Installment Agreement Plan

An Installment Agreement is a repayment plan that allows you to make small, incremental payments towards your tax repayment. Our goal with the Installment Agreement Plan is to enable you to make an affordable, on-time, monthly tax payment without leaving you strapped for cash every month.

 

Currently Non-Collectable (CNC) Status

For some people, being assigned to non-collectible status is the best option. Currently Non-collectable (CNC) status is assigned to you when the government has determined you are unable to pay your tax debt. To get this status, you will need to demonstrate that you are in economic hardship. The IRS will stop sending threatening letters and phone calls while you are classified as a CNC.

 

Let's Get You Qualified and Stop Your Wage Garnishment Now

Morris and Associates can stop an IRS wage garnishment! Our experienced team will negotiate a resolution to your IRS wage garnishment. 

 

Our goal is to stop IRS wage garnishment and resolve your tax problem as quickly as possible. 

 

Contact Morris and Associates today for a FREE consultation.



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State Wage Garnishment

 

How Do I Stop State Tax Wage Garnishment?

 

State tax wage garnishments may withhold up to 25% of your paycheck. And this means your employer will continue garnishing your wages each paycheck until your state tax debt is fully paid.

 

Did you know that state tax wage garnishments take precedence over all other wage garnishments? The only exceptions being court-ordered child support payments and federal tax debt. 

 

Most states will not agree to stop a state wage garnishment with a state installment agreement. Morris and Associates can reduce the amount of a state wage garnishment if you can show you are in hardship. If your state provides an offer in compromise resolution to state tax debt, Morris and Associates can help you determine if you qualify, and if so, we can stop a state wage garnishment.

 

Let Us Stop Your State Tax Wage Garnishment Now

Morris and Associates can stop a state wage garnishment! Our experienced team will negotiate a resolution to your state wage garnishment. 

 

Our goal is to stop state wage garnishment and resolve your state tax problem as quickly as possible.

 

Contact Morris and Associates today for a FREE consultation.

 

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IRS Retirement Plan Seizure

 

Can the IRS Take Money From My 401(k)?

 

Yes, the IRS can levy or garnish money from your 401(k) retirement account. The IRS can issue IRS Form 668(A) Notice to Levy to your 401(k) plan administrator instructing them to seize the fund from your retirement account up to the amount of tax debt you owe the IRS.

 

If you have a 401(k), SEP IRA, Keogh plan, or other IRA and you owe back taxes, let Morris and Associates resolve your tax issues. The regulations around 401(k) accounts are complicated, and each taxpayer's situation is unique. Our accountants and Enrolled Agents can help you resolve your tax issues.

 

Contact Morris and Associates today for a FREE consultation.

 

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Failure to File or Pay Employee Payroll Tax

 

Are you a business owner who failed to submit employee payroll taxes or failed to file payroll tax returns and are concerned or now under investigation? 

 

You could be in a serious situation. Failing to pay your payroll taxes or file payroll tax returns could be considered a federal offense resulting in a criminal investigation. Contact Morris and Associates right away. We can help you resolve your payroll tax issues and payroll tax liability.

 

Failing to act quickly may lead to criminal charges that could lead to being convicted of a felony, large fines, and even a prison sentence. Repayment of payroll taxes and any penalties ordered are not dischargeable in bankruptcy.

 

The Morris and Associates’ team of accountants has the expertise and experience to help you resolve your payroll tax problems.

 

Contact Morris and Associates today for a FREE consultation.

 

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Federal or State Tax Lien

 

How Can I Get Rid of a Federal Tax Lien?

 

If you received an IRS Letter 3172 Notice of Federal Tax Lien or a similar letter from your state taxing authority, contact Morris and Associates as soon as possible.

 

You have a right to appeal the IRS Letter 3172 Notice of Federal Tax lien, but time is of the essence as you only have 30 days from the date on the letter to file your appeal. If you don't act quickly, you will lose your appeal rights.

 

Let the experts at Morris and Associates deal with the IRS Letter 3172 Notice of Federal Tax Lien. The sooner you contact us, the better. We need time to prepare and file an appeal.

 
How Can I Get Rid of a State Tax Lien?

 

States have their own rules and processes for removing a state tax lien and typically offer fewer resolutions than the IRS. Contact us immediately so our experts can work with you to resolve your state tax lien matters.

 

Contact Morris and Associates today for a FREE consultation.

 

 

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Drivers License Suspension

 

If you owe your state tax agency delinquent back taxes, some states have the legal right to suspend your driver's license as well as any state-issued professional licenses.

 

If your driver's license was suspended due to delinquent back taxes, let Morris and Associates help.

 

In some states, demonstrating hardship could result in only having restrictions placed on your license, allowing you to drive to and from work and for necessary errands.

 

Let Morris and Associates help you resolve your back tax issues once and for all. 

 

Contact Morris and Associates today for a FREE consultation.



 

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My Passport Application Was Denied or My Passport was Revoked

 

If the IRS has certified that you have a seriously delinquent tax debt, i.e., you owe over $51,000 in back taxes that have not been resolved, then your passport can be revoked or your application for a new passport can be denied.

 

In January 2018, the IRS began to enforce IRC section 7345, which requires the State Department to deny an application or revoke the passport of any individual with seriously delinquent tax debt.

 

You will receive a notification in writing from the State Department if your passport application or renewal was denied or if your passport was revoked.

 

Let Morris and Associates help you resolve your IRS issue and have your certification reversed. Our tax experts understand tax laws and can help you resolve your tax issues.

 

Contact Morris and Associates today for a FREE consultation.

 

 

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Foreign Bank Account Report (FBAR)

 

Are you facing tax challenges regarding Foreign Bank Account Reporting (FBAR)?

 

If you held an interest or had signature authority over an account outside the United States worth more than $10,000 at any point during a calendar year, you must file an FBAR.

 

If you knowingly ignored the requirement to file an FBAR, you could face criminal penalties.

 

Morris and Associates can help you with an FBAR filing. Contact us if you're having tax problems regarding Foreign Bank Account Reporting (FBAR).

 

Contact Morris and Associates today for a FREE consultation.



 

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Revenue Officer Assignment

 

If a Revenue Officer field collector made a personal visit to my business or home or has been personally assigned to your tax collection case, this means the IRS is taking your case more seriously.

 

It's the Revenue Officer's job to ensure all the necessary or required IRS notices have been issued. These may include:

 

  • Balance Due Notice (Letter 3174)
  • Summary of Taxpayer Contact (Form 9297)
  • Final Notice
  • Notice of Intent to Levy and Notice of Your Rights to a Hearing (Letter 1058)
  • Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320 (Letter 3172(DO))
  • Notice of Federal Tax Lien (Form 668(Y)(c))
  •  

Once the Revenue Officer has verified and issued the IRS required notices, he or she will begin actively investigating and collecting data for the IRS.

 

The data collected will be used to levy your bank accounts or any account receivables as well as garnishing your wages, filing tax liens, and even seizing your assets.

 

If a Revenue Officer has been assigned to you, contact Morris and Associates as soon as possible. Let our experienced tax team assist you in navigating this situation. We will represent you and protect your rights. Our goal is to resolve your tax issues.

 

Contact Morris and Associates today for a FREE consultation.

 

 

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Get Answers to Your Tax Questions