When an IRS bank levy occurs, banks are required to hold onto your levied funds for 21 days before they can legally release them to the IRS. This 21-day count begins on the day that the bank processes the IRS levy or “freezes” the balance in your account. Perhaps no other action taken by the
Occasionally, due to circumstances beyond the control of a taxpayer, a taxpayer cannot become eligible for any conventional tax resolution strategy (e.g. Offer in Compromise, Installment Agreement, Penalty Abatement, etc.). While other tax professionals scratch their heads or unsuccessfully attempt a conventional strategy, our attorneys welcome the challenge.
No matter how bad your situation may seem, the odds are very high that our attorneys have faced a similar situation before. By way of debt restructuring, corporate restructuring, and/or a combination of appeals, proposals, and negotiations, our attorneys will go the distance to find a solution to your tax problem.
These “creative solutions” will be individually tailored to address your specific situation. As you might imagine, these strategies can get quite complicated. Consequently, it is not possible to give a comprehensive description of the possible strategies that we might recommend within the limited parameters of this website.
If your situation requires a “creative solution,” our caring staff will walk you through it step by step, no matter how complicated and challenging it may be.
Attorneys vs Accountants
Which is Best for You?
Many of us racing to get the last roll of toilet paper or bottle of hand-sanitizer (two items that have become a form of black-market currency) so we can weather the recent coronavirus pandemic are probably also wondering how we’re going to make the next mortgage payment, or rent payment. In California, New York, Florida,
Federal Payment Levy Program If you or your business has unpaid federal taxes and you receive income or revenues from the federal government or an agency of the federal government, watch out! You could be in for a rude awakening when the IRS and Treasury Department team up to keep monies that are due to