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Los Angeles, California (PRWEB) December 26, 2012
Only 30 days after the final notice of 'intent to levy' has been issued to a taxpayer, the taxpayer's bank is required by law to restrict access to their account. Platinum Tax Defenders urges taxpayers with delinquent accounts to have their situation assessed by a tax resolution professional before the IRS moves to freeze assets, they are offering 30 minute tax resolution phone consultation through Jan-2013 at no cost.
Unpaid taxes can be resolved in the 21 days that the account remains frozen, but any delay and lack of communication make reaching a tax resolution very difficult. Depending on the amount owed, the IRS can employ multiple methods in resolving back taxes. Employers may be obligated to comply with a wage garnishment. Banks may be required to send payment directly from the bank account to the IRS. Then there's property seizure. Other assets, from houses to cars, can be seized and sold at auction.
This is a scare tactic, says Platinum Tax Defenders, to "force taxpayers into willful compliance". With a growing number of taxpayers getting audited in recent years, and the influx of new IRS agents, it's becoming more common to use these humiliating collection methods of garnishments and levies. That's why it's even more necessary to get help with back taxes before deadlines expire.
The process is quite simple. Once the IRS is made aware that taxes are owed, they must send a 'Demand for Payment', listing the balance due and taxpayer rights. To do this, the IRS must have proof that the balance has not yet been paid. Once the 'Final Notice of Intent to Levy' has been issued, that's when the 30-day countdown begins - to pay, appeal, or request a hearing. Notice of wage garnishment no longer must be sent by certified mail, so it's possible to have wages taken out after the final notice has been sent, without further warning.
Although it's possible to obtain an Offer in Compromise or negotiate for a reduced settlement before a bank levy has been finalized, it's nearly impossible to obtain a refund once money has been sent from the bank to the IRS. It's also very difficult to obtain a bank levy release, though not impossible. Time is really the key factor.
Professional help is also key. Platinum Tax Defenders points out that IRS agents "tend to be less forceful and more reasonable when they must address themselves to a Licensed Representative, such as an Enrolled Agent (EA) Certified Public Accountant (CPA) or a Tax Attorney." In that sense, resolving a bank levy or wage garnishment is not much different from resolving a court case.
Platinum Tax Defenders offers a free consultation by phone on various tax resolution services, without further obligation, so that taxpayers can be informed of their rights and possible solutions. Platinum Tax Defenders has a dedicated team of 10 professionals (including tax attorneys, CPA's and former IRS agents) with a ten-year track record of stopping bank levies and removing tax liens. Most initial consultations range from 20 to 45 minutes, in which a qualified tax resolution professional can examine the specifics of the situation and offer strategies for dealing with the IRS.
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