Tips on how to Stop IRS Levy in Bridgeport, CT

Metro Area: Bridgeport, Stamford, Norwalk CT MSA

Tax levy is undoubtedly the most dreadful weapon of IRS against any taxpayer. If you are living in Bridgeport, Stamford or Norwalk and you have received a levy notice from IRS, you must take necessary steps to stop the IRS levy and avoid wage levies, paycheck garnishments, bank levies and the seizure of your property.

U.S Federal law, under section 6331, gives IRS the authority to seize the property of a tax defaulter, without going to court. However, under section 6330(a)(2), IRS must send a notice 30 days prior to levy taking place.

If you have received this notice, it means levy is evident. Let us discuss different approaches that can be adopted to avoid this unwanted situation.

Wait and Watch

Sometimes the tax lien expires without the issuance of a notice of IRS levy, however, IRS can easily get an extension in lien which means that the danger of levy is still hanging over your shoulder. Many people adopt, wait and watch policy and hope the problem will disappear somehow, but this clearly, is not a wise option to avoid an IRS tax levy.

Pay Back Your Taxes

By paying back your taxes you surely stop the IRS levy, even if you have not filed a tax return for quite sometime. The tax lien and possibility of levy will be removed within thirty days. Although this method may sound perfect on the paper yet when you are already in financial crises, paying back your taxes is not an easy option.

Collection Due Process (CDP) or Equivalent Hearing

You are eligible for CDP if you have received a notice of intent to levy from the IRS. Then you have 30 days to fill out Form 12153 and request a hearing. The hearing is held before an unbiased, impartial hearing officer, known as appeals settlement officers. This hearing may result in challenges to the collection actions, you may seek innocent spouse relief, and you may negotiate alternative collection actions such as installment agreements or an offer in compromise OIC.

Offer in Compromise (OIC)

OIC is a reasonable option for most of the tax defaulters in a financial hardship, as you have to pay a reduced amount instead of the full amount owed. The IRS will consider your OIC request if it sounds reasonable to them.

Under section 6331, the levy stops if your offer is processable i.e. all the paperwork is complete and the form is filled properly. But if any of them is not complete, the IRS will return the documents and can then levy you. All this paperwork, form filling and carrying out the OIC process in an apposite manner is not so easy. You can improve your chances of an OIC settlement by consulting an experienced tax negotiator such as an enrolled agent, CPA or a tax attorney with good reputation and high expertise in this field.

Get reliable tax relief today, call Mike Habib EA at 877-788-2937

Tax problem resolution services, IRS tax help and tax relief services in Fairfield County, Bridgeport, Danbury, Stamford, Norwalk and other cities in the state of Connecticut.

Client Reviews
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.