Dogged By The IRS Blog

A large audit case representing over $400,000 in to the IRS for unpaid back taxes over a several year period and was sent to collections originally slated to turn into an Offer in Compromise. We handled the case and provided proof of the inability to pay off their steep payment requests. This case involved a major portion of our staff and we were successful in the resulting ‘closing’ of the case. We just received notice from the IRS titled CASE CLOSED – CURRENTLY NOT COLLECTABLE. (See letter below)  It’s important to note that this amount is not necessarily absolved. This just means that the aggressive collections pursuit by the IRS has been closed. The taxpayer is now able to decide on their own about how and when to make payments against the delinquent tax bill. This allowed our client to produce the 20% down for their $60,000 offer to pay down their delinquent taxes.

Another returning client who has utilized our professional tax services in the past came to us with an IRS Bank Levy. This is important to note that bank levies are hard to overturn, despite our successes doing so. The levy was released and turned into a two year payment plan, which was very reasonable for our client and now does not bear the burden of the IRS controlling their bank funds.

These are just samples of success stories that frequently occur throughout the year. Jay Allen Finn is a former Revenue Agent with the IRS. He understands the inter-workings of the tax collection system and is a professional tax accountant and CPA in Houston, Texas. His incredible record is also proven by his A+ Better Business Bureau rating.

The IRS may issue a tax levy if you fail to pay any of your tax debt. Typically, you will receive a Notice of Intent to Levy and if this is not complied with, the IRS will take action in the form of a bank levy or wage garnishment. The three types of federal levies most commonly used by the IRS are wage garnishments, bank levies and federal or state payment levies.

Bank Account Levies

Your bank will first be notified from the IRS with a Notice of Intent to Levy. Your bank will then be legally obligated to freeze funds in all accounts: checking, savings, CDs, etc in the form of a bank levy. If your name is on an account, it will be frozen.

Funds will be held by your bank for 21 days, providing you a three week grace period to pay your back taxes. After the 21 days, the funds that are frozen in your bank account will be sent to the IRS as an IRS tax levy. These funds now belong to the IRS even if you try to remedy the situation by entering an offer in compromise after the money is gone.

IRS Wage Levy

An IRS wage levy is a continuing occurrence against your wages, as opposed to the bank levy which is a one-time freeze of funds in your bank account.  This will continue until all your back taxes are paid off. Your employer will be notified via a Notice of Intent to Levy when the IRS decides to issue a wage levy, or wage garnishment. Your wages will then be garnished promptly from your next paycheck. This means the IRS will receive payment before you receive your own wages.

Wage garnishments are immediate. Once the IRS issues the notice they will begin with the wage levy.

State or Federal Payment Levies

The Federal Payment Levy Program is another means of satisfying the IRS in regards to your back taxes. The IRS will issue a tax levy on any payments that are owed to you, including Social Security benefits and Medicare payments.

The IRS may also issue a tax levy on your state tax refund through the State Income Tax Levy Program.

This is why if you have received a Notice of Intent to Levy from the IRS over your unpaid back taxes, you need to consult a tax professional. Jay Allen Finn, CPA is a former IRS Revenue Agent with an excellent track record in resolving tax levies. He has an A+ rating from the Better Business Bureau in Houston, Texas.

Many American citizens have been negatively affected by the economic downturn that this country has had over the past several years. This means that more people had to stretch their finances to make ends meet and provide for their families. Sometimes this has meant not paying taxes for one or several years. Eventually the IRS is going to come calling for the taxes that you need to pay. Many people really don’t know what options are available for them when it comes to dealing with back taxes and the IRS.

Most people have heard of the Offer in Compromise (OIC) program. DoggedbyIRS has been dealing with the IRS for years now and we can tell you rather quickly if an Offer in Compromise is a viable solution for your tax problems and if it is, we can assist you with an OIC. While this is certainly an option and might drastically reduce the amount of money that you will need to pay to the IRS, it is not the only solution available.

Another option that is widely available for people who owe back taxes is an Installment Agreement. If you do enter into an installment agreement with the IRS they will label that taxpayer as compliant. This will severely reduce the amount of letters and phone calls that you will get from the IRS and shows the IRS that your willingness to cooperate with them. With any solution there are always Pros and Cons, it always helps to consult an expert when reaching any agreement with the IRS, and here is another example of where Jay Allen Finn of DoggedbyIRS can help you.

Yet another option is to file an amended return with the IRS. Filing an amended return can result in a reduced liability to the IRS. But in order to properly go down this route you need to have good knowledge of the tax code and the statute of limitations.

For assistance with any of the above options with back taxes call Jay Allen Finn at DoggedbyIRS and get the IRS off of your back.

Wage Garnishments and Bank Levies go hand in hand when it comes to the IRS collecting money from citizens.

Lifting levies is not an easy task, it’s a specialized art, one in which DoggedbyIRS does several times a week for their clients. There are only three “immediate ways” to lift levies (sometimes avoiding liens on property and credit)!

1. Some type of installment which can consist of several types.
2. CNC (Currently not collectible) which via a financial statement shows you cannot pay at the current time.
3. Payment in full or over 120 days .

If an actual levy has not yet occurred, one of our specialties is procuring a “Cap Appeal” which if done effectively can delay collection action sometimes for over four months.

DoggedbyIRS uses the Certified Public Accountant tax specialists’ best tool, which is the “The Modified, Modern day Offer in Compromise.”

Since most folks with balances of $20,000-$50,000 or more are able to write off most of their debt, we are more than capable in assisting our clients in doing just this. So that you don’t have to pay extra taxes on the debt that you wrote off.

However, you can often pay for the financial statement for installment agreements or a CNC and pay the rest as you go (say over 12 months) and the best part of it is the IRS lets you deduct your CPA fees on the Offer. There a lot more details so please feel free to contact DoggedbyIRS for a free consultation.

DoggedbyIRS is led by Jay Allen Finn, a licensed CPA and former IRS Revenue Agent. Jay is a member of the Texas Society of CPA’s – Houston Chapter and currently holds an A+ rating from the Better Business Bureau.

We can be reached at: 1-877-720-3477 or email us at info@doggedbyirs.com.

Wage Garnishment is typically a creditors’ last attempt to try to collect debts owed to them. This really affects your ability to pay your mortgage or rent or pay any other outstanding bills that you might have. Wage garnishments, or wage levy as they are sometimes referred to, occur when the creditors ask the courts to intervene and get a judgment against you. These judgments usually require that employers “garnish” or withhold a portion of your wages or bank accounts to pay back the debt.

Besides adversely affecting your ability to pay your bills or buy groceries for you family, wage garnishment can also be a huge source of embarrassment because now your paycheck is involved and your employer is aware of your difficult situation. Employers are required to tell their workers about such wage garnishments and the amounts that they are going to withhold. It is against the law for an employer to fire an employee who has had his wages garnished, these types of protections can go away after second and third judgments that can be obtained by debt collectors.

If you have reached the imposition where your wages are being garnished it might look like there is no hope. But in reality, there is. Jay Allen Finn, CPA based out of Houston, Texas is an ex-IRS agent and nobody is better at getting your wages released to you faster and with less complication than Mr. Finn.

Mr. Finn, also has an excellent A+ rating with the Better Business Bureau in Houston. Be wary of other so-called tax experts that you may have seen advertisements for on the television or billboards. Always do some research with the person who you choose to handle your most important financial affairs.

If your current wages have been levied and you are in need of some REAL help from a REAL professional with no strings attached, contact Jay Allen Finn of DoggedbyIRS.com today. He can be reached by phone at 877-720-3477 or by email at info@doggedbyirs.com!

Don’t wait any longer, get your rightfully earned wages back now!

When making important decisions about who you choose to represent you if you should have any IRS tax problems, there are many very critical things you must be aware of:

1. TV and radio advertisements are overwhelmingly populated by companies promising to settle your tax debt for “pennies on the dollar”. A very large percentage of these companies are mass marketers and sales people that have more experience in sales than actually helping to resolve your tax problems with the IRS. They will charge ridiculous fees promising to clear your tax debt and in most cases, this does not happen, which makes your situation worse. New penalties will accumulate adding interest to your total tax liability. The IRS will have a stronger reason to take increased measures of collection via wage garnishment, tax levy or other physical measures harming your financial situation.
2.  When you respond to one of these TV or radio ads, the person that takes your call is almost always a commissioned sales person only interested in closing your deal, which involves you sending them money. They will never personally be involved in your case. Furthermore, if you don’t sign up, they are relentless with follow-up calls, sometimes calling twice a day.

Our firm has had numerous clients who have been burned before by these companies and we have had to clean up the mess with the IRS. Jay Allen Finn, CPA is a licensed tax professional with over 30 years in the business and is a former IRS agent. So Mr. Finn knows all the details necessary to handle the IRS and resolve your tax problems quickly, efficiently and successfully.

You get a straight shot with Jay Allen Finn. Our phone consultations are more about learning your case rather than closing a deal. We do not hire sale people like in the TV ads. Our staff consists of only licensed professionals, each taking great care in each and every case.

Many of the tax sales companies you may have seen on TV and heard on the radio are out of business now. If you search for some of them on the BBB (Better Business Bureau), some of them have F ratings! Jay Allen Finn, CPA has an excellent rating of A+ with the BBB. Go to our homepage and click on the BBB logo to find out!

So be careful when searching for professional tax help. Hire a true experienced CPA like Jay Allen Finn. You will be better off and go through much less hassle.

Below are several success stories that occurred while obtaining the expertise and tax services of Jay Allen Finn, CPA, located in Houston, Texas. Many of Jay’s clientele approach him with serious issues with the IRS, including owing several years of back taxes, entering Offer In Compromise, wage garnishments and tax liens, to name a few.

Large Case IRS Audit – Here is a client that owed the IRS several years back taxes after attempting to perform their tax audit himself. The IRS wanted over $100,000. The audit was fairly messy because the client tried to work on it himself. . Here is his testimonial:

“After a botched self-help IRS Audit, we found ourselves owing over $70,000 in additional taxes. Jay Allen Finn helped to reduce that amount to $17,000. If you are looking for an experienced, trustworthy, and local professional to assist on IRS problems, you need to look no further than Jay Allen Finn. Thank you, Richard.”

Offer in Compromise – This client owed 4 years of back taxes in the tune of $30k to $40k. The client is a blue collar worked and was unable to pay the hefty fees the IRS was attempting to charge. Jay Allen Finn was able to assist the client by entering into an Offer in Compromise with the IRS. They settled for only $1200 for his delinquent taxes. The offer was a deferred plan, in which he agreed to pay $50 for 24 months. The only stipulation was the client had to pay taxes on time for the next several years or the offer was revoked. Needless to say the client was extremely happy to resolve his tax burden, saving tens of thousands of dollars.

IRS Tax Audit – This was a tough audit that was fought by Mr Finn the entire way. The client owed several thousand dollars after the tax audit. They eventually ruled ‘No Change’ and the client owed nothing!

IRS Offer in Compomise – very similar to the other Offer in Compromise case mentioned previously. This client had owed many years of back taxes and was unable to pay the approximately $30,000 tax debt he had accrued. Mr Finn settled with the IRS and the client only had to pay $50 for 24 months. Another very happy client!

There are many so called tax professionals that you may see on television advertising how great their service is, but in fact many of these same companies have either been shut down or have F- ratings with the Better Business Bureau. Jay Allen Finn is a former IRS agent who has extensive experience fighting the IRS and winning cases on behalf of his clients. He has an A member rating with the Better Business Bureau and works hard for each and every client that experiences problems with the IRS.

To relieve your stress of owing the IRS and the burden of their letters and phone calls, call Mr Finn today at 1-877-720-3IRS (3477) or 1-713-520-0010. Located in Houston, Texas, Jay Allen Finn will fight for you.

You may recall from our previous articles and from facts on our Offer In Compromise page, that the IRS announced last February that they are implementing changes to their IRS lien filing practices. These changes have and will continue to assist individual taxpayers and businesses that have accrued back taxes and unpaid tax liabilities.

Below is a quick outline of some of the important IRS changes to the Offer in Compromise program and IRS lien process:

• Expanding the Offer in Compromise programto a larger group of individual taxpayers.
  • Taxpayers a tax liability of less than $50,000 and up to $100,000 of annual income and will now qualify to enter into an IRS Offer in Compromise.
• An increase in the amount for when the Internal Revenue Service may file a tax lien.
  • The amount of unpaid taxes must now exceed $10,000 before the IRS can file a lien. This is double the previous threshold amount.
• Modification of the procedures for how taxpayers obtain a tax lien removal.
  • Liens will be withdrawn once full payment of taxes has been made.
  • In many cases, a lien will now be withdrawn, when a taxpayer has entered into a Direct Debit Installment Agreement with the IRS.
  • IRS has also streamlined their internal procedures to allow their collection personnel to remove liens for taxpayers.
  • A lien will be removed if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement with the IRS.
• Allows a larger group of small businesses to enter into an Installment Agreement with the IRS
  • Small businesses with $25,000 or less in delinquent taxes will now qualify to enter into an Installment Agreement up from the previous threshold of $10,000.
  • Small businesses will have 24 months to pay and must enroll in a Direct Debit Installment Agreement.

These changes need to be handled by a professional and experienced Tax Professional. Mr Jay Allen Finn operating out of Houston, Texas is the best choice to handle your Offer in Compromise. He has an incredible track record, has an excellent rating as a member of the Houston Better Business Bureau and has helped saved taxpayers substantial amounts of their tax liabilities.

Dogged by IRS has assisted hundreds of clients with Wage Levy and Wage Garnishment issues. We have been in business for over 30 years and our success rate and our ability to help our clients quickly and effectively has made Dogged by IRS one of the best choices to assist in your IRS tax problems. We take a no nonsense approach to help our clients get relief from wage garnishment and wage levies put on them by the IRS. We are not only extremely effective, but we can expedite your case quickly to make sure that your wages are received by you ASAP.

In these difficult economic times it is reasonable for many families to be struggling just to make day to day payments. Sometimes forgoing paying the IRS on back taxes is the only option that many people have. The last thing anyone wants to get in the mail is a letter from their employer or payroll department that their wages are going to be garnished. You are already struggling to pay your current bills. Without your entire payroll check you could be in jeopardy of losing everything. Dogged by IRS understands your predicament and will do everything in our power to get your wage levy lifted as quickly as possible.

Wage garnishments can be up to 100% of your monthly income until the levy is paid off in full. This could leave you and your family with NO MONEY coming in for quite a long period of time. We are able to fix these issues very quickly and make sure that as little money as possible it actually taken out of your paycheck, sometimes ensuring that no money is taken at all. Jay Allen Finn is a former IRS tax auditor that knows the inner workings of the IRS and knows how to get your wage levies lifted as quickly as possible to ensure that your wages are not being garnished any longer.

If you are experiencing a wage levy, bank levy or wage garnishment, contact Jay Allen Finn, CPA of Dogged by IRS immediately. He is honest and upfront and no one will fight harder for you to make sure your wage garnishments are lifted as soon as possible.