How to Remove an IRS Levy or Garnishment | 503

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Remove an IRS Levy

Learn what Uncle Sam doesn’t want you to know and remove an IRS levy! Find out why you should write that big check to Uncle Sam right now, how to remove an IRS levy and get the money back, and why you should have a tax advocate when ceasing a levy. 

Remove an IRS Levy

What You Will Learn About How to Remove an IRS Levy or Garnishment: 

    • Why you should write that big check to Uncle Sam right now and, 
    • How Tim Berry can help you with it to pay less
    • What an IRS levy is
    • How to remove an IRS levy and get the money back 
    • Why you should call Tim and Bernie immediately if you receive a levy notice with the 1058 code 
  • Why you should have a tax advocate when ceasing a levy

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Transcript:

Matt Theriault: Hey, welcome to another episode of Tax Hacker Tuesday, and just a quick note before we get on with the show, a quick note about paying less to Uncle Sam this year. Waiting until April 14th, that’s not the time to do it. There’s nothing you can do, there’s nothing your CPA or tax preparer can do at that point, and December 31st, that’s not the time to do it either. It’s too late. Besides, your CPA will probably be ringing in the new year and not picking up the phone on December 31st. So if the thought of writing that big check to the IRS is as nauseating to you as I remember it being for me, then the time to deal with it and minimize the amount that you have to pay, that time is right now. We’re in the fourth quarter. Tax planning needs to happen right now.

I mean, consider this. If I offered to give you $2,000, I’ve got $2,000 in my hand, and I offered to give it to you for $1,000, meaning you give me $1,000, I give you $2,000 back, would you make that trade? Of course, you would. You’d double your money with that simple exchange. It’s what we call a no-brainer.

Well, that’s the very offer that Tim Berry has been extending to you all year long with The Tax Hacker Blueprint, normally $3,000 a year for this level of planning and consulting that he’s offering, and the introductory offer is half off, just $1,500, and if Tim and his team can’t save you at least double that, then it’s free, you pay nothing, so go to taxhacker.com, grab Tim’s free book on how to navigate the loopholes in Trump’s new tax plan. You’re going to need that, and, after, you’ll have an opportunity to schedule some time with Tim and his team and just let them know that you heard this on the Epic Real Estate Investment podcast, and tell him you want your Tax Hacker Blueprint. Go to taxhacker.com, and everything you need is right there. Alrighty? Now, on with the show.

Speaker 1: This is Theriault Media.

Did you know that up to 50% of your lifetime income will be wiped out by taxes? What if you could stop this madness? Isn’t it about time you play on a level playing field with the wealthiest 1%? Now you can. Tim Berry, attorney at law, shares here each and every week current tactics and strategies that anyone can implement to hack the tax code, protect your assets, and keep what’s rightfully yours. It’s time for Tax Hacker Tuesday.

Bernie Gartland: Tim.

Tim Berry: Bernie.

Bernie: You have people that know the old captives and, and there are two entities that they do not want to hear from you. No, it isn’t the IRS, It’s the bank, the bank says, by the way, Mr. Taxpayer, you just got your account levied on, which means the attack is already going to take it. The other thing is, the secretary says, the boss wanted to see her and the taxpayer walks in and says, what’s up? And he says, what’s up is we just got a levy on your wages. Now, if you know your old taxes and you sit there and do nothing, this is what happens. But there is a preventive measure that most of you do not know exists. Do you know what that is?

Tim: Yeah. I don’tBerinie because you’re Harvard trained and educated and for us lowly people, you’re using this fancy word levy is that something that holds back water?

Bernie: Levy takes things away from you, they don’t hold back anything and it precludes you from using your money.

Tim: So Levy is the IRS fancy word for garnishment. We’re going to start garnishing your wages, we’re going take to wake your bank account and everything. So the question is, how can we stop the Garnishment of the IRS If they’re going to start going after wages, is there a way to stop a levy them taken away your bank account?

Bernie: Before it happens,

Tim: Before it happens, and the answer is absolute there’s a whole. Can I use your word?

Bernie: Whatever that word is, we’re on the camera.

Tim: Oh yeah, we got to be careful on that FCC rules and everything. Now there’s a plethora of options available to people. Uh, and many of these options is as simple as a phone call. You can pick up your phone, you could call up your friends at the IRS and you can say, IRS, under this particular code section, I want you to not engage in a garnishment or a levy upon my salary. I want you to cease the levy activity on my bank account. And if you do things right, the cool thing is not only do they have to cease the levy, not only they have to cease the garnishment, release it, but they do what sir?

Bernie: They give you money back.

Tim: They give you the money back. Actually, the money that they took away from you is given back to you. So don’t despair role. It’s easy for me to say don’t despair if you get a levy noticed by the IRS, but if you do get the levy notice, in particular, the ones that have the registered receipt, an envelope on it and it has 1058 at the bottom of it. You want to give us a call immediately because if you call us immediately we can probably get that removed and or stalled for quite a long time. But if you wait and you wait and you wait, it’s going to be very difficult to get that removed.

Bernie: And you know what the interesting thing is the IRS is totally aware of their own statute that says, if we get a call from, especially from the tax advocate, which is, which is we’re representing the people that they will not issue this garnishment or levy, but they’re not going to tell you that you because they don’t want you to know, we know it that’s why you need to call us.

Tim: And that’s the bottom line. If you have tax issues, by all means, give us a call. If a loved one has tax issues, by all means, have them give a call. We can help them.

Bernie: Do not do nothing, being proactive, if you know you owe taxes, there are statutes, there’s laws that the IRS abides by that will prevent them from issuing grabbing money. But you need to know what it is, they know what it is, but they’re not going to tell you. So give us a call, see you next time.

Speaker 1: That’s it for today. As we dream of a text system that works just for you, but until then you have Tim Berry see you next Tuesday for another episode of Tax Hacker Tuesday.

Matt: Hey rock star, If you have a question here for Tim that you’d like him to answer on the show, anything tax related, anything with asset protection related, go to tax hacker.com/questions. Post your question there and then we’ll answer it live right here on Tax Hacker Tuesday.