4415 Hollywood Blvd
Hollywood, Fl 33021
3393 Long Beach Road
Oceanside, NY 11572
The IRS can place a Wage Garnishment on your wage when you
have liabilities. The IRS can force your employer to
hold back your weekly wage to pay off your debt. Having
your wage garnished can be a difficult and embarrassing
Our professionals understands how stressful and
disturbing a Wage Garnishment can be to you and your
family. Immediately after your call or meeting with one
of our tax experts, we will begin negotiations with the
IRS to release the Wage Garnishment. Often we can secure
a release with our first contact. If not, we will
determine what the IRS requires to stop the Wage
Garnishment and work quickly to get your paycheck back
into your hands.
A levy is a
legal seizure of your property to satisfy a tax debt.
Levies are different from liens. A lien is a claim used
as security for the tax debt, while a levy actually
takes the property to satisfy the tax debt. If you do
not pay your taxes (or make arrangements to settle your
debt), the IRS or State agency may seize and sell any
type of real or personal property that you own or have
an interest in. |
- The IRS
could seize and sell property that you hold (such as
your car, boat, or house) OR
- The IRS
could levy property that is yours but is held by someone
else (such as your wages, retirement accounts,
dividends, bank accounts, licenses, rental income,
accounts receivables, the cash loan value of your life
insurance, or commissions).
IRS usually levies only after these three requirements
IRS assessed the tax and sent you a Notice and
Demand for Payment
neglected or refused to pay the tax
IRS sent you a Final Notice of Intent to Levy and
Notice of Your Right to A Hearing (levy notice) at
least 30 days before the levy.
may give you this notice in person, leave it at your
home or your usual place of business, or send it to your
last known address by certified or registered mail,
return receipt requested.
If the IRS levies your state tax refund, you may receive
a Notice of Levy on Your State Tax Refund, Notice of
Your Right to Hearing after the levy.
If the IRS levies your wages, salary, or federal
payments, the levy will end when:
levy is released
pay your tax debt
time expires for legally collecting the tax
IRS levies your bank account, your bank must hold funds
you have on deposit, up to the amount you owe, for 21
days. This holding period allows time to resolve any
issues about account ownership.
After 21 days, the bank must send the money plus
interest, if it applies, to the IRS.
If you are facing a Bank Levy, you should
We will research the details of your particular
situation and advise you on the best actions and likely
results. We will represent you and negotiate with the
IRS to free your resources as quickly as possible.
Federal Tax Liens give the IRS a legal claim to your
property as security or payment for your tax debt. A
Notice of Federal Tax Lien may be filed only after the
IRS assesses the liability.|
You will be sent a Notice and Demand for Payment – a
bill that tells you how much you owe in taxes; and you
neglect or refuse to fully pay the debt within 10 days
after the IRS notifies you about the lien. Once these
requirements are met, a lien is created for the amount
of your tax debt. By filing notice of this lien, your
creditors are publicly notified that the IRS has a claim
against all your property, including property you
acquire after the lien is filed. This notice is used by
courts to establish priority in certain situations, such
as bankruptcy proceedings or sales of real estate.
The lien attaches to all your property (such as your
house or car) and to all your rights to property (such
as your accounts receivable, if you are a business).
Once a lien is filed, your credit rating may be harmed.
You may not be able to get a loan to buy a house or a
car, get a new credit card, or sign a lease. Therefore
it is important that you work to resolve your tax
liability as quickly as possible, before lien filing
It is critical to
us before the
lien is attached to your property. You do have appeal
rights when a lien is filed. These must be exercised
within 30 days of the notice filing date. If the lien
has already been attached to your property, we can
contact the IRS and begin the process of releasing the
Offer in Compromise|
An Offer in Compromise (OIC) is an agreement between a
taxpayer and the Internal Revenue Service that resolves
the taxpayer's tax liability. The IRS has the authority
to settle, or compromise, federal tax liabilities by
accepting less than full payment under certain
circumstances. A variety of IRS formulas exist to
determine whether a taxpayer qualifies for relief. It is
critical to employ an experienced consultant to
structure the request. Otherwise, the taxpayer might end
up paying more than needed, or have their request
The Accounting Firm of Albert Haft, P.A.
is highly experienced at using the
Offer in Compromise process, which is an excellent
vehicle to resolve federal tax liabilities.
The first step in this process is to file all delinquent
tax returns. This step must be completed before the IRS
will even begin to consider the eligibility of the
client for an Offer In Compromise agreement. Our office
will prepare all returns for you.
The IRS may legally compromise for one of the following
reasons: doubt as to liability, when doubt exists that
the assessed tax is correct; doubt as to the
collectability, when doubt exists that the taxpayer
could ever pay the full amount of tax owed; or effective
tax administration. Under effective tax administration,
there is no doubt that the assessed tax is correct and
no doubt that the amount owed could be collected, but
the taxpayer has an economic hardship or other special
circumstances which may allow the IRS to accept less
than the total balance due.
By scheduling a meeting with us, we can
determine your eligibility for an Offer In Compromise
and prepare the request for the IRS.
Your IRS debt can grow quickly as interest and penalties
are added to the amount owed. However it is possible to
challenge these amounts and in many cases reduce or
Penalty Abatement is based on your claim that
circumstances beyond your control led to your IRS debt.
If you can prove that you had reasonable cause not to
make your payments and showed due diligence and no
neglect in attempting to repay your debt, then you may
be able to reduce your penalties.
Some of the possible reasons for not paying your tax
Illness, Death, or Unavoidable Absence
to Obtain Records
Incorrect Advice from a competent tax professional
Incorrect advice directly from the IRS, written or oral
Casualty, Natural Disaster, Other Disturbance
experts will meet with you to
discuss the details of your situation. We will help you
gather the necessary receipts, documents and forms to
assemble a Penalty Abatement Request. If penalties and
interest were paid incorrectly, you might qualify for a
The mere thought of an IRS tax audit causes fear and
anxiety in the minds of most American taxpayers. The
process appears intimidating and you are thinking:|
records should you bring?
- What are
they looking for?
- What did
you do wrong?
penalties are involved?
Our tax professionals
representing clients during IRS audits for many years.
You do not have to fear a tax audit when you are well
prepared. But it is to your advantage to meet with us to
discuss your records and circumstances
During our first meeting, we can examine the details of
your situation and determine the best methods to
research and present the facts to the IRS. We may need
additional information, which we will help you gather.
We will consider all aspects of your personal and
professional finances, and how they may affect the tax
Unpaid Back Taxes|
Taxpayers should file all tax returns that are due,
regardless of whether or not full payment can be made
with the return. Depending on an individual’s
circumstances, a taxpayer filing late may qualify for a
payment plan. All payment plans require continued
compliance with all filing and payment responsibilities
after the plan is approved.|
Facts about Filing Tax Returns
Failure to file a return or filing late can be costly.
If taxes are owed, a delay in filing may result in
penalty and interest charges that could increase your
tax bill by 25 percent or more.
There is no penalty for failure to file a tax return if
a refund is due. But by waiting too long to file, you
can lose your refund. In order to receive a refund, the
return must be filed within three years of the due date.
If you file a return, and later realize you made an
error on the return, the deadline for claiming any
refund due is three years after the return was filed, or
two years after the tax was paid, whichever expires
Taxpayers who are entitled to the Earned Income Tax
Credit must file a return to claim the credit even if
they are not otherwise required to file. The return must
be filed within three years of the due date in order to
receive the credit.
If you are self-employed, you must file returns
reporting self-employment income within three years of
the due date in order to receive Social Security credits
toward your retirement.
Taxpayers who continue to not file a required return and
fail to respond to IRS requests for a return may be
considered for a variety of enforcement actions.
Continued non-compliance by flagrant or repeat
non-filers could result in additional penalties and/or
We will gather the necessary
information from you to complete all of your late tax
returns (personal, corporate, payroll and sales tax).
Once the total tax liability is known, we will work with
you to decide on the best course of action. Please
contact us to arrange a meeting.