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Summary of Video
How to Put the IRS on Hold
The IRS is great at putting taxpayers on hold! Anyone who has ever called the IRS knows that. Now, how would you like to reverse this, and put the IRS on hold? Let’s say you have just received a Notice of Intent to Levy and Your Right to a Hearing, or similar wording. What do you do? You put the IRS on hold!
Hi, I’m Dave Horwedel, CEO of Torchlight Tax. If you’ve received this notice, it means the IRS is warning you they intend to levy — meaning they can take your bank account, garnish your wages, or seize other property. The word “hearing” in a notice tells you the IRS is serious. They have to alert you that you have a right to a hearing before they can seize your assets My first advice is to have Torchlight Tax, or another trusted tax-legal professional, handle it for you. We will likely PUT THE IRS ON HOLD by filing a Form one-two-one-five-three for you, which is a Request for a Collection Due Process Hearing. This filing stops the IRS from moving forward with enforced collection while the Appeals Office reviews your case. It gives us the opportunity to challenge the proposed levy, negotiate an installment agreement, submit an Offer in Compromise, or raise other defenses depending on your situation. It’s important to act fast — you generally have 30 days from the date on the notice to file this form and get that protection. So the key takeaway is: don’t wait. Get professional help quickly.
Filing the one-two-one-five-three puts the IRS on hold and gives you breathing room to work out a resolution. One final note. You have let your tax situation go unhandled far too long if it has gotten to this point. This IRS notice was the last step before seizing your bank account. There are usually many notices before. The hearing gives us more time to remedy the situation. The remedy often requires getting your bookkeeping done and unfiled taxes filed, so this time IS needed. I also strongly recommend you do engage an experienced pro to handle the hearing for you. We know what to say to the IRS and what not to say. You, not being experienced in IRS Representation, might inadvertently say something that was tantamount to an admission of guilt.
If you need help with handling the IRS or would like to save money on taxes, contact Torchlight Tax for a free consultation at 877-758-7797 or info@torchlighttax.com. If you found this video helpful, please like it, share it, or subscribe to our YouTube channel.