It is a little known fact that the you can use debt relief to pay off your credit card bills. There are a lot of people around the world who are suffering from mounting credit card debt and debt settlement could offer you some relief. We all have had issues from time to time with credit card bills and maybe overspending.
The credit card companies make it too easy for us to get multiple cards with limits that are usually above what we can afford with rates we could never pay down. If we are a few days late on our account and the bank is calling to offer more credit -does this happen to you? Or, perhaps you have no source of income and no way to pay, yet they give you credit but not your wage earing spouse. They seem to only want to increase their own risk.
The key to debt settlement is finding the best guarantee and trusting your team, they are available but you have to do your homework. It is important to remember that debt settlement has better end results than getting a traditional debt consolidation loan and much smarter long term. Traditional debt consolidation loans can require you to have some type of security or collateral to obtain the loan. With Debt relief through debt settlement your going to pay back around 50% of what you owe.
You must be patient and be educated in the debt settlement process for it to work for you.
The best thing about debt settlement relief is that when the program is over YOUR DONE. A debt consolidation loan can drag out for years, and can lead to double the debt, and bankruptcy.
Absolute Debt Solutions was established to make a positive impact in people's lives by freeing them from the burden of debt. The debt management programs we can offer are designed to help people become, and continue to live debt-free.
Saturday, February 23, 2008
Banks Levying Taxes And Freeze Accounts
In order to collect back taxes the IRS can freeze or seize part or your whole bank account . This is usually referred to Bank Account Garnishment or a Bank Account Levy. The IRS will notify your bank and seize your bank account with a "Notice of Intent To Levy." However, this seizure is only at that specific day. In other words, they can only seize the money you have at the time of the initial bank account levy.
If you have been hit with a Bank Account Levy, sign up quickly for a Bank Account Levy Release Consultation as you only have 21 days to release the levy (stop the money from going to the IRS and have it returned to you). Once your bank receives the Intent to Levy letter they will hold your funds 21 days before sending it to the IRS so have us contact you today before you lose your money.
What Do I Do If The IRS Already Seized or Levied My Bank Accout?
Filing a claim for reimbursement if the IRS as mistakenly levied you is the 1st step. Next, get a Bank Account Levy Consultation To Appeal to the Tax Court. Use Form 8546 (PDF), Claim for Reimbursement of Bank Charges Incurred Due to Erroneous Service Levy or Misplaced Payment Check.
What Happens Before A Bank Levy?
Many states have different laws around tax levies. With the IRS, they follow a strict protocol. Here is usually how it works:
1) The IRS sends you a by mail a Notice and Demand for Payment:
2) You do not respond or refuse to pay the taxes
3) The IRS will then send you a Final Notice of Intent to Levy and Notice of Your Right to a Hearing at least 30 days before they levy. They can give you this letter in person, or send it to your address or place of business. If they levy your state tax refund, then you will Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Typically, you can call and ask for the IRS to provide you a manager to review your case, or you can ask for a Collection Due Process hearing with the Office of Appeals by writing the IRS office at the bottom of your notice. You need to file your request within 30 days of the day in your notice. Some of the issues you may discuss with them:
* You paid all taxes due before the IRS levy notice was sent
* There was a miscalculating or ill an assessment regarding your taxes
* The legal time to collect the tax expired (aka statute of limitations) before the tax levy was sent
* You wish to discuss the collection options, and never had an opportunity to contest the total taxes due
* You are planning to use spousal defense or proceed needing Innocent spouse relief
If you have been hit with a Bank Account Levy, sign up quickly for a Bank Account Levy Release Consultation as you only have 21 days to release the levy (stop the money from going to the IRS and have it returned to you). Once your bank receives the Intent to Levy letter they will hold your funds 21 days before sending it to the IRS so have us contact you today before you lose your money.
What Do I Do If The IRS Already Seized or Levied My Bank Accout?
Filing a claim for reimbursement if the IRS as mistakenly levied you is the 1st step. Next, get a Bank Account Levy Consultation To Appeal to the Tax Court. Use Form 8546 (PDF), Claim for Reimbursement of Bank Charges Incurred Due to Erroneous Service Levy or Misplaced Payment Check.
What Happens Before A Bank Levy?
Many states have different laws around tax levies. With the IRS, they follow a strict protocol. Here is usually how it works:
1) The IRS sends you a by mail a Notice and Demand for Payment:
2) You do not respond or refuse to pay the taxes
3) The IRS will then send you a Final Notice of Intent to Levy and Notice of Your Right to a Hearing at least 30 days before they levy. They can give you this letter in person, or send it to your address or place of business. If they levy your state tax refund, then you will Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Typically, you can call and ask for the IRS to provide you a manager to review your case, or you can ask for a Collection Due Process hearing with the Office of Appeals by writing the IRS office at the bottom of your notice. You need to file your request within 30 days of the day in your notice. Some of the issues you may discuss with them:
* You paid all taxes due before the IRS levy notice was sent
* There was a miscalculating or ill an assessment regarding your taxes
* The legal time to collect the tax expired (aka statute of limitations) before the tax levy was sent
* You wish to discuss the collection options, and never had an opportunity to contest the total taxes due
* You are planning to use spousal defense or proceed needing Innocent spouse relief
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