We are affordable full service tax firm that specializes in the release of levies. Since 1982 we one of the most trusted tax resolution firms in the industry.
You can call us today and speak to a CPA or former government agent who knows the exact process of how to get a fast and affordable levy release with the possibility of settling your case at the same time through an offer in compromise.
As a general rule, the board of equalization does not send out a tax levies until it tries to take positive steps to reckon the collection of the tax through voluntary compliance.
Should voluntary compliance fail, collection activities includes liens, levies, wage garnishments , suspension of licenses and other similar actions.
The appropriate collection actions are determined by the collection staff after a careful review each taxpayer circumstances and compliance history.
The decision to take summary collection actions is not taken lightly and it is never the first option they always asked to voluntarily collect the facts
The levy procedures are as follows:
After steps have been taken to collect the money and all notices have been sent and the tax liability still remains at large as well as all voluntary compliance methods have failed and the taxpayer has not make arrangements to pay the tax, a notice of levy is usually the most effective collection activity taken by the BOE staff.
When the financial institution or others holding the asset receive the levy it will a place a 10 day hold on the taxpayer’s assets unless a claim of exemption is filed within 10 days.
The funds will be sent on the 11th day. The tax levy notice that is sent will include two copies one that is sent to the entity being levied typically the bank or credit union and a copy to the taxpayer.
Should you have any question call us today for free initial tax consultation and we will walk you through the process of obtaining a levy release. We are a full service tax firm with all work being done in-house.
Tax Levy California + Board Of Equalization + Fast Bank Levy Releases
