IRS Tax Levy + How Many Times Can IRS Levy? Former IRS Explains

March 24, 2016
Written by: Jim Magary

 

Fresh Start Tax

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I am a former IRS agent and teaching  instructor with the Internal Revenue Service.

Internal Revenue Service has the right to levy is many times as it needs to it, however it all depends on a case.

The IRS is just trying to get your attention. IRS just wants to close their case and move onto the next. As a former IRS agent I’ve issued thousands of levies.

 

What actions must the Internal Revenue Service take before a levy can be issued?

The IRS will usually levy only after these three requirements are met:

• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);

• You neglected or refused to pay the tax; and

• The 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.

The IRS 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.

Please note: 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.

 

As is a former IRS agent I would continually levy taxpayer assets until I got the attention of the taxpayer.

The levy is set out in the first place because taxpayers have failed to respond to IRS final notices to the computer system.

The Internal Revenue Service levies are generated from their collection to computer to accounts that have not been put in a freeze, hardship, payment agreement or have an offer in compromise pending.

The Internal Revenue Service just wants to go ahead and close their case.

The quickest way to take care of the matter is simply to go ahead and call the Internal Revenue Service and work out a solution to get the case off the enforcement computer.

 

Levies = 668A, 668W

Please note that a bank account levy, 668A is a one-time levy. If IRS wants to continue levying they must generate another 668A notice of levy.

On the other hand is 668W is a continuous levy. Once the levy is issued to the third-party they must continuously turn over money to the Internal Revenue Service.

If you are being bothered by an IRS tax levy call us today and we cannot only get your levy release but settle your case.

Settlements can include having your case put in hardship, payment agreements or through the offer in compromise program.

 

IRS Tax Levy + How Many Times Can IRS Levy? Former IRS Explains

 

 

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