Real Estate Agent, Broker – IRS Tax Levy, IRS Tax Problem – Former IRS 1-866-700-1040
If you are a victim of a IRS Levy, call us today to get an immediate release.
If you are a real estate agent or real estate the real estate industry and are having any IRS tax problems contact us today for free initial consultation.
The real estate industry has been hit extremely hard with the current economy and we are finding thousands and thousands of real estate agents and brokers having IRS problems. Unable to meet estimate tax payments or current tax obligations many a real estate agents and brokers are are finding themselves behind the 8 ball.
The money that was commonly used to pay estimated tax payment is being used just to meet necessary living expenses. The real estate industry has been hit as hard as the construction industry and as the result the IRS problems continue to mount.
Do not be bullied by the Internal Revenue Service if you’re going through such a situation. IRS has provisions within its code to let you apply for an economic tax hardship or set up a current payment agreement or even apply for an IRS tax debt settlement called the offer in compromise.
Call us today and we will review your tax options with you and find a current solution for the problem that you are in.
What is a Tax Levy
A levy is a legal seizure of your property to satisfy a tax debt.
IRS 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 may seize and sell any type of real or personal property that you own or have an interest in.
For instance,
IRS has the ability to seize and sell property that you hold (such as your car, boat, or house), or
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 levy only after these three requirements are met:
1. IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. 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.
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.
