What is a Tax Levy IRS – Stop the IRS Levy with Former IRS Agents 1-866-700-1040
We are comprised of tax attorneys, certified public accountants and former IRS agents.
We have over 60 years of direct working knowledge and experience with the local, district, and regional tax offices of the Internal Revenue Service. We taught tax law at the IRS.
Our firm has over 205 years of professional tax experience and we are A+ rated by the Better Business Bureau.
If you need any help with an IRS tax Levy contact us today for free tax consultation and we can offer quick and fast actually for any IRS problem or current situation you have.
We can immediately and permanently resolve any IRS problem because of our years of experience with the Internal Revenue Service.
Stop the worry and stress what real tax professionals take care of your IRS tax Levy.
What is a tax levy
A levy is a legal seizure of your property to satisfy a tax debt.
Tax levies are different from the federal tax liens.
A federal tax lien is a claim used as security for the tax debt, while a IRS tax levy actually takes the property to satisfy the tax debt, it is actual a government seizure.
If you do not pay your taxes the IRS may seize and sell any type of real or personal property that you own or have an interest in.
IRS actually has the option to seize and sell property that you hold such as your car, boat, or house, or 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 can usually levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. After 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.
How the tax levy must be delivered
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.
A note about your state tax refund
If we levy 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.
If you are having a hardship as a result of the levy
If a levy on your wages, bank account or other property is causing a hardship you should contact us today so we can provide immediate and permanent relief.
If the IRS determines the tax levy is creating an immediate economic hardship, the levy may be released.
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
The collection due process hearing
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice.
You must file your request within 30 days of the date on your notice.
Some of the issues or situations you may discuss include:
a. You paid all you owed before we sent the levy notice,
b. We assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
c. The IRS made a procedural error in an assessment,
d. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
e. You did not have an opportunity to dispute the assessed liability,
f. You wish to discuss the collection options, or
g. You wish to make a spousal defense.
The IRS office of appeals
At the conclusion of your hearing, the Office of Appeals will issue a determination. You will have 30 days after the determination date to bring a suit to contest the determination. Refer to Publication 1660 (PDF), for more information.
If your property is levied or seized, contact the employee who took the action. You also may ask the manager to review your case. If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals.
Levying Your Wages, Federal Payments, State Refunds, or Your Bank Account
If we levy your wages, salary, federal payments or state refunds, the levy will end when:
a. The levy is released,
b. You pay your tax debt, or
c. The time expires for legally collecting the tax.
A bank account tax levy
If we levy your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days.
This holding period allows time to resolve any issues about account ownership.
After 21 days, the bank must send the money plus interest, if it applies, to the IRS. To discuss your case, call the IRS employee whose name is shown on the Notice of Levy.
A tax levy on your wages
If you have been served with the 668-W you now have a continuous wage levy on each and every paycheck until the tax levy is released. contact us today to find out how you can get an immediate and permanent tax resolution on any tax levy that you now have.
What is a Tax Levy, Help Stop the IRS Levy with Former IRS Agents
