Federal Tax Levies
Do You Currently have a Federal Tax Levy?
The IRS can levy your wages, property, bank accounts, and even your retirement accounts.
Levies can absolutely ruin your life. The IRS uses levies as a way of getting your immediate attention. They usually impose a levy after they have tried to communicate with you but you have ignored them. Levies can seize your wages and all other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!
You could wake up one morning and find all your bank accounts with zero “0” balance. Sometimes this amount will not cover what is owed. If that’s the case, they'll keep taking your money until you cover your tax liability. Their sole objective is to collect the taxes owed.
If seizing your bank accounts and garnishing your wages is not enough to pay your tax debt, the IRS can seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, anything of value.
Our goal is to get you even with the IRS, with what you can afford, and let you start life anew. We can work with them to find a better way to pay off your tax debt. Never ignore a letter from the IRS. Contact us immediately and we will begin to negotiate with the IRS on your behalf. When you contact the IRS through a CPA, it suggests that you are trying to resolve the matter quickly and are acting in good faith to resolve the problem.