Stop IRS Tax Levy: Expert Resolution and Tax Relief Services

It’s worth noting that the IRS usually levies only after these three requirements are met:

Where Does Internal Revenue Service (IRS) Authority To Levy Originate?

The Internal Revenue Code (IRC) Authorizes Levies To Collect Delinquent Tax. See IRC 6331.
Any Property Or Right To Property That Belongs To The Taxpayer Or On Which There Is A Federal Tax Lien Can Be Levied And Tax Levy Wage Garnishment Issued.

IRS Notice Of Levy

Prior to issuing an IRS tax levy, the IRS must take the following steps:

It is important to note that the specific steps and timelines may vary based on individual circumstances and the type of tax liability involved. Consulting with a tax professional or referring to the IRS guidelines is advisable for accurate and up-to-date information.

Why Is There A Tax Levy On My Paycheck?

A tax levy on your paycheck, often referred to as a wage garnishment, is one of the tools the IRS (or state tax agency) uses to collect unpaid taxes. If you see a tax levy on your paycheck, it’s typically because:

If you find that there’s a tax levy on your paycheck, it’s essential to act quickly. I can help you understand your rights, potentially negotiate with the IRS, and explore options like setting up a payment plan or making an offer in compromise.

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A levy is the IRS’s way of getting your money and your immediate attention. What they are saying is, “We have tried to communicate with you, but you have ignored us. If you own it, we can take it.” That includes bank accounts, autos, stocks, bonds, boats, pension checks, paychecks, and even Social Security checks! Imagine waking up one morning and finding your bank accounts have been cleaned out. If this amount did not cover what is owed, they will keep filing levies until they have collected every dollar you owe.

They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. They do not care! Their sole objective is to collect the taxes owed. Period. As bad as a bank levy is, a worse problem is a wage levy (or garnishment). That is when most of your paycheck goes to the IRS or State, and they do not even leave you enough to pay the bills. If that doesn’t accomplish what they want, they’ll pull out all the stops. They can seize and sell your assets.

Understanding IRS Levies

If you are one of the millions of American taxpayers who find themselves in the IRS’s crosshairs, an IRS levy is stressful and disruptive at best, and financially catastrophic at worst.

The IRS is in the business of collecting money for the Federal Government and often finds itself in the position of needing to compel taxpayers to meet their tax obligations.

Levies are one of the tools they use for that compulsion. The IRS prefers seizing liquid assets such as bank accounts, wages (through garnishment), and social security benefits.

However, they will also seize and liquidate assets such as retirement accounts and cash value life insurance policies.

The IRS will even seize and liquidate vehicles and real estate if the assets hold sufficient equity to justify the cost of the liquidation process.

Frequently Asked Questions

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