A tax levy is one of the many ways through which the Internal Revenue Service satisfies their
tax liability. A tax levy is a great tool for creditors and an even greater tool for the IRS, seeing
that they do not need judgment from the court to be able to access a tax debtor's account.
In simple terms, a tax levy is a situation where the IRS seizes a tax payer's assets to make up
for their unpaid tax.
Wage garnishment, asset seizure, and property seizure are all forms of tax levy. The IRS can
choose to employ any process suitable for them and the situation to recover all taxes due.
How to resolve a Tax Levy
When it comes to tax levies, it is always better to prevent them from happening than to try to
handle them when they come.
If you are already getting constant messages from the IRS reminding you of your tax debt, a tax
levy may be imminent. At this stage, it is wise to handle the situation quickly to prevent it from
moving to the tax levy stage.
If you are stuck and do not know what to do about a tax levy, then let us help you. We are
experts in handling tax matters, and if you are worried about a tax levy that has been placed on
your account, you should call us now.
When you receive a notification from the IRS about your tax debts, do not panic. Seek
professional help immediately.
Listed below are common ways to stop a tax levy:
If the debt is not yours.
- Dispute the levy; It may be a case of identity theft or creditor error. If you are not the one owing
or you have fully paid the tax, you can fight the judgment and stop the IRS from proceeding with
the tax levy.
If the tax debt is yours,
- The statute of limitations has passed: If it is an old debt, the IRS may not have the right to
access your personal account or assets. This varies depending on your state pf residence.
- The IRS did not notify you of any legal action beforehand: Before a tax levy is placed on your
account, it is expected that the IRS sends constant reminders to you and then a " final reminder" alerting you of the legal actions to come.
If you received no such notification from the IRS, it means that they did not properly prepare you
for legal actions and you may be able to prevent them from taking further action. Call us
immediately for professional assistance.