A levy is the IRS's way of getting
your immediate attention when you have ignored their prior attempts to collect
unpaid taxes. Levies are used to seize your wages and whatever 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! Imagine waking up one morning and
finding all your bank accounts have been cleaned out. They will take every
dime. If this amount did not cover what is owed, they'll keep taking your money
until the taxes have been paid in full. They know that levying your bank
account will cause checks to bounce, alerting many people that you have tax
problems. But they don't care! Their sole objective is to collect the taxes
owed.
Additionally, another method to
collect unpaid taxes that the IRS has at its disposal is a wage garnishment.
That's when the IRS attaches to your wages and don't leave you enough to pay
the bills. Most of your check goes
to the IRS each and every week until the debt is paid. Furthermore, your employer is made
aware of your IRS problems which can lead to an embarrassing and unpleasant situation
at your place of employment.
We are regularly retained to
negotiate the release of IRS wage garnishments by arranging a payment plan. The
payment plan negotiated by us is always more favorable than any IRS wage
garnishment. It allows you to receive your whole paycheck without fears of
future wage garnishments.
If that doesn't accomplish what
they want, they'll pull out all the stops. They'll seize your assets, and sell
them at auction. That includes everything you own; home, cars, boats, jewelry,
motorcycles, insurance polices, retirement funds, anything of value. Seizures
usually happen in aggravated cases when someone ignores many requests by the
IRS over a long period of time to pay their outstanding taxes.
We are often able to get liens,
levies, and wage garnishments released and help you get out of this terrible
situation. Our goal is to get you even with the IRS, with what you can afford,
and let you start life anew.
Please
contact us for a free consultation if you have received or are about to receive
a federal or state levy, lien, or wage garnishment, as immediate action is
imperative.
