IRS Levies
Levies can really do a lot of damage and even ruin your life. A levy is
the IRS's way of getting your immediate attention. What they are saying
is, we have tried to communicate with you but you have ignored us.
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,
auto's, 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 you cover your
tax liability. 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.
Period.
As
bad as that is, a worse method is a wage levy (or garnishment). That's
when most of your pay check goes to the IRS, they don't leave you enough
to pay the bills, and most of your check goes to the IRS each and every
week until the debt is paid.
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.
We
are often able to get those levies 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 complete the form below to get a Free Consultation with
our tax specialist.
