IRS Tax Levies
What do IRS levies mean to you?
IRS levies are a way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. IRS levies are used to seize your wages and whatever other assets you have. If you own it, they have the power to take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!
What Can the IRS Do?
Imagine waking up one morning and finding all your bank accounts have been cleaned out by the IRS.
They will take every dime. If this amount did not cover what is owed, they’ll keep taking your money until you cover the tax liability they think you owe. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. They don’t care! Their sole objective is to collect the taxes owed. Period.
How Will the IRS Collect?
As bad as that is, a worse method is a wage levy (or IRS garnishment). That’s when most of your pay check goes to the IRS. They don’t even 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.
We Can Help!
We can halt the current collection actions against you so you have time to address this issue to avoid being financially ruined by these heavy-handed actions. You can get your life back!