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. 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 put you in good standing with the IRS, with what you can afford, and let
you start life anew.
Please complete the form
below to get a consultation with our tax specialist.
