IRS Levy Protection

When You Wake Up to Find Your Money and Assets Gone… We’ll Help You Get It Back.

If you owe money to the IRS, they may choose to come get their payment by levying your property. This means you might literally wake up one morning with nothing! You may find your bank accounts have been cleaned out, your assets have been seized, and your wages are being garnished. There is no “affordable payment plan” when you are dealing with the IRS. Their goal is to gain what is owed to them quickly and completely.

If you are ignoring communications from the IRS, an IRS Tax Levy may well be in your future.

Once the IRS is garnishing your wages, they will continue to take money directly from your paycheck until your tax debt is paid, without regard to leaving you enough money to pay the rest of your bills. They will even take what you already own and begin selling it at auction in order to get the money owed to them.

You don’t want to find yourself in this situation.
If you are in this situation, however, let us see what we can do to help. We can often get at least some of these levies released and to help you move toward the goal of getting your life back.

Frequently Asked Questions - IRS Levy Protection

What is an IRS levy?

An IRS levy is a legal seizure of property to satisfy unpaid federal tax debt. Unlike a lien (which is a claim), a levy is the actual taking of assets. 

What happens before the IRS issues a levy?

Before issuing a levy, the IRS must:

  1. Assess the tax
  2. Send a Notice and Demand for Payment
  3. Issue a Final Notice of Intent to Levy
  4. Provide notice of your right to a Collection Due Process (CDP) hearing. 
How much notice do I receive before a levy?

You generally receive at least 30 days after the Final Notice of Intent to Levy before enforcement can begin. 

Failure to respond within that period allows the IRS to proceed.

Can the IRS levy my Social Security benefits?

Yes. 

The IRS can levy up to 15% of certain federal payments under the Federal Payment Levy Program. However, hardship relief may be available in qualifying circumstances. 

How do I stop an IRS levy?

Possible methods include:

  • Requesting a Collection Due Process (CDP) hearing
  • Entering into an Installment Agreement
  • Submitting an Offer in Compromise (OIC) 
  • Requesting Currently Not Collectible Status (CNC)
  • Demonstrating economic hardship
  • Proving the levy was issued in error
What is "Currently Not Collectible" status?

CNC status is granted when paying the tax debt would create economic hardship. 

If approved:

  • Active levy actions generally stop
  • Collection activity is suspended
  • Penalties and interest continue accruing
  • The IRS may review your financial condition periodically
When should I seek professional help?

Immediately upon receiving:

  • Final Notice of Intent to Levy
  • Revenue Officer Contact
  • Wage Garnishment
  • Bank Levy
  • Notice of Federal Tax Lien

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

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