levies: Richardson TX - Can the IRS Levy My Retirement Accounts? - 05/10/19 08:09 AM
The Tax Levy
The Levy is a powerful tool available to the IRS to deal with delinquent taxpayers. It quickly gets the Taxpayer’s attention and is the most common reason that new clients come to our Richardson, TX office. There are many different types of assets that the IRS can levy. One of these categories are Retirement Accounts. Some people believe that the IRS cannot touch retirement accounts, however, that is not true. Today, we’ll discuss what the IRS can and cannot levy in regards to Retirement Accounts.
 
The IRS and Retirement Accounts 
The IRS is exempt from the anti-alienation provisions of REISA have … (0 comments)

levies: Richardson TX - What is an IRS Levy and How Does It Work? - 04/25/19 02:37 PM
How Do Tax Levies Work?
Probably the most frequent reason that I have clients come into my Richardson, TX office, related to IRS debt, are when they are levied by the IRS. Being levied, or even the threat of a levy, is a horrible experience for most people, and when it happens, taxpayers are either extremely frightened or angry when they come to my office. This is understandable and we often work with clients to remove the levies and get life back to normal.  Today, we’ll address the overall process. In our next blog, we will discuss in greater detail how to … (0 comments)