Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Plano TX - IRS Levy Relief
The IRS is certainly amongst the most powerful creditors in the world. They have several tools at their disposal to collect delinquent taxes. The tool that gets the quickest attention of a taxpayer who owes taxes is the Levy. When taxpayers with an IRS levy come to our Richardson TX office, they are often incredibly stressed and want to immediately deal with their tax issue.
What is an IRS Tax Levy?
An IRS levy permits the IRS to legally seize the taxpayer’s property, including garnishing wages, taking money from bank accounts or other financial accounts, as well as seizing real estate, vehicles and other personal property to satisfy a tax debt.
When does the IRS Levy a Taxpayer?
The IRS doesn’t immediately Levy a Taxpayer who owes taxes. There is a process with delinquent tax debt that leads to a levy including the following steps:
The tax return is filed and the tax is assessed. An initial notice goes out notifying the taxpayer of the tax owed. Several Additional notices are sent to the taxpayer. If the taxpayer pays attention, the notices get increasingly more direct. Eventually, the IRS sends the Taxpayer a Final Notice of Intent to Levy. This is often IRS ... more
Are you on The Rain? Grow Your Network!