Avoid Automated IRS Tax Levies and Tax Liens in the Next 10 Days

By
Services for Real Estate Pros with Richardson Accounting and Tax

The IRS has announced that they will be reinstating their automated IRS Tax Levies and Tax Liens on August 15, 2021. Taxpayers have 10 days to follow up on IRS notices warning about unpaid tax debts.

 

Failure to respond to IRS notices will lead to wages and commissions being garnished and bank accounts being seized. The IRS can file a Notice of Federal Tax Lien (NFTL) that will attach to any existing and future property. This includes residential and commercial real estate.

 

While former IRS notices that have been mailed to taxpayers during the pandemic have not been followed by IRS collection enforcement, that is about to change. Take any IRS correspondence warning of tax levies or tax liens seriously in order to protect your income and assets from seizure.

Photo by Monstera from Pexels

Posted by

Howard Richardson

Enrolled Agent

IRS and State Tax Representation

(213) 545-1799

howard@hrichtax.com

http://www.hrichtax.com

Comments (1)

Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Important news to share. Trusting most take IRS notices seriously already.  Enjoy your weekend.  Mark

Aug 06, 2021 06:34 PM