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What Can I Do If I Get Hit With a Tax Levy?

By
Education & Training with Apex Tax Defense LLC

I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, Texas, New York, California and elsewhere. A tax levy is a legal action taken by the IRS to collect unpaid taxes by seizing a taxpayer's assets, such as wages, bank accounts, and property. If you receive a notice of tax levy, it's important to take immedate action to resolve this issue. Here are some steps to take:

1 - Contact the IRS  - you can contact the IRS to request a release of levy or to discuss payment options

2 - Request a hearing - you can request a hearing with the IRS Office of Appeals to dispute the amount of the tax debt or the proposed levy

3 - Submit a payment plan - you can submit a payment plan to the IRS to pay off the tax debt over time

4 - Submit an Offer In Compromise - if you are unable to pay the full amount of the tax debt, you can submit an OIC to the IRS to settle the debt for less than the full amount owed

5 - Seek professional help - you may want to consider seeking help from a tax professional who can advise you on your options and help you navigate the process

It's important to remember that the IRS has the legal right to seize assets to pay off outstanding tax debt, so it's important to take action as soon as possible to resolve the issue.

If you or someone you know has back taxes to deal with, don't hesitate to contact us immediately at 303-499-2700 or by email at mmoran@apextaxdefense.com.

 

Michael Moran, CEO, EA

Apex Tax Defense LLC

825 S Broadway

Boulder, CO 80305

Phone: 303-499-2700

Fax: 888-478-7627

mmoran@apextaxdefense.com

www.apextaxdefense.com

 

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Welcome to the Rain. Enjoyed your blog page, and I added you as a friend. I would love the follow back. Families on the move will appreciate your local real estate expertise. Bill

Jan 26, 2023 10:50 AM
Michael Moran

Hi Bill - I appreciate it and now following!

Jan 26, 2023 11:07 AM