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IRS Levies

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Levies can do a lot of damage. A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!

When the IRS issues a levy you may wake up one morning and find all your bank accounts cleaned out. If this amount did not cover what is owed, the IRS will continue to take your money until they recover your tax liability. The IRS knows that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they aren't concerned about that! The IRS's sole objective is to collect the taxes owed. 

As bad as that is, a worse method is a wage levy (or garnishment). In a wage levy when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.

If the levy doesn't accomplish what the IRS wants, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, anything of value.

We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.

Please complete the form below to get a free consultation with our tax specialist.

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