Wage & Bank Levies
Other collection actions the IRS to which the IRS can subject you include levies of your earned wages and bank account. This means the IRS will intercept your paychecks and/or dig into your bank accounts to satisfy your outstanding tax liability.
As with any and all collection actions, you must be notified that a levy will be placed against you in advance. You are likely to receive several letters from the IRS warning you that a levy will commence. After you have received a final notice, there will be a 30-day period before the IRS will begin its levy, which will endure until your tax liability is satisfied.
A wage levy will involve the IRS ordering your employer to withhold some of your earnings and route them to the federal government to satisfy your tax debt. While private creditors can garnish your wages in this manner with a court order, the IRS needs no such judicial permission.
A bank levy is typically the IRS’s last resort when it needs to collect unpaid taxes. This collection action involves the IRS seizing your bank accounts and using their funds to pay off your tax debt. After a bank levy has commenced, you will have 21 days to release it before the IRS takes the funds it needs to satisfy your debt.
Our attorneys and accountants for stopping tax collection in Baton Rouge can help you fight against levies of your wages and bank accounts. In most cases, the best way to stop a levy when you can’t afford to pay your debt outright is to negotiate an installment agreement or offer in compromise with the IRS.
Get Help from Alpha Tax Relief Specialists L.L.C.
Our tax specialists can help you stop IRS collection actions. If you need to fight against lien or levy, our staff has more than 80 years of combined experience helping clients deal with the IRS and get better results.
Schedule a free consultation with us today where you can discuss your situation and learn more about how our attorneys and accountants can help. If you need assistance with affording our services, we offer flexible payment options and discounts under certain circumstances.
Get in touch with us today and ask how you can arrange your complimentary consultation when you contact us online.