IRS Levies

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, auto's, stocks, bonds, boats, paychecks, and even Social Security checks.

Imagine waking up one morning and finding all your bank accounts have been cleaned out. If this amount did not cover what is owed, they can consider other resources and assets to cover your tax liability. Their sole right and objective is to collect the taxes owed. Period.

As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, leaving very little to pay living expenses, and this will continue each and every week until the debt is paid.

If that doesn't accomplish what they want, they have the right to seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, and anything of value.

We are often able to get those levies released and help you get out of this terrible situation. As an Enrolled Agent, we provide value-added services as a liason between you and the IRS.