subject: What Is A Tax Levy? [print this page] What is a Tax Levy? What is a Tax Levy?
When you do not pay your tax obligations, the IRS can legally pursue severe financial action to secure a repayment. A tax levy is far more serious than a federal tax lien. A lien is a claim against assets. While a federal tax levy allows the IRS to seize your money and assets, such as property to turn around and sell. At this point, you need help from a qualified tax attorney to avoid more serious consequences.
Three requirements must be met before the IRS can file a tax levy:
* A tax assessment was done and a Notice and Demand for Payment mailed
* You have ignored notices and refused to pay back taxes
* A Final Notice of Intent to Levy and a Notice of Your Right to a Hearing were mailed
It is a difficult and complex process to get a bank levy reversed. A taxpayer who attempts to face the IRS alone is more likely to be unsuccessful. It is imperative to have sound legal representation. Instant Tax Solutions has the expertise and experience to successfully negotiate with the IRS. We can help you protest yourself against levies and protect your financial future.
A Tax Levy Can Ruin Your Life!
When a federal tax levy is filed against you, your bank accounts are seized for delinquent tax debts. A majority of the funds are confiscated by the IRS for your tax liability leaving you with only a small portion; almost next to nothing. You can become financially destitute and unable to support yourself and your family.
The intimidating tactics practiced by the IRS can cause you to accept a hasty resolution and miss out on options for a more favorable payment agreement. The tax professionals at Instant Tax Solutions to take control of your tax problems and negotiate a fair and manageable financial solution!
Heres How ITS Can Help
ITS will represent you in all dealings with the IRS, ensuring your financial rights and peace of mind. Our tax professionals are knowledgeable and experienced in tax laws and codes. We will skillfully review all your information and present your case to the IRS. We will resolve your tax problems enabling you to regain your financial freedom.
To find more information on tax attorney please click here.
by: Jimmy Newton
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