A tax levy is the legitimate seizure of property done by the IRS in order to full fill tax obligation that is owed by you. A tax levy is something that should not be ignored. The IRS will keep on taking measures to assure that your tax liability is paid. It is essential to see how levies work to guarantee you take the right actions to evade them or to prevent the IRS from seizing your property.
A levy is the very real seizure of your properties and assets with the sole purpose to fulfill an unpaid tax liability. By understanding the procedure is very crucial to saving your assets from seizure.
If you have received an IRS notice , you have 30 days to make a move to keep the levy from being set in motion. It is important to understand what choices are available to you and how to keep the tax levy from being engaged.
On the off chance that you have gotten a notice of intent to levy or you know a tax levy is approaching, know your rights as a taxpayer and what choices you need to prevent the tax levy from becoming effective.
A levy will stay in effect until the IRS has seized enough assets and property from you to fulfill the tax liability or the taxpayer has gone to some type of negotiation with the IRS keeping in order to stop the seizure process. There are wide ranges of approaches to that can be taken to have a levy released.
Wondering how we can help you resolve your tax levy? We will provide you with the best tax professionals to help with the levy, they will act efficiently and quickly to minimize the effect of the levy on your assets and aid you in resolving the levy as soon as possible.