If you owe federal back taxes, the IRS may levy your assets to pay off some or all of your tax debt. A levy is the seizure of an asset to satisfy a debt. The IRS may seize any of the following:
- Retirement Income
- Bank Accounts
- Social Security Benefits
- Wages
- Property such as Real Estate, Vehicles, or Boats
- Future Federal or State Tax Refunds
If you have received a Notice of Intent to Levy,
give us a call immediately. We may be able to stop the levy from taking effect, but we have only a short time-frame within which to do so.
If the IRS has already seized some of your assets, we may still be able to help relieve you of future levies. TaxAudit’s tax professionals will look at your specific financial situation and come up with a plan to help resolve your tax debt. We will deal with the IRS on your behalf and work vigorously for the best outcome possible in your case.