What An IRS Tax Levy Notice Means

If the IRS placed a lien on your property and that did not get your attention, the IRS may now go to the next step of seizing your property. There are a few different notices you may receive depending on which IRS department is handling your case, but please contact us immediately if you receive a Notice of Intent to Seize Property, because there is a time constraint with that notice.  You will then have 30 days to appeal the levy with tax court rights or reach an agreement with the IRS.

All Your Assets Are Fair Game For The IRS

Yes, your wages can be garnished (as the IRS will require your employer to do so). and your bank account can be emptied after a 21 day holding period. The IRS can even empty it multiple times. Your Social Security payments can be seized up until the complete debt has been paid as there is no collection statute limit to this. Your retirement funds are fair game for the IRS as well, as is your home and car.  Don’t let things get this far out of hand.  It isn’t necessary.

A Tax Levy Or Seizure Means You Ignored The IRS For Way Too Long

If you find yourself the recipient of an IRS tax levy but do not know what to do next, we can assist you to “stop the bleeding”.  There are options but you need to contact us immediately and let the Connecticut Tax Resolution Service straighten things out between you and the IRS.

The Options The Connecticut Tax Resolution Service Has To Resolve Your Case

There are a number of options the IRS provides to resolve tax issues, but not all options are available to all taxpayers. A financial analysis must be performed to decide which option best suits your unique situation. To see the options potentially available to resolve your problem, click here.