Millions of Americans experience federal tax levies and liens every year, in the months of September, October and November. If you are facing this unpleasant situation, you can call our firm to get help for IRS tax relief.
What is a Lien vs. Levy?
A lien is different from a levy. When you do not pay your tax debt a lien secures the government’s interest in your property, while a levy actually takes your property in order to pay the tax debt.
IRS may seize and sell any type of personal or real property that you own, such as:
- IRS could seize and sell property that you hold, such as your house, boat, or car.
- IRS could levy property that is yours but is held by someone else, such as your dividends, retirement accounts, wages, licenses, bank accounts, accounts receivable, rental income, commissions, or the cash loan value of your life insurance.
IRS can usually levy only meeting the following requirements:
- IRS has assessed your tax and already sent you a Notice and Demand for Payment;
- You refused or neglected to pay the tax;
- IRS has sent you a levy notice at least 30 days before the levy.
If a levy on your bank account, wages, or other property is causing you hardship you can call our firm in order to receive help for IRS Tax relief. We can help you get the levy released.
Before the IRS wage garnishments of a taxpayer, they must first send several IRS letters to notify the taxpayer of such action. Those IRS letters are called IRS Notice of Intent to Levy Wages. In case that you already received one of these letters, contact our firm quickly so we can take the appropriate actions in order to stop or release the IRS wage garnishments and IRS wage levy. The sooner we take action, the easier is to get the IRS wage levy and IRS wage garnishment resolved.
Getting Your Wage Garnishment Removed
Usually, the IRS will first send an IRS certified letter with the IRS Notice of Intent to Levy. This is the first of two letters that you will receive from IRS prior to IRS wage garnishment. If you do not take action on the first letter, a second letter will follow, which is the final IRS notice. Because this is the final notice before the IRS will garnish your wages, this requires quick action. This IRS notification has a mechanism that allows the IRS wage levy or IRS wage garnishment or to be stopped, but you have a tight deadline and you cannot delay taking immediate action.
Many taxpayers make the mistake to ignore the IRS letters notifying them of the IRS wage levy or IRS wage garnishment. When no action is taken after receiving them, the taxpayer finds out that their paycheck or wages will be garnished by the IRS directly from their employer. At this point, you are only a few days away from having IRS seizing your paycheck. If your employer received a wage garnishment from IRS and notifies you, you have to obtain a copy of the IRS wage levy from the employer. You will need that copy in order fill out the forms to reduce the amount of money seized from your wages by the IRS.
The good news is that an IRS wage levy or IRS wage garnishment can still be lifted if it happens. It requires some work, but if you take action and call our firm you can receive help to be done properly. Among the challenges to getting an IRS wage levy or IRS wage garnishment lifted is having un-filed tax returns. The IRS requires that all taxpayers are in tax compliance with their tax returns before they will consider stopping the IRS wage levy or IRS wage garnishment. All your previous tax returns need to be up to date.
In the event that the IRS wage garnishment already reaches your employer, you should definitely fill out the IRS wage garnishment form that you can request from your employer.
Having IRS seizing your paycheck or garnishing your can cause you financial hardship, so it is highly recommended to contact our tax professionals who can help you avoid the problem or resolve it for you. Call our firm immediately in order to receive all the help needed for IRS Tax relief.