• Did you consistently ignored threatening letters and phone calls from IRS?
• Did IRS have a lien placed on your business?
• Have you received a 30 day notice of intent to Levy or seize your business?
Levies can really do a lot of damage and even ruin your life. A levy is the IRS’s way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, auto’s, stocks, bonds, boats, paychecks, and even Social Security checks!
Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they’ll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don’t care! Their sole objective is to collect the taxes owed. Period.
IRS will close your business until your Tax Problem is resolved !
As bad as that is, a worse method is a wage levy (or garnishment). That’s when most of your pay check goes to the IRS, they don’t leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.
If that doesn’t accomplish what they want, they’ll pull out all the stops. They’ll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds and might even garnish up to 15% of you Social Security through the Automated Federal Payment Levy Program (FPLP). There is no limit on what IRS can garnish.
This is one notice you should not ignore any longer! This is your last chance to resolve your Tax problems with IRS.
We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.
Do not ignore anymore! This is a very serious matter that requires skill and knowledge of an experienced attorney and accountant like Julie I. Vaiman, Esq., CPA. Call us today and we will help you to release the Levy.