What a Tax Levy Means for You
By Taxation Solutions, Inc. on 2015-03-27
Levies. Liens. They're all the same thing, right? Wrong! A lien is a claim the IRS makes as security for your tax debts. A levy is the actual seizure of the property!
What a tax levy means for you is that the government may take any property you own as a means to cover your outstanding delinquent taxes. The IRS can seize:
- Real estate
- Bank accounts
- Even wages
For tangible property, such as real estate and vehicles, the IRS can sell those items after they have been seized, making them difficult or impossible for you to recover.
While a bank levy may seem like all gloom and doom, Taxation Solutions, Inc. is here to show you the light at the end of the tunnel. Tax levies are serious business, but there are ways to release these collection techniques. Our team has more than 40 years of experience helping taxpayers just like you with bank levies and other tax problems. With tax lawyers, enrolled agents, and CPAs on staff, we have the full range of expertise required to bring you tax debt relief.
Don't just sit there while the IRS seizes your property through a tax levy! Call on Taxation Solutions, Inc. immediately when you receive notice of an IRS levy: Quick action can make all the difference. Our pros are standing by, so contact us today.