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, autos, stocks, bonds, paychecks, and even Social Security checks! Imagine waking up one morning and finding all your bank accounts have been cleaned out. Levying your bank account will cause checks to bounce, alerting many people that you have tax problems and negatively impacting your credit report. If levying your accounts with financial institutions does not satisfy your tax debt, the IRS can also levy your wages. Finally, the IRS may resort to seizing your assets, and selling them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, retirement funds, and anything else of value. 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. |