Thursday, November 3, 2016

What is a Tax Levy?


This is when the IRS sends you written (legal notice) to your employer and or your bank saying that you owe the IRS and that the employer and or the bank is under legal obligation to forward YOUR money to the IRS to satisfy your tax debt.

The good news is the IRS will send you a series of tax notices before this happens..

The bad news is; When and if you don't respond to their mail, the IRS will levy your bank account and attach your wages, legally, without having to go to court.

If you are receiving notices because of unfilled taxes, the way to avoid a tax levy is to:
  • First, file your OWN tax return.  Do not rely on the IRS's Substitute Return (a return the IRS prepared for you)
  • More than likely you'll owe less money. However the penalties and interest can increase the amount back up.  In fact we've had clients who ended up getting a refund.  
At this point you don't need an attorney.  It's just a matter of filing your unfilled tax returns, unless there are additional skeletons in your tax closet.

We can offer you professional, affordable and expert help, but you'll need to provide me with your tax information.  Visit this page and scroll to the bottom for easy instructions on how to get your tax information.

It is best to get your tax information directly from the IRS, that way your unfilled return will correspond with what the IRS has on file and your chances of being audited will decrease.  Anytime the IRS contacts you concerning unfilled tax returns, you become a person of interest.   The best way to get them off your back is to file a return which includes the same figures the IRS has in your tax file/records.  Yes, your bank and your employers has already sent information to the IRS - This is how they know you should have filed and didn't.

The IRS won't go away.  They don't know how.  They will get your attention one way or another. Visit me on the eBay platform, which is safe and easy, and get the IRS off your back. .  





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