Levies can really do a lot of damage & 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 & whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, & even Social Security checks!
Imagine waking up one morning & finding all your bank accounts have been cleaned out. They will take every dime. If this amount don't cover what is owed, they'll keep taking your money until you cover your tax liability. They know that levying your bank accounts 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
As bad as that is, a worse method is a wage garnishment. That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, & most of your check goes to the IRS each & every week until the debt is paid.
If that doesn't accomplish what they want, they will pull out all the stops. They'll seize your assets, & sell them at auction. That includes everything you own from home to cars, boats, jewelry, motorcycles, insurance policies, retirement funds, anything of value.
We are often able to get those levies released & help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, & let you start life anew.
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Makemytaxes is a company which provide Tax Debt Resolution and Debt relief.Our service is to get the taxpayer immediate relief from IRS or State Tax debt relief.Find out More