Understand and Minimize the Impact of an IRS Levy on Your Family

Sept. 22, 2011

Tax debt accumulates in a variety of ways, but when taxpayer actions, or in this case, inaction, results in a levy, one thing all taxpayers can agree on is that the result can be crippling. For a growing number of clients of StopIRSDebt.com, reversing bank levies are not only saving them money, but bringing security back to their families.

To be clear, levies are not the same as liens. A lien is a claim used as security for the tax debt. A levy legally seizes and sells your property including houses, cars, boats, wages, retirement accounts and bank accounts to satisfy the tax debt, however wage and bank levies or most common.

A levy results only after a taxpayer has neglected to pay their tax and disregarded a “Notice and Demand for Payment” and the “Final Notice of Intent to Levy and Notice of Your Right to a Hearing”. After receipt of the final levy notice, response must take place within 30 days. The levy will end if the levy is released, the tax debt is paid, or the time expires or legally collecting the tax.

“Our clients usually come to us after their accounts have already been impacted by a levy. We have successfully reversed bank levies for many of them by bringing them into compliance” says Atyria Clark, Lead Attorney at StopIRSDebt.com. Clark continues “We are sensitive to the fact that these people have families to support and they have just been devastated by a levy. Our team works hard to identify options to quickly reverse the levy to get them back on their feet, levy free!”. Ask Travis from Texas who had StopIRSDebt.com release a bank levy and amend his tax returns, reducing his federal tax liability by $25,000!

Taxpayers have rights when it comes to tax levies. For people who have tried to ignore their tax debt only to find themselves impacted by a levy, finding an aggressive tax professional to fight for your rights with the IRS can be a time-saving and stress-reducing option.

About StopIRSDebt.com – StopIRSDebt.com offers tax relief services for both state and federal tax debt. The team at StopIRSDebt has assisted thousands of customers and can service clients throughout the United States. From tax preparation to lifting wage garnishments, our team of tax professionals is ready to assist you. www.StopIRSDebt.com or 1-888-9-STOP-IRS

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Success Stories
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