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,
auto's, stocks, bonds, boats, paychecks, and even Social
Security checks!
Imagine waking up one morning and finding all your bank
accounts have been cleaned out. They will take every dime.
If this amount did not cover what is owed, they'll keep
taking your money until you cover your tax liability. They
know that levying your bank account 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 levy (or garnishment).
That's when most of your pay check goes to the IRS, they
don't leave you enough to pay the bills, and most of your
check goes to the IRS each and every week until the debt
is paid.
If that doesn't accomplish what they want, they'll pull
out all the stops. They'll seize your
assets, and sell them at auction. That
includes everything you own; home, cars, boats, jewelry,
motorcycles, insurance polices, retirement funds, anything
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.
For more information, please contact us.
