The IRS may levy or seize certain property when a taxpayer has an unpaid balance and previous collection efforts have not resolved the debt.
Property at risk may include money held in bank accounts, business assets, vehicles, investments, accounts receivable, or other valuable property.
My Tax Resolution Experts helps taxpayers respond to IRS collection notices and work toward a solution before additional assets are taken.
Is Your Property at Risk?
Before taking certain collection actions, the IRS generally sends notices explaining the amount owed, its intent to levy, and available appeal rights.
Assets that may be affected include:
• Bank accounts • Wages and other income • Vehicles • Business equipment • Investment accounts • Accounts receivable • Real estate • Other property or rights to property
Deadlines may be short after receiving a Final Notice of Intent to Levy. Do not assume the IRS will stop collection simply because you have called or mailed a response.
• Reviewing IRS collection notices • Confirming the balance and tax periods involved • Communicating with the IRS • Requesting the release of a levy • Documenting financial hardship • Reviewing available appeal rights • Preparing required financial information • Negotiating a payment or tax resolution plan
No professional can guarantee that every levy or seizure will be stopped. The available options depend on your filing compliance, financial condition, assets, tax balance, and response deadlines.
Take Action Before Property Is Seized
Early action may provide more time to present financial information and explore possible alternatives.
