Levies Can Ruin Your Life
A levy is the IRS’s way of getting your immediate attention. It means they’ve tried to communicate with you but you’ve ignored them. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it — checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!
The Devastating Impact of an IRS Levy
Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount does 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 paycheck goes to the IRS, leaving you with barely enough to pay the bills. This continues each week until the debt is paid.
If that doesn’t accomplish what they want, they’ll seize your assets and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds—anything of value.
We Can Help You Get IRS Levies Released
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 allowing you to start life anew.