If you do not file a request for a Collection Due Process Hearing within 30 days from the date of Letter 1058, the IRS can levy your bank account, wages and other assets such as retirement accounts, to collect back taxes. What is a Levy? A levy is effectively a seizure by the IRS of … Read more
Settling Tax Debt to Stop IRS Bank and Wage Levies – Settling your IRS tax debt is the fastest solution for stopping an IRS bank levy or an IRS wage levy. Once you are in the negotiation phase, the IRS levy will automatically stop. If your IRS settlement is approved, the IRS levy will actually … Read more
No need to stress over making sure all of your taxes are paid on time, for those who qualify you may be able to make payments on your taxes due. There are various options for payment of an outstanding federal income tax liability. Because your balance is subject to interest and a monthly late payment … Read more