Article by Marty Martelle When a levy is placed, the IRS will seize the taxpayer’s assets, including the monies in a bank account or a persons paychecks. When a levy is placed on a paycheck, it remains in effect until a levy release is granted. A lien works differently. When a lien is filed against … Read more
Article by Roni Deutch The Internal Revenue Service (IRS) has implemented procedures for taxpayers to request a reimbursement of the fees charged by a bank against a taxpayer for processing a bank levy when the bank levy was issued erroneously by the IRS. Reimbursements are limited to $ 1,000.00 and must be claimed within one … Read more
A bank levy is a nasty tool the Internal Revenue Service has at their disposal to use against taxpayers they believe owe them money. The Internal Revenue Service issues a levy notice to the person’s bank. This levy notice requires the bank to freeze the party’s assets for twenty-one days. If, for any reason, the … Read more
Article by Andrew Hatchie Taxpayer WARNING!! Do your due dilligence and “Google” the firm’s name with the word “Complaints”. Hold The Tax Resolution Firm You Hire Accountable…You will be suprised with what you see. Protect yourself. Time to “Confront” the IRS Problem… Get a true Tax Analysis during your initial interview so the company you … Read more
If you owe the IRS back taxes, and you have not paid beyond the time that is all their messages and phone calls, it is likely that the IRS begin to own the assets you will collect. With a levy in place of the IRS begins trying to take your assets to meet the owed … Read more