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
The best advice I ever bargain: Each was a little ‘wrong’. When the fight against the IRS on their taxes late, you may be attracted by the threat of tax privileges, garnishment of wages and imprisonment. But do not worry, a tax resolution is aware of all the types of strategies to capitalize on tax … 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