Tax Levy: What It Is and How Tactical Tax Group Can Help You Stop It
Tax Levy β What It Is and How Tactical Tax Group Can Help You Stop It
What Is a Tax Levy?
Tax laws can be overwhelming, especially when facing IRS collection actions like wage garnishments, tax liens, and levies. One of the most severe actions the IRS can take against taxpayers is a tax levyβa legal process that allows the IRS to seize assets to settle unpaid tax debts.
If you ignore a Notice and Demand for Payment, the IRS may issue a Final Notice of Intent to Levy and a Notice of Your Right to a Hearing. You have 30 days from this notice to take action before the levy begins.
Types of IRS Tax Levies
A tax levy can affect multiple financial areas of your life, including:
π Bank Levy β The IRS instructs your bank to freeze your accounts. After 21 days, they can withdraw funds to cover your tax debt.
π Wage Garnishment β The IRS can deduct a portion of your paycheck directly from your employer, leaving you with little to cover your expenses.
π Property Seizure β The IRS can seize homes, vehicles, or business assets and sell them to pay off your tax debt.
π 1099 Payments & Retirement Accounts β If youβre self-employed, your 1099 payments and retirement savings can also be targeted.
π Passport Revocation β In some cases, the IRS can revoke or deny your passport renewal due to unpaid tax debts.
A tax levy can destroy your financial stability, so acting quickly is crucial to protecting your income and assets.
How to Stop a Tax Levy
Once a tax levy has been imposed, reversing it is difficult, but not impossible. Hereβs how Tactical Tax Group can help you stop it:
β Pay the Tax Debt in Full β The IRS immediately releases the levy when your debt is fully paid, but this may not be an option for everyone.
β Set Up a Payment Plan β We can help you negotiate an IRS Installment Agreement to stop collection actions and remove the levy.
β Prove Financial Hardship β If youβre experiencing severe financial hardship, the IRS may temporarily lift the levy to allow you to recover.
β File an Appeal β If the levy was imposed incorrectly or unfairly, we can challenge the IRS through an appeal to delay or remove it.
β Offer in Compromise (OIC) β In rare cases, we can help you settle your tax debt for less than the total amount owed, which may result in the levy being lifted.
At Tactical Tax Group, our experts assess your case and determine the best course of action to stop an IRS tax levy before itβs too late.
How Tactical Tax Group Can Help You Remove a Tax Levy
A tax levy can feel like a financial nightmare, but you donβt have to face it alone. At Tactical Tax Group, we provide expert tax resolution services to help you stop asset seizures and prevent further IRS action.
Our services include:
πΉ Tax Levy Removal Assistance β We work to lift wage garnishments and release frozen bank accounts.
πΉ IRS Negotiation & Representation β Our tax professionals handle all IRS communications and negotiations on your behalf.
πΉ Custom Payment Solutions β We help you qualify for installment plans, Offers in Compromise, and hardship relief programs.
πΉ Preventing Future IRS Actions β We create a long-term tax resolution strategy to protect you from future levies.
With Tactical Tax Group, you can stop IRS levies before they take control of your finances.
Act Now β Stop a Tax Levy Before Itβs Too Late!
If youβve received a Final Notice of Intent to Levy, time is running out. Ignoring an IRS tax levy can lead to:
π¨ Frozen bank accounts
π¨ Seized property and business assets
π¨ Wage garnishments that leave you with little income
π¨ Passport restrictions and credit damage
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Contact Tactical Tax Group today for a free consultation to discuss your tax levy situation.
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Let our experts help you stop the levy and negotiate with the IRS on your behalf.
π Call us now or fill out our online form to get started!