What is an IRS tax levy?

The IRS has many collection tools in its toolbox if you do not pay your taxes, including tax levies on wages or bank accounts. If the IRS threatens a tax levy, or you receive a notice of tax levy, it is important to work with an attorney experienced at managing IRS tax collection.

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What can I do if I can’t afford to pay the IRS and they want to seize my assets?

Your best bet is to call the number shown on the IRS notice immediately to hold off the IRS action with regard to your tax debt. Talk with a representative from the Automated Collection Systems. They are user-friendly and will make an effort to resolve the delinquency with a minimum amount of paperwork. The best approach while you work through the ordeal is to speak up and answer all questions asked.

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