| IRS levies have a way of striking without warning. In a | | | | levy, is the IRS wage levy. Nothing stings quite like the |
| flash your bank accounts, wages, or assets vanish | | | | IRS seizing wages directly from your paycheck. Many |
| without a trace. You might think you are safe from an | | | | taxpayers do not even receive notice from the IRS. |
| IRS tax levy if you’ve avoided an IRS notice so far. | | | | They simply receive notice from the payroll |
| But truthfully, you can not escape the dangers of an | | | | department at their job/employer. The IRS can seize a |
| IRS bank levy, IRS wage levy, or any other IRS levy | | | | huge percentage of your earnings, leaving you with |
| as long as you owe back taxes. When an IRS levy | | | | only enough to cover your basic necessities. The only |
| strikes, one of your best options is to work with | | | | way to stop an IRS wage levy from starting is to |
| qualified IRS tax specialists. | | | | contact the IRS before your payroll cut-off date |
| The first type of IRS levy is the IRS bank levy. You will | | | | immediately after receiving the notice. You have to |
| know an IRS bank levy is imminent when you receive | | | | discuss a solution for paying off your back tax debt |
| an IRS Notice via certified mail that reads, “Final | | | | directly with the Internal Revenue Service. Due to its |
| Notice of Intent to Levy.” After you receive this | | | | crucial nature, the time urgency, and the severe |
| notice in the mail, the IRS bank levy can strike at any | | | | financial damage that can be caused by an IRS wage |
| time. It will not happen immediately because the IRS | | | | levy, contacting experienced IRS tax specialists is |
| wants to catch you unprepared (before you get a | | | | suggested. |
| chance to remove funds from your bank account). | | | | Finally, it is important to note that the cash from your |
| Before your funds are seized for good, your bank | | | | wages or bank account are not the only assets the |
| account will be frozen. Your funds will be held, and you | | | | IRS seeks. The IRS can not levy your clothes, primary |
| will have 21 days to negotiate with the IRS and come | | | | residence, or primary vehicle. But they can seize |
| up with a solution before the IRS keeps the funds for | | | | practically everything else like a second car, second |
| good. You might want to hire qualified IRS tax relief | | | | house, valuable antique furniture or jewelry, or anything |
| advisors that can work quickly within the limited time | | | | they can sell for cash. All those types of assets are at |
| frame | | | | risk. |
| The second, and perhaps most painful type of IRS tax | | | | |