IRS levies and property seizures Archives - Page 4 of 14 - Howard Levy is a Cincinnati tax attorney with the experience to find solutions to your IRS problems.

IRS just sent me a final notice of intent to levy – what should I do?

By Howard S. Levy, Esq., IRS Appeals, IRS collection notices, IRS levies and property seizures

You were brave enough to pick-up and open your certified mail, and there it was - an IRS Final Notice of Intent to Levy. The law is intended to avoid surprises from the IRS and protect you, and the Final Notice of Intent to Levy does just that, giving you notice in advance that they are considering sending a levy to your employer or bank or even taking your personal property or real estate. Now that you are on notice that the IRS wants to gear up its collection activities, what are your next steps? You do have rights. First, it is important to make sure you have received an actual ... Read More

How does the IRS find my bank account and wages to send a levy?

By Howard S. Levy, Esq., Automated Collection Service, IRS Financial Statements, IRS levies and property seizures, Revenue Officers

Is the IRS getting ready to levy your bank accounts and wages? If they are, how do they know where you bank and work? In most cases, your bank or employer tells them. Sometimes, the information the IRS has to levy was supplied by you. If you have a bank account that pays you interest, that interest is reported to the IRS on Form 1099 INT, along with the name of your bank. Your bank isn't reporting the information to the IRS because they want to, they are doing it because they have to. Tax laws require banks to tell the IRS the amount of money that they pay you. The reason is to ... Read More

IRS house seizure and sale: It’s less likely than you think

By Howard S. Levy, Esq., IRS levies and property seizures, IRS Seizures

Losing your house to the IRS may be your worst fear. And it's true that the IRS can seize and sell a home to pay a back tax debt. But it is harder - and less likely - than you what you may have read or believe. To begin with, the Department of Justice seizes and sells houses for unpaid taxes, not the IRS. To sell a house, the IRS makes a referral over to the Department of Justice; the IRS does not sell houses on its own. Unless you have heard from the Department of Justice Tax Division, your house is not in the process of being sold. And rest assured, the Department of Justice does not ... Read More

Why is the IRS levying my paycheck, and how do I make them stop?

By Howard S. Levy, Esq., Automated Collection Service, IRS levies and property seizures, Revenue Officers

Believe it or not, the IRS really does not want to levy your wages and take your paycheck. An IRS levy is usually issued when all else fails. There are three things the IRS wants if you owe them back taxes and not providing those three items usually results in the IRS levying. Here is what the IRS wants: 1. Communication. Yes, the IRS wants to hear from you. If they have written you a letter, they want a response. If an IRS Revenue Officer has called you or stopped by your house, he wants to hear back from you. In other words, IRS collection employees have a job to do: figure ... Read More

IRS wage levy – can you get fired for it?

By Howard S. Levy, Esq., Economic hardship and the IRS, IRS levies and property seizures

Owing money to the IRS comes with fear - fear of losing your house, your property, your bank accounts, even going to jail. And the fear of your employer finding out you have a tax problem. Your employer would discover your IRS problem if the IRS sent a wage levy to your job in an attempt to garnish your paycheck. That's embarrassing. But can your employer fire you for it? Can you actually lose your job because of your IRS problem? The good news is that you cannot be fired from IRS attempts to levy your paycheck. The Consumer Credit Protection Act protects you from termination due to a ... Read More