Levies can be highly disruptive and potentially devastating. They are the IRS's method of demanding immediate attention after previous attempts at communication have been ignored. Levies authorize the IRS to seize assets such as wages, bank accounts, vehicles, stocks, bonds, boats, and even Social Security checks.
Imagine discovering your bank accounts exhausted when you wake up. The IRS will continue to take every cent until your tax debt is fully paid, causing any issued checks to bounce and publicly signaling your financial troubles. Their primary goal is to recover the tax owed, regardless of the impact.
A wage levy (or garnishment) is even more severe, where the IRS claims a substantial portion of your paycheck. This can continue each week, leaving you with barely enough to cover basic expenses until the debt is settled.
In extreme cases, the IRS may seize and auction off any valuable assets you own—houses, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, and more.
Fortunately, we often succeed in getting these levies lifted, helping you resolve your tax issues within your means and start afresh.
Founded on the principle that every small business owner deserves efficient accounting solutions, We are dedicated to saving time, minimizing taxes, and simplifying life.
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