IRS Tax Levy Assistance in California
If you have an outstanding tax debt, the IRS does have the authority to issue levies. After you have been given proper notice of the tax debt and still do not pay your tax bill or make arrangements to pay it, the IRS can levy your bank account and garnish your wages. For many taxpayers, this can result in extreme financial hardship and can cause issues with employers and loved ones. It’s always best to get ahead of the game and contact us before a levy has been issued. However, if you’ve already been hit with a levy, you won’t have to worry knowing you have an experienced IRS tax lawyer on your side. A wage levy or wage garnishment can be damaging because it continues paycheck after paycheck until the taxing agency agrees to release it, or until the tax is paid in full. The amount of the wage levy is not usually based on a taxpayer’s ability to pay, so it often results in the taxpayer falling behind on bills and other important obligations.
Unlike most wage levies, when it comes to bank levies, they do not automatically recur. The IRS must issue a new bank levy every time it uses this method of enforced tax collection. The amount depends on how much money is in the targeted account and how much is owed. This means they can take as much as someone’s entire life savings. This is the point where the IRS starts taking aggressive action, forcefully seizing what is owed. It’s important not to ignore the initial signs and to get help right away. You won’t be fighting this battle alone. With a personalized approach, we will be there for you every step of the way. Give us a call to discuss your tax relief options with one of our experienced tax attorneys.