Notice of Intent to Levy

If you don’t pay the amount the IRS says is due, they may seize (“levy”) any state tax refund you may be entitled to receive. This is your Notice of Intent to Levy, as required by Internal Revenue Code section 6331(d).

If you still have a balance due outstanding after they seize (“levy”) your state tax refund, the IRS may send a notice to you that gives you the right to a fair hearing before the IRS Office of Appeals (if you have not previously received such a notice for that tax year). Then IRS may then seize, levy, or take possession of any of your other property or your rights to that property.

Your Other Property includes, but is not limited to, your:

• Wages, real estate commissions, and other income
• Bank accounts
• Business assets
• Personal assets (including your personal automobile and primary residence)
• Social Security benefits

If you don’t pay the entire amount due — or call the IRS to make other payment arrangements – it is quite possible that the IRS may file a Notice of Federal Tax Lien on your property at any time, if they haven’t done so already.

Once the lien is in place, you could find it difficult to sell or borrow money against your property. This tax lien will also appear on your credit report ― which could harm your credit rating ― and your creditors could also be publicly notified that the IRS has priority to seize your property.

If you don’t agree with this notice, it’s important to immediately contact the IRS using the number printed at the top of the notice. They will do their best to help you. If you have already paid the tax liability in question or made other arrangements to pay it with an installment agreement, you should still call the IRS offices at the number printed at the top of the notice to make sure that your account reflects this in the IRS record system.

Remember, you can always Appeal your case.

Receiving a Notice of Intent to Levy from the IRS can be concerning, but it’s crucial to take immediate action to protect your property and assets. Here are some steps you may want to consider if you’ve received such a notice:

1. Do Not Ignore the Notice: It’s essential to take the IRS Notice of Intent to Levy seriously and not ignore it. Ignoring the notice will only worsen the situation and increase the likelihood of property and asset seizure.
   
2. Contact a Tax Professional: Getting in touch with a tax professional who has experience dealing with the IRS can be very helpful in these circumstances. Our tax team can assist you in developing a plan to resolve your tax debt.
3. Review Your Tax Debt: Reviewing your tax debt and ensuring the amount claimed by the IRS is accurate is a good idea. You can also request an account transcript from the IRS to review your account history.
4. Request a Collection Due Process Hearing: You have the right to request a Collection Due Process (CDP) Hearing within 30 days of receiving the Notice of Intent to Levy. This will allow you to challenge the IRS’s claims and propose alternatives.
5. Explore Payment Options: The IRS offers various payment plans, such as Installment Agreements and Offers in Compromise, which can help you resolve your tax debt without the need for an IRS levy.

Taking action as early as possible upon receiving a notice from the IRS is crucial. Ignoring the notice will only worsen the situation. Contacting one of our qualified tax professionals who can guide you through the process is a wise decision. So why wait? Contact us today and let us help develop a plan for you!

An IRS Notice of Intent to Levy typically remains in effect until the debt is fully paid, the statute of limitations for collection expires, or the levy is released. Generally, the statute of limitations for collection is 10 years from the time the tax was first assessed, although it may be extended in certain situations, such as when an individual enters into an Installment Agreement or files for an Offer in Compromise.

If the tax debt is not resolved, the IRS may issue a levy to collect the debt. The IRS sends a Notice of Intent to Levy and Notice of Your Right to a Hearing to taxpayers who have not paid their taxes. This notice informs taxpayers that if the amount owed to the government is not paid within 30 days, the IRS intends to levy to collect the outstanding amount.

The levy will remain in effect until the debt is paid in full or released. Once a levy has been issued, it can be challenging for the IRS to release it, so it is important to take action as early as possible.

Have you received a Notice of Intent to Levy? It is crucial to take action now. Contact us today to explore customized solutions for your levy-related issues!

An IRS Notice of Intent to Levy typically remains in effect until the debt is fully paid, the statute of limitations for collection expires, or the levy is released. Generally, the statute of limitations for collection is 10 years from the time the tax was first assessed, although it may be extended in certain situations, such as when an individual enters into an Installment Agreement or files for an Offer in Compromise.

If the tax debt is not resolved, the IRS may issue a levy to collect the debt. The IRS sends a Notice of Intent to Levy and Notice of Your Right to a Hearing to taxpayers who have not paid their taxes. This notice informs taxpayers that if the amount owed to the government is not paid within 30 days, the IRS intends to levy to collect the outstanding amount.

The levy will remain in effect until the debt is paid in full or released. Once a levy has been issued, it can be challenging for the IRS to release it, so it is important to take action as early as possible.

Have you received a Notice of Intent to Levy? It is crucial to take action now. Contact us today to explore customized solutions for your levy-related issues!

Yes, the IRS offers a variety of options for taxpayers to resolve their tax debts and potentially avoid a levy. Some of these options include:

• Offer in Compromise:You may request an Offer in Compromise agreement with the IRS to settle the debt for an amount less than the original. However, please note that not all taxpayers qualify for this option and there are specific criteria to meet. 
• Currently not Collectible: If you are experiencing financial hardship, you may be eligible for Currently not Collectible status, which suspends collection activities for a temporary period.
• Payment Plans:You may qualify for a negotiable payment agreement, allowing you to pay the debt in installments over a specified time period. This can make it more manageable for taxpayers to pay the amount monthly instead of a lump sum upfront.
• Innocent Spouse Relief: If you have been held responsible for a debt of your spouse, you may qualify for Innocent Spouse Relief. However, this option requires thorough documentation and proof.

Yes, the IRS offers a variety of options for taxpayers to resolve their tax debts and potentially avoid a levy. Some of these options include:

• Offer in Compromise:You may request an Offer in Compromise agreement with the IRS to settle the debt for an amount less than the original. However, please note that not all taxpayers qualify for this option and there are specific criteria to meet. 
• Currently not Collectible: If you are experiencing financial hardship, you may be eligible for Currently not Collectible status, which suspends collection activities for a temporary period.
• Payment Plans:You may qualify for a negotiable payment agreement, allowing you to pay the debt in installments over a specified time period. This can make it more manageable for taxpayers to pay the amount monthly instead of a lump sum upfront.
• Innocent Spouse Relief: If you have been held responsible for a debt of your spouse, you may qualify for Innocent Spouse Relief. However, this option requires thorough documentation and proof.