Stop IRS Tax Levies With Expert Tax Debt Relief
What Is a Tax Levy for Tax Debt Collection?
A tax levy is an aggressive IRS action that seizes assets – such as bank accounts, wages, or property – to recover unpaid tax debt after failed payment attempts. The IRS issues a Notice of Intent to Levy, giving you 30 days to respond before seizure begins, potentially freezing accounts or garnishing income.
A tax levy is an aggressive IRS action that seizes assets – such as bank accounts, wages, or property – to recover unpaid tax debt after failed payment attempts.
Definition
An aggressive IRS action seizing assets like bank accounts, wages, or property to recover unpaid tax debt.
Process
Follows a Notice of Intent to Levy with a 30-day response period before seizure begins, potentially freezing accounts.
Consequences
Causes severe financial disruption, such as inability to pay bills or loss of savings due to asset seizure.
Solutions
Includes negotiating payment plans, securing Currently Not Collectible status, or appealing the levy to stop seizures.
Program
Part of the IRS Fresh Start Initiative, offering levy relief options to prevent asset loss if acted on quickly.
Common Misconceptions About Tax Levies
How Can Better Tax Relief Help With Tax Levies?
- Rapid assessment to identify levy relief options.
- Negotiation for levy release or affordable payment plans.
- Preparation of appeals or financial statements for IRS review.
- Professional IRS representation to halt collections.
- Coordination with programs like Currently Not Collectible for hardship cases.
Assessment
Negotiation
Preparation
Representation
Coordination
Why Choose BTR for Your Tax Levy Relief in California?
01
Urgent Response
02
Expert Negotiation
03
Proven Success
04
Local Expertise
05
Comprehensive Support
Related Tax Relief Options
Tax Levy FAQs
An IRS tax levy seizes assets like bank accounts or wages to collect unpaid taxes. It follows a 30-day notice, causing significant financial disruption.
Negotiating a payment plan or securing relief can stop a levy. BTR’s expertise ensures quick, effective action to protect your funds.
Taxpayers with filed returns and viable relief options, like payment plans, may qualify. BTR assesses your case for the best solution.
Yes, levies can be appealed or released with proper negotiation. BTR handles appeals to secure your assets.
Ignoring a notice leads to asset seizure, disrupting your finances. BTR responds urgently to prevent escalation.