If you have a tax debt, the IRS or state can issue a tax levy; a legal seizure of your property or assets. It is one of the most horrendous collection tools available to the IRS and state tax authorities. But, it is an outcome when all else fails.

The tax levy takes your property (such as funds from a bank account, Social Security benefits, wages, etc.). It is different from a lien. A lien claims your assets as security for a tax debt.

The IRS and states can use a levy to satisfy a tax debt when you do not respond to notices informing you of the debt and asking for payment.

Some levies have a “one-time” effect, where the tax authority takes a particular asset all at once.

A tax levy on your bank account takes what is in the account at the time your bank receives the levy. The IRS or state must issue another tax levy if more funds are in your account later.

Other tax levies have a continuous effect. They remain in place until the levy is released or your tax debt is paid in full.

A tax levy on your salary, known as wage garnishment, might take a portion of each paycheck until the levy is released.

Tax Levy
levy word or concept represented by wooden letter tiles on a wooden table with glasses and a book

What Should I Do If I Have A Tax Levy?

First, to avoid levies: do not ignore notices from the IRS or state. They contain essential information on how to prevent levy actions. Take action on the notice as soon as possible to avoid enforced collection, whether independently or by a qualified Enrolled Agent (EA) representation.

Contact us immediately if you receive an IRS or state notice along the lines of Final Notice of Intent to Levy and Notice of Your Right to A Hearing.

Peace Of Mind Tax Help Representation

One of your most important rights as a taxpayer is your right to have a qualified tax resolution professional, such as an Enrolled Agent (EA), represent you in front of the IRS and/or States and provide tax resolution for your tax levy.

When you hire Peace Of Mind Tax Help to assist you with your tax problems, we will guide you through the tax resolution process while advocating on your behalf and protecting your interests.

Peace Of Mind Tax Help is here to help you because when you’re dealing with tax levies, the worst thing you can do is do nothing at all. The best decision is to take the necessary first step and to address the levy actions now!

Click on the “Get Peace Of Mind” button at the top of the page to take that first step.