The IRS is widely known as the world’s most aggressive and successful collection agency. They have billions of dollars and thousands of employees at their disposal. At the heart of the IRS’s collection arsenal is the federal tax levy. This refers to the IRS’s power to take your property and wages in order to satisfy your debt.
Fortunately, there are procedures the IRS must follow before they can seize your property. These procedures act to warn you of the impending action so you can potentially avoid this entire situation.
Before the IRS can take your wages or property, they must issue you a Notice of Intent and allow you an opportunity for a hearing where you can plead your case. Knowing what to do when you receive this Notice and whether you should file for the hearing is vital. If you receive this Notice, you should consult with a tax lawyer in Dallas immediately.
The ins and outs of how to avoid a levy are complex and are similar to the rules an attorney would consult in order to get a levy that is already in effect released. Additionally, sometimes the best course of action is doing nothing. At times, the Notice of Intent amounts to an empty threat. Contact Margolies Law Office for legal help.
The IRS is widely known as the world’s most aggressive and successful collection agency. They have billions of dollars and thousands of employees at their disposal. At the heart of the IRS’s collection arsenal is the federal tax levy. This refers to the IRS’s power to take your property and wages in order to satisfy your debt.
Fortunately, there are procedures the IRS must follow before they can seize your property. These procedures act to warn you of the impending action so you can potentially avoid this entire situation.
Before the IRS can take your wages or property, they must issue you a Notice of Intent and allow you an opportunity for a hearing where you can plead your case. Knowing what to do when you receive this Notice and whether you should file for the hearing is vital. If you receive this Notice, you should consult with a tax lawyer in Dallas immediately.
The ins and outs of how to avoid a levy are complex and are similar to the rules an attorney would consult in order to get a levy that is already in effect released. Additionally, sometimes the best course of action is doing nothing. At times, the Notice of Intent amounts to an empty threat. Contact Margolies Law Office for legal help.
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