Tag: tax levies

5 Benefits of Negotiating an IRS Installment Agreement

IRS payment plan

An IRS installment agreement is one of the best ways to resolve your tax debt problems.  You can avoid most types of IRS collection actions and pay off several years of tax debt as long as you make your monthly payment. Key Insights We Will Discuss:  Why IRS installment agreements are such a popular tax resolution… Read more »

When can the IRS Levy Property Without a Hearing?

IRS Property Levy Procedures

IRS Levy Procedures The IRS must follow certain procedures before seizing your property. Typically, that process goes something like this:  You receive a notice stating that tax has been assessed and asking you to pay it.  You don’t pay or resolve the matter by the deadline.  A Final Notice of Intent to Levy is sent… Read more »

How to Prevent a Tax Seizure

How to Prevent a Tax Seizure

If you refuse, ignore or fail to pay your federal income taxes, the Internal Revenue Service has the legal right to seize your property. Property levies are the most severe action taken by the IRS. In case you are behind on the tax debt, you should understand how tax seizures work and how you can… Read more »