Levies can really do a lot of damage and even ruin your life. A levy
is the IRS's way of
getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored
us.
Levies can be a one time assessment in which the IRS/FTB attempts to collect funds from your checking accounts, saving accounts, investments etc. A levy can also be ONGOING. In this situation, the IRS will levy your wages or your social security on a monthly basis in at attempt to get repaid.
Imagine waking up one morning and finding all your bank accounts have been cleaned out. The IRS will take every
dime if the amount in your check book did not cover what is owed. Then they will prepare more paperwork and issue another levy. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems.
But they don't care! Their sole objective is to collect the taxes owed. Period. THEY WILL EVEN LEVY YOUR ACCOUNT WHEN THEY PROMISE NOT TO.
As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.
If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, anything of value.
My office can help you get those levies released and help you get out of this terrible situation. Our goal is
to get you even with the IRS, with what you can afford, and let you start life anew.
