DC IRS Tax Levy Lawyer

When the InternalRevenue Services (IRS) engages in the collection of tax debt, it almost alwaysstarts with the taxpayer’s wages and bank accounts.

The taxpayer’s knownfinancial institutions and employers will receive a Notice of Levy. Generally,the bank will freeze any accounts for 21 days from the date of the levy beforeit can turn over funds to the IRS.

This allows thetaxpayer, the bank, and the IRS an opportunity to come up with a resolutionbefore the taxpayer’s funds are claimed by the government.

Unlike creditors, the IRS has an unprecedented amount of power that many taxpayers fail to realize until it is too late. A tax levy can be financially devastating and requires immediate action. Resolving the issue with a skilled Washington DC tax levy lawyer who understands the levy process and can provide solutions to prevent the seizure of assets may be the answer. Reach out to a seasoned tax resolution attorney today.

Important Facts About Tax Levies

According to IRSCode § 6331, certain conditions must be met prior to the authorizationof a levy. Some of these steps include:

  • A Noticeand Demand for Payment was mailed to the taxpayer
  • Thetaxpayer failed to pay the tax and did not negotiate options to satisfy thedebt
  • A FinalNotice has been sent to the taxpayer

Thus, there is aspecific process the IRS must follow prior to garnishing wages or seizingproperty. Taxpayers that willingly engage in this process may prevent theseizure of property.

Receiving IRSNotice CP90, which is the final notice from the IRS regarding theintent to levy and the taxpayer’s right to a hearing, can be a harrowingexperience for anyone. It is certainly a difficult situation that can causesignificant harm to one’s life, but it is not hopeless. However, failing totake action when receiving said notice will likely result in the loss orseizure of assets to satisfy any or all of one’s unpaid taxes.

Washington DC Taxpayer Options

The obvious, most candidway to halt an IRS tax levy is to simply pay off the debt. Unfortunately,paying the entire debt upfront may not be in the cards for a variety ofreasons.

Taxpayers do have otheroptions to stop the levy, such as an online payment plan. If the individual hasfiled all required tax forms and owes under $50,000, a payment plan can stopthe IRS from seizing one’s property.

Another alternative is what is known as an installment plan. This route requires the taxpayer to propose a payment plan to the IRS. Upon evaluation, the IRS will render a decision to accept or reject based on one’s financial circumstances and history. Note that an installment plan should be based on one’s ability to pay. Taxes and fees may apply. Reach out to a DC IRS tax levy lawyer to learn more about taxpayer options.

Talk to a Washington DC IRS Tax Levy AttorneyToday

An IRS tax levy noticecan be devastating. The potential of a levy can have a profound effect onanyone, with consequences such as the seizure of property, bank accounts, orgarnishment of wages.

There is no substitute for an experienced DC IRS tax lawyer when it comes to tax levies and tax debt. Safeguarding one’s interests in collection matters with the IRS should always be a priority. Although these difficulties never go away by themselves, every tax problem has a solution. For more information, call today.