Friday, September 29, 2017

IRS NOTICE OF LEVY: RECEIVED A NOTICE OF LEVY? IRS TAX HELP

 Receiving an intent to levy notice from the IRS can be scary since it likely means that something has gone terribly wrong with your taxes and that you have yet to do anything to fix that problem. While this is clearly not a good situation, you may be able to get back into the good graces of the IRS if you make the right moves and handle the intent to levy carefully to ensure that things do not progress any further.

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An intent to levy notice does not mean that the IRS is going to show up at your house, kick you out and take your belongings, but it does mean that you’ve ignored past notices to delinquent taxes and that the IRS is now becoming very serious about collecting.




A tax levy is a way for the IRS to take what you owe since you are unwilling to pay them on your own. In most cases, the IRS will levy your bank account in addition to levying your wages, social security, and other assets. A tax lien may also be attached to your home in conjunction with a tax levy.

HOW CAN I PREVENT A TAX LEVY?

The best way to prevent a tax levy is to contact the IRS so that you can come to an agreement on how you will pay back the taxes that you owe. You can set up an IRS installment agreement or submit an offer in compromise to slow down the levy process – and possibly even stop it in its tracks – once you begin to pay your back taxes.

As long as you are willing to work with the IRS to find a solution – as opposed to hiding from them – it is a safe bet that you will never have to worry about finding an letter of intent to levy notice in your mailbox.

ARE ALL TAX LEVY NOTICES THE SAME?

The IRS sends out several different types of intent to levy notices:

CP 297/CP 90 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

CP 523 – Notice of Intent to Levy – Defaulting on your Installment Agreement
Letter 1058 / LT11 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

CP 91/CP 298 – Final Notice Before Levy On Social Security Benefits

CP 297 and CP 90 are letters used as notification of an unpaid balance that the IRS has previously requested payment for, and that IRS intends to levy federal payments, such as Social Security benefits, owed to the delinquent taxpayer.

CP 523 is sent to people who were paying via an installment agreement but defaulted. This notice explains the reason for the default, informs of the intent to levy, and suggests options for resolving the situation.

L-1058/L-T11 typically follows CP 504 (Final Notice Balance Due letter).
An L-1058 states that you have a balance that you have failed to address despite all of the notification letters previously sent to you, and warns that after 30 days the IRS will issue a levy on your personal assets.

CP 91 and CP 298 are letters sent to taxpayers who still owe money despite having received letters warning them of a 15% levy on social security benefits that would take effect if their tax bill was not paid off

or a payment agreement was not set up. Either CP 297 or CP 90 will usually precede one of these letters.

HOW CAN I REMOVE A TAX LEVY?

If you have received a letter of intent to levy, contact the IRS immediately to learn more about the options available to you. Take solace in the fact that if you know your rights, investigate your situation properly, and take a few steps – either on your own or with the help of a tax professional – to rectify your situation, you will most likely get back into the good graces of the IRS.

DO YOU NEED HELP?

We are tax relief experts specializing in IRS back tax help, Audit Help, Installment Agreements, Tax Lien Help, Wage Garnishment Release, IRS Offer in Compromises, Tax Debt Forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574

Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250

Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visitwww.advancetaxrelief.com

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