If you’ve received a Notice of Intent to Levy from the IRS, you should contact a Mayfield Tax Levy Lawyer immediately. A lawyer can negotiate a payment plan with the IRS on your behalf and help you prepare documents to demonstrate that you can pay. He or she can also help you figure out the best way to proceed. Here’s how to hire a tax levy lawyer and avoid the hassle of an audit.
The IRS can levy your assets if you ignore Notice CP90. This can include wages, state tax refunds, and even your Social Security benefits. In some cases, you may even lose your passport for serious delinquency. While paying off your debt is the most obvious way to avoid a levy, this is not always possible. In that case, you need to hire a tax levy lawyer with experience.
An experienced Tax Levy Lawyer will help you resolve the issue through negotiation. The IRS may agree to a payment plan if your tax debt is small enough. If the IRS accepts your payment plan, it could prevent the levy. Another common way to avoid a tax levy is to negotiate an offer in compromise. This type of arrangement is often accepted when the debtor is unable to pay the entire amount.
Depending on the type of levy, the IRS may place a lien on your property. If your property is under a levy, the IRS may be able to seize the property. In addition to a levy on your wages, the IRS may also seize your family car. But fortunately, there are certain assets that are exempt from levy. Unemployment benefits, workers’ compensation benefits, household goods, and even some pensions may not be subject to a tax levy.
If you have a bank account, the IRS cannot seize it without notice. It will first send you a Notice and Demand for Payment, giving you ten days to make the necessary payment. However, if you fail to respond, the IRS will issue a Final Notice of Intent to Levy and seize your assets. If you’re facing a tax levy, you should contact a tax lawyer as soon as possible.
Hiring a tax levy attorney can help you fight the government and recover your money. IRS levies can be a stressful situation and a good lawyer can help you through the process. Not only does a tax levy lawyer protect your assets from the IRS, but he or she can also protect your rights and help you avoid the penalties that you’ve incurred. With a qualified tax levy lawyer, you can have your assets returned and avoid the embarrassment that comes with a tax levy.
When the IRS has issued a levy, it’s in your best interest to pay it off. In some cases, the IRS will release a levy when the value of your property is greater than the amount owed. A release of the levy ensures that the government doesn’t hinder their efforts to collect money. A release will prevent a tax levy from hindering your daily life, and it will allow you to meet your basic financial needs.