Federal Tax Liens are public records that indicate you owe the IRS various taxes. They are filed in the county from which you or your business operates.
Federal Tax Liens can tie up your personal property and real estate. Once a Federal Tax Lien is filed against your property, you may not be able to sell or transfer the property without having the lien removed so that you can transfer a clear title.
Often, taxpayers find themselves in a no-win situation where they have property against which they would like to borrow, however, due to the Federal Tax Lien, they cannot use it as collateral secure a loan.When the IRS levies a bank account, the bank is required to remove whatever amount is available in your account that day (up to the amount of the IRS levy) and send it to the IRS within 21 days, unless notified otherwise by the IRS.
This type of levy does not affect any future deposits made into your bank account, unless and until the IRS issues another Bank Account Levy
When the IRS levies a bank account, the bank is required to remove whatever amount is available in your account that day (up to the amount of the IRS levy) and send it to the IRS within 21 days, unless notified otherwise by the IRS.
This type of levy does not affect any future deposits made into your bank account, unless and until the IRS issues another Bank Account Levy.
An IRS Wage Levy is quite different.
Wage levies are filed with your employer and remain in effect until the IRS notifies the employer that the wage levy has been released.
Most wage levies take so much money from the taxpayer's paycheck that the taxpayer doesn't have a sufficient amount of money on which to live.
Tax professionals including Certified Public Accountants, Enrolled Agents, and/or Tax Practitioners
We provide personalized attention to attain the best outcome and relief for our clients.
In most cases we are able to settle your unpaid taxes for a fraction of the amount due.
If you have incurred penalties or received notices of IRS intention to do so, contact us without delay for a free face-to-face* confidential initial half-hour tax consultation.
We serve clients from our service offices located nationwide to help solve both federal and state tax problems.
