When Does the IRS Levy? A Columbus Tax Attorney Explains

A levy is a taking or seizure of property and the IRS as the power to levy the assets of a taxpayer when a taxpayer has an outstanding tax debt and has not made arrangements with the IRS to pay or settle the tax debt. However, when does the IRS generally levy? First, the IRS has to provide proper notice to a taxpayer prior to levying or seizing a taxpayer’s assets. After proper notice has been issued, if the taxpayer has not established an installment agreement, settled or proposed a settlement to resolve the tax debt or made other arrangements, the IRS is more likely to levy the taxpayers assets such as bank accounts, wages, payments due from third assets and even real estate or other tangible property. If the IRS has levied your assets or issued a final notice of intent to levy, you can discuss your facts and circumstances with a Columbus tax attorney at The McGuire Law Firm.

Click here to schedule a free consultation with a Columbus tax attorney.

Keywords: IRS Levy, When Does the IRS Levy, IRS Bank Levy, IRS Wage Levy, IRS Seizure, Columbus Tax Attorney, Columbus Tax Lawyer, Columbus International Tax Attorney, Columbus International Tax Lawyer, Columbus IRS Tax Attorney, Columbus IRS Tax Lawyer, IRS Seizure of Assets.