Liens | Tax Levies | IRS Garnishments - San Diego Tax Lawyers | Flat Fee Tax Service
Updated: Jun 11
IRS Tax Liens - Tax Levies - IRS Garnishments - Experienced San Diego Tax Lawyers Will Help. Do you owe the IRS money for a tax debt? Are you unable to work out a payment arrangement? The three (3) primary collection, enforcement tools of the IRS are tax liens, tax levies, and IRS garnishments (#IRSwagegarnishments). Each is a severe collection tactic, which will disrupt your business and bring your personal finances to a standstill. What is the difference between a federal tax lien, lien, a tax levy, and an IRS garnishment? How can an experienced San Diego tax lawyer help with these situations?
IRS Tax Liens
An IRS tax lien is a claim of ownership against an asset or the property of a taxpayer who owes the U.S. Treasury for an unpaid tax debt. A federal tax lien secures the interest of the IRS against the property until the taxpayer successfully completes repayment of the debt. When the tax lien is secured by real property, the first proceeds of the property sale are used to retire the IRS lien. Should you have a tax lien, you can forget about refinancing your home. Also, individuals with a security clearance are in jeopardy of losing their clearance. If the taxpayer does not make arrangements to repay the debt, the IRS has the option to levy the property.
IRS Tax Levy
An IRS tax levy is the seizure of your property to pay a tax debt to the IRS. The IRS will seize and sell your house, car, boat, collection, and any other asset that can be sold to retire your tax debt. An IRS levy against your bank account(s) gives them the right to take all the money in your account, and this applies to other sources of value including retirement accounts, dividends, commissions, licenses, accounts receivable, rental income, and even the cash value of your life insurance policy. Should you have an IRS levy (#IRSwagegarnishments) on your bank account(s), you have twenty-one (21) days to get your money back. you have no time to lose.
IRS Garnishment If a single paycheck is not enough to satisfy the debt, the levy against your wages is known as a garnishment. An IRS garnishment (#IRStaxlevies) is a levy against your wages that withholds a percentage of your income until the tax debt is retired. IRS garnishments are not limited to the amounts established by federal and state laws relating to normal creditors, and the IRS can garnish most of your check, leaving you little to live on. The IRS has what is called a "Manual Levy". With the signature from an IRS Revenue Officer, the IRS can seize 100% of your paycheck.
Final Notice of Intent to Levy and a Notice of Your Right to a Hearing
Our IRS Tax Attorneys fight for our clients. Our IRS tax relief firm work on IRS garnishments every single day. Before the IRS can levy or garnish your property, accounts, or wages, they are required to send you a “Final Notice of Intent to Levy” and a separate “Notice of Your Right to a Hearing (Levy Notice).”
The Final Notice of Intent to Levy is usually given 30 days before the levy occurs. This "IRS final notice" can be delivered in person, but it can be sent to your home, your place of business, or your last known address. The Notice of Your Right to a Hearing does not provide an opportunity to dispute your tax debt. That opportunity has passed. The purpose of the hearing is to determine the severity of the impact on your finances, and if it will cause immediate financial hardship. FLAT FEE TAX SERVICE, INC. CAN HAVE YOUR IRS TAX LEVY STOPPED IN ONE DAY. IRS GARNISHMENT PHONE NUMBER: 1-866-747-7435
Contact an Experienced Tax Attorney the Moment You Receive a Final Notice of Intent to Levy or an IRS Lien Notice
Flat Fee Tax Service, Inc. is an IRS tax relief firm that has experienced tax attorneys who will work to develop a tax relief option to the IRS levy or tax lien. There are legitimate scenarios when the federal tax lien or tax levy can be challenged, but these cases are usually about limiting the extent of the hardship the tax levy will cause.
The key to avoiding these severe IRS collection efforts is to challenge the IRS at an earlier point, or when they are in the process of attempting to collect the tax debt. If you have been contacted by the IRS for any reason, or if you have received a Final Notice of Intent to Levy, call our tax relief team immediately. Additional Information: https://www.flatfeetaxservice.net/post/tax-liens-levies-and-garnishments-california-and-irs-tax-garnishment https://www.flatfeetaxservice.net/post/affordable-irs-tax-relief-irs-wage-garnishment-san-diego