IRS Levy

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Two years ago the IRS issued over 3.6 million levy notices! (Source: IRS Data Book, 2010)

The IRS is serious about collecting on the debts that Taxpayers owe the IRS.

The IRS uses the Levy process to seize your assets to pay off the IRS debt. The IRS can take such things as your house, cars, boats, savings accounts, your salary, and even your Social Security checks.

The good news is that JG Tax Group has stopped levies in 3-4 business days in 91% of our cases and 99.9% of the time within 8 business days. Our Emergency Tax Relief Team will contact the IRS so that you will not lose any of your assets. We negotiate with the IRS to find the best possible solution for you, including: an Offer in Compromise, an affordable monthly payment plan, or have you declared Currently Not Collectible by the IRS. We also use the IRS law to our advantage by requesting that the IRS release a levy if the levy is creating a Taxpayer hardship.

An IRS levy of your bank account might seem terrible, but pales in comparison to having your income garnished. That’s when most of your pay check goes to the IRS. If you are a 1099 contractor they take 100% of your earnings! The IRS doesn’t even leave you enough money to pay your bills. And worse yet, most or all of your pay check goes to the IRS each and every week until the tax debt is fully paid.

The IRS will send a certified mail final notice of levy to the address they have on record for the year the debt was created. If you have subsequently have moved there is a good chance that you will never receive this warning and find out that the levy has actually taken place. The prudent move is to contact us as soon as you receive any notice so we can help you avoid a levy. Once the levy is issued the smart move is to contact JG Tax Group immediately so that our Emergency Response Team can get your levy released.