For individuals who are dealing with tax debt, attempting to sort out or pay back taxes can be a frustrating, confusing and overall draining process. In cases where attempts to rectify tax debt issues go unresolved for too long, the Internal Revenue Service may take steps to levy an individual's personal assets, belongings and property.
According to the IRS, tax levies are imposed on delinquent tax payers who refuse to pay tax debt and who neglect to take action when served with an initial Notice and Demand for Payment as well as subsequent notices including a Final Notice of Intent to Levy and Notice of Your Right to A Hearing.
In an effort to recover the amount the IRS claims an individual owes, a tax debt dispute may escalate to the point where an individual's wages are being garnished or personal property seized. When levies are imposed, a taxpayer is encouraged to contact the IRS as soon as possible to determine his or her options.
One option is to request a Collection Due Process hearing at which time an individual can dispute the amount owed or other matters related to a tax debt or discuss repayment options. A determination with regard to the disputed tax matter is then issued after which time a taxpayer has 30 days to file a lawsuit contesting the final ruling.
Individuals or business owners who are dealing with an IRS levy and resulting wage garnishment or property seizure can benefit from the advice and assistance of a tax attorney. Any attorney can provide strong legal advocacy and representation for individuals who wish to either settle or dispute a tax debt matter.
Source: IRS.gov, "Levy," July 16, 2015