Notice of Intent to Levy

You will receive an IRS notice of intent to tax when you have ignored four previous notices from the IRS requesting for payment of your back taxes. Upon receiving the notice, it does not mean that they will take away your assets effective that day. However, it also does not mean that you should ignore it like what you have done with the past notifications.

Then again, in states like California, the IRS practices extreme tactics in collecting back taxes. In fact, there are over $80 million in tax debt that people in the US owe the IRS. They intend to find out who these people are and collect their money, and possibly their properties.

Getting an IRS notice of intent to tax in California and other US states means an immediate seizure of your funds, which means you won’t have any access – to withdraw, deposit money, etc. – into your bank account. As a result, you will be given 21 days before the bank releases your funds to the IRS as payment of your credits.

How to Resolve a Notice of Intent to Levy

A notice of intent to levy can result to losing everything in your bank account. If your funds are not sufficient enough to pay your back taxes, the IRS may find other ways to resolve your debt, which can put your property, wages and other assets at risk.

When your bank sends you a notification that they have been given an IRS notice of intent to tax, it is best that you get in touch with a Premier Tax Resolutions professional consultant so as to handle the situation properly.

What Premier experts do is that they review your case and, once they take it on, they will file a suspension of the warning from the IRS and come to an agreement with them in settling what you owe. This way, you can then access your account and the firm will fend off supplementary actions by the IRS.

For a free consultation, you can contact Premier Tax Resolutions, which can be reached at this number: 1-800-554-0146, or through email via its online contact form.