IRS Notice of Levy

We at Premier Tax Resolutions offer our knowledge and expertise when you get an IRS notice of levy. If you have received this notice, it means there’s something wrong with the flow of your tax payments, and you have not taken any action to solve that problem. The sending of the notice of levy from the IRS is a required step before the agency can begin to levy properties. Before the IRS commences on levying, they must gratify the following conditions issued by the US Congress:

• Give Written IRS Notice of Intent to Levy explaining your right to plead the levy.
• The notice must be sent personally, or mailed to your last known address 30 days prior to them taking action.

The easiest thing you can do in order to avert the IRS from levying your properties is to compensate the entire debt amount in full and that will immediately stop any collection actions against you. If you cannot reimburse the taxes owed in full, you have to know that there are other alternatives.

Here are the things you can do when facing an IRS notice of levy:

• Offer in Compromise – an offer in compromise is a resolution alternative offered by the IRS that allows taxpayers to appease their tax debt and settle for less than the total amount they owe. This option is only good for those who are extremely financially burdened. If the IRS accepts this type of filing, you will be considered in good position with the IRS. This filing is your ticket to dealing with the agency properly.

• Installment Agreement – as stated in the IRS notice of levy, you must compensate or make option arrangements to pay. The suggested agreement to pay is usually an installment agreement. With an installment agreement you will be able to make payments every month towards the overall tax amount owed. Once you enter into this agreement, it will stop penalties from being charged; only interest will be charged going forward. Once you enter into an installment agreement, you will be considered to be in good position with the agency as long as you keep consistent with the payments.

For all your concerns regarding IRS notice of levy, come to Premier Tax Resolutions. Our professional tax experts will help you come up with viable solutions. If you want to avail of complimentary consultation, call us at our toll free number, 800-554-0146 now.