Levies can really do a lot of damage and even ruin your life. A levy is the IRS's way of getting your immediate attention. What they are saying is, "we have tried to communicate with you, but you have ignored us." Levies are used to seize your wages and other assets. If you own it, they can take it. That includes checking accounts, vehicles, stocks, bonds, boats, paychecks, and even Social Security checks!
Imagine going to the ATM and finding all your bank accounts have been cleaned out. Checks will bounce and you may have no available cash. And the bank will not release the levy and direct you to call the IRS or State.
The Taxing Authorities can also levy your wages (garnishment). The IRS can take a large portion of every check until your tax debt is paid in full. That may take a while........
Under certain circumstances, it can get worse. The Taxing Authorities may seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, etc.
Choice Tax Solutions Inc. has had great success for many of our clients, getting levies released quickly and establishing a monthly payment plan, so you can pay back what you owe and not fear for your paycheck or bank account. Contact us immediately and let's discuss how we can help.