Tag Archives: IRS Levy

The IRS Is About to Levy Your Business or Property: What Do You Do?

The burden of tax debt is devastating enough on its own, but IRS penalties can add considerably to the pain of this ordeal. Levies, in particular, are devastating, as they can impact your wages, bank accounts, or other income and assets. In rare cases, the IRS may even go after taxpayers’ homes. The prospect of […]

Property Seizure Protection 101: Why the IRS Wants to Levy Your “Stuff” and What You Can Do About It

If you owe money to the IRS but haven’t paid, the agency can file a tax lien, a tax levy, and take seizure action against you. The lien will likely include interest, and the government can attach nearly all of your assets. However, you can take proactive measures to stop property seizure. Here’s how. Federal […]