If taxes are not paid timely, and the IRS is not notified why the taxes cannot be paid, the law requires that enforcement action be taken, and this may often involve the IRS issuing a Notice of Levy.
This notice is telling you that the IRS issued a levy against any federal payments due you, such as contractor/vendor payments, OPM retirement benefits, salary, or employee travel advances or reimbursements because you still have a balance due on your tax account.
If you cannot pay the amount due as shown on the notice, there exist options that can be exercised. These may include requesting a hearing, appeal the levy, installment arrangements, Offer in Compromises, etcetera. However, you should never ignore this notice. At Lefstein-Suchoff CPA & Associates, we are committed to providing solutions for clients that help those faced with a situation requiring tax help for: tax settlements, tax debt, back taxes, IRS tax debt, an IRS levy, IRS tax audits, Offer in Compromise, IRS tax liens, etcetera
You have 30 days from the date of this notice to avoid the levy and respond accordingly.
If you don’t pay or make arrangements to pay, the IRS has several options available that they may use to collect the money. One option is to continue the levy against your federal payment(s). Another option is to levy your property, or rights to property, such as real estate, automobiles, business assets, bank accounts, and other income.
For help with IRS tax Audits, tax problems, back taxes, tax settlements, tax debt, Offer in compromise, Tax help, IRS debt, a Tax lien, a State Tax levy, an IRS levy, an IRS tax lien, contact us. If you need IRS help and have unresolved cases with previous tax lawyers and tax attorneys, we can help find an optimal resolution for your indigenous needs. Contact us us at 201-947-8081 or 646-688-2807, or email us at info@irstaxproblems.com.
