Why are you receiving this letter?
You have unpaid IRS back taxes. No arrangement was made to resolve the IRS back taxes. As result, the IRS has taken collection enforcement option.
This letter is notifying you that a levy was sent to your employer, bank, or business clients. The party receiving this levy is obligated to take money owed to you and pay the money to the IRS until your back taxes are fully paid.
Read the Form carefully. The Form tells who the levy was sent to: your employer, bank, or clients that issue you 1099s.
What you should do?
Do not ignore this notice. You have 21 days from the date of this notice to stop the IRS from taking your funds.
The IRS won’t forget about you, it will only increase the pressure to collect. You must take immediate action to resolve your tax issue. Our recommendation, call a tax professional immediately.
Why should you hire a tax professional?
Without the proper knowledge of the laws and procedures, you may lose affordable IRS compromises, payment plans, and lesser tax penalties.
Hiring a professional tax resolution firm will give you peace of mind and allow you to sleep soundly, knowing that you are not taking unnecessary risks with your personal and financial freedom.
What can you expect to happen next?
The company receiving the levy notice must comply. Any money owed to you will be paid to the IRS.
If you set up an arrangement to resolve your tax debt, the IRS will release the levy. Any funds already released to the IRS are generally not refundable. However, the IRS will stop all future levy action as long as you comply with the agreement made between you and the IRS.
What if you can’t pay the balance you owe?
If you can’t pay the balance, don’t worry- EVERY case has a solution. The IRS offers a number of solutions such as Installment Agreements and CNC Status to help resolve your tax issues. Some of these programs, such as Offer in Compromise and penalty abatement, have the potential to decrease the taxes owed.
Don’t face your tax problems alone, tax Resolutions cases, can be extremely complex, and a licensed tax professional, can help you find the most appropriate solution to your tax problem.
Call Alana Tax group, and we will immediately protect you from the IRS and take over all communication.
