Skip to content An IRS lien is a formidable legal claim that the IRS can impose on a taxpayer’s property as collateral for unpaid taxes.
This action grants the IRS a legal right to the taxpayer's property, enabling them to seize and sell it to settle the tax debt.
The IRS can levy property that you hold (like your car, boat, or house), or your rights to property (like wages, retirement accounts, bank accounts, rental income, accounts receivables, or the cash loan value of your life insurance).
The IRS can levy property that you hold (like your car, boat, or house), or your rights to property (like wages, retirement accounts, bank accounts, rental income, accounts receivables, or the cash loan value of your life insurance).
Both IRS liens and levies are serious legal measures with significant implications for taxpayers. Receiving notice of an IRS lien or levy necessitates immediate action to address and resolve the tax debt. Seeking assistance from a tax professional or attorney is advisable to navigate the process and protect your rights.
When the IRS signals its intent to levy and seize your assets, you have a crucial 30-day window to challenge the levy through tax resolution or by settling the full amount.
While preventing levies is ideal, if one has already been imposed, professional assistance becomes imperative.
At IRSProb.com, we specialize in guiding you through the intricacies of negotiating a release of the levy with the IRS. Our strategies are tailored to the specifics of your case, providing comprehensive assistance to navigate these challenging situations effectively.
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