IRS Bank Levies
Glendale Debt Relief Attorney Explains Your Options
If you owe the Internal Revenue Service (IRS) money on backed up taxes, it is likely the organization will implement a bank levy. In simplified terms, an IRS bank levy will directly seize or secure your assets, allowing the IRS to find near-immediate solutions to what is sees as a serious discrepancy. As you may know already, the IRS is not infallible and sometimes it can use bank levies without appropriate cause. If you think the IRS has gone too far to penalize you, or if your penalization is not just, contact our Glendale debt relief attorneys from RJB Law Offices today.
We Give You the Strength to Fight the IRS
Most people know that the IRS is a government agency that regulates tax collections, but many do not realize the IRS is also considered a creditor. When the IRS uses its powers to put a levy directly on your personal income or financial sources, you will feel the pressure immediately. If you want to challenge the levy and retain your hard-earned income or resources, you should do so with an experienced team behind you.
A few of our top accolades and accomplishments include:
- Past clients rate us highly
- Rated “Excellent” by Avvo
- More than 20 years of legal experience
- American Society of Tax Problem Solvers membership
IRS Bank Levies & What They Can Seize
The IRS has gained notoriety for doing whatever they can to collect backed taxes from individuals and businesses alike. Unconcerned with how their decisions will impact your well-being, the IRS may even take action fully knowing that it will throw you into bankruptcy.
A IRS bank levy can seize property and estate assets, such as:
- Checking or saving account cash
- Heirlooms, inheritances, and liquid funds
- Actual individualized deposit certificates
- Any 401K funds
If you are paying off a piece of real estate, the IRS can attach a lien to it as part of its tax collection strategy. When there is a property lien attached to your property, you will likely be unable to sell it without first paying back the IRS whatever taxes they owe. If you are permitted to sell it, the profit will go directly to the IRS, rather than your accounts.
Call (888) 722-4046 for a Free Consultation
Our Glendale debt relief lawyers are prepared to fight back when the IRS comes to you. We are not intimidated by their size or abilities, for we know we are just as powerful as them, if not more. By utilizing our keen intellects and in-depth understanding of tax resolution law, we can do everything in our power to protect you from the IRS.
Any delay takes away your advantage. Contact our office today to begin.