Hi – Michelle Divan here. I represent taxpayers in Denver, CO (& now Daytona Beach, FL!!)– and nationwide – who cannot pay their taxes or have back tax debt. Each month I grab a topic that is germane to taxpayers that have debt or issues with the IRS. Last month I focused on how to remove Tax Liens, and you can see my historic bloc posts here. This month I am focusing my attention and education on collections and how to handle the letters of intent to Levy.
A quick lesson on the difference between a Tax Lien and a Tax Levy. IRS will place a Lien to protect their place in line a debtor. This is the same as the bank holding a lien on a car title for their car loan. Check out my past blogs to see how get a Tax Lien removed or withdrawn. An IRS Levy will allow the IRS to seize assets from bank accounts and/or garnish wages. This is the serious step.
Let’s back up a minute…when the IRS sends you a Final Notice of Intent to Levy, this is actually your final wake up call! These Letter 11’s and CP-504’s are the sign to pull your head out the sand and get to work. You CAN have an IRS levy removed or stopped; you just have to deal with it. But how?
To have an IRS Levy stopped, you need to get a Form 12153 filed. You need to prepare for an appeal process, and you need to get any compliance issues cleared up. See, no big deal. Yet, the process is scary. This is where I can help. I understand the process, how to get the correct forms complete, and how to get you into compliance.
Have you or someone you know received an IRS Final Notice of Intent to Levy? Or do you have other outstanding tax issues that you want solved? Contact me today and let’s get working on this. I can be reached at 303-250-0122 or [email protected]