Wage Garnishment/Bank Levy
The IRS or state will begin to seize assets if they have failed to recurrently collect back taxes. This process of seizing assets is called a “levy”. It’s called Wage Garnishment when wages are attached. The IRS and state are within legal bounds to seize anything of value to satisfy the outstanding tax debt after providing ten, thirty or sixty day notice through certified mail.
Items that can be seized are as follows:
- Assume Title on Vehicles
- Bank Accounts
- Demand Payment from Accounts Receivable
- Take Control of Property for Auction
Of all collection tactics, levies and wage garnishments are the most forceful and embarrassing. Pushing taxpayers to willful compliance is the motive.
The trusted experts at 411Tax Relief knows how important a regular paycheck is to you and your family. National Tax Relief can work on your behalf with the IRS for the release or lowering of the wage garnishment.
If you have overdue tax debts and would like to get them resolved, please contact 411Tax Relief today.
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