Release Levy and Liens

How To Secure A Release For Your Tax Lien or Levy?

The IRS may take money from your paycheck or bank account by garnishment or levy. They may place liens on your home and other personal and business assets.

Levies are different from liens. A lien is a claim used as security for the tax debt. A levy is a legal seizure of your property to satisfy a tax debt.

If you do not pay your taxes or make arrangements to settle your debt, the IRS may seize and sell any type of real or personal property that you own or have an interest in.

Below are some possible scenarios:

The IRS could seize and sell property that you hold (such as your car, boat, or house), or the IRS could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).

To stop or release a bank levy, it is important to act fast or it can be too late.

Depending on your tax and financial status, there are many different approaches that can be taken to release your bank levy. The IRS does not want to levy your bank account; they would much rather resolve your tax issue.

Tax Help Advisors, LLC can often prevent this or have these lifted so you can afford to pay your bills. If you are presently dealing with or concerned about a lien, levy, or garnishment we can help. Remember, the earlier you address the problem the more successful we will be.

By engaging Tax Help Advisors, LLC to resolve your levy or lien, it shows the IRS that you are cooperating in bringing your tax debt to a resolution. Our goal is to get the best possible outcome for your financial situation.

Call us today at (704) 912-4002 to schedule your consultation.

To stop or release a bank levy, it is important to act fast or it can be too late.