Avoiding an IRS Wage Levy

If something seems amiss about your tax filings, you may find yourself being threatened with an IRS wage levy. A levy could have a serious impact on your standard of living. Once the IRS decides to slap a levy on your bank account or wages, you'll no longer have a say in how much money the IRS gets to take from you. Wage levies are different from liens. According to the IRS web site:

"A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the 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."

Once the IRS wage levy has been served, you'll start seeing your money disappear. So much might be removed from your paycheck every week that you'll find you can't live on what's left. Without professional help, overcoming this might seem impossible.

This is where the tax consultants at Wall & Associates, Inc. can help.

Our expert staff has years of experience dealing with the IRS and its representatives who will be trying to make contact with you. If you've been threatened with a levy or have already had one placed on your finances, contact us today for a free consultation. We can stop an IRS tax levy on your bank account and get it released.