Friday, April 13, 2012

Didn't File Your Income Tax Returns On Time? Faced with an IRS Wage Levy? We Can Help!

An IRS wage levy can be a huge source of stress in your life. All of the sudden, you can’t sleep at night wondering what went wrong. Even worse, if you work for a company and the IRS has contacted them about the money you owe, you’re probably worrying that:

· Your boss knows about it
· The payroll people know about it
· Your friends know about it
· You’re going to lose your job, your house, your car, maybe everything

A common reason for receiving an IRS wage levy is failing to file income tax returns on time. And if you're stuck in this situation, don't worry - there might be an easy solution. Let's face it - whether you are in hot water because you haven’t filed returns for a number of years, or you paid no attention to past notices of unpaid taxes, you’re under an awful lot of stress!



Why is a Wage Levy Filed

The IRS files a tax levy when:

· The IRS assessed the tax and sent you a Notice of Demand for Payment
· You overlooked or refused to pay the tax
· The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing 30 days before the levy

When the IRS places a levy on our wages, the tax collector could seize:

· Your property
· Your home
· Your bank account
· Your business assets
· Your paycheck
· Just about anything you own that has equity

However, it’s not as bad as it sounds. If you act quickly, you can correct the problem.



What Can You Do?

Always remember, the IRS wants to collect all the money you owe so they will work with a cooperative taxpayer to resolve the situation. On the other hand, no two taxpayers’ problems and financial situations are the same; each taxpayer must decide their course of action based on their individual financial circumstances.

Don't go at it alone! Contact us today for help from the experts. With our in-depth understanding of IRS inner-workings and knowledge and experience that the average taxpayer doesn't have, we can help. Contact us today at (888) 900-9863.



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