How to Stop an IRS levy
The IRS collection process begins with a series of notices requesting payment, ending with a final notice of intent to levy. There are strategies to stop IRS levy and request an IRS levy release and in certain circumstances eliminate collection proceedings.
While people customarily think they have no recourse when dealing with the IRS, you are able to stand up and enforce your rights. Nationwide tax group employs a team of expert professionals; well-versed in tax code and able to help you with IRS collection issues, including how to stop IRS levy, release IRS levy and other IRS enforcement matters.
When a levy occurs the IRS takes ownership of your assets, whether bank accounts, wages or other property. Unless you alleviate collection proceedings, you can expect IRS enforcement action at any time without notice.
There are several methods to stop IRS levy including;
• Proving an installment agreement was in effect prior to the levy
• The levy is or will create a financial hardship
• The tax has been paid or is legally unenforceable because the statute of limitations expired
Proving any three of these provisions will increase your chance to stop IRS levy; but the principal issue to stop collection proceedings is proving your case to tax authorities. Tax codes and regulations are complicated and while IRS policies discourage certain collections, their regulations are not that transparent to a layman. You need professional help to exercise your rights to stop IRS levy.
What to do to release IRS levy
It is not that easy redeeming any property the IRS has seized and if it was liquid assets, it may be nearly impossible to get it back. Once a levy is in place, it is imperative to move quickly and get an IRS levy release before it works its way to your employer and attaches to your paycheck.
Nationwide Tax Group has a wide range of experience in IRS levy release and how to stop IRS levy and work to redeem valuables including;
• Using broad language to show unless there is an IRS levy release, the levy will lead to extreme ramifications in your life that do not facilitate IRS collections.
• Request a short reprieve that includes a reasonable plan to raise funds to pay off back taxes
• Submit an Offer in Compromise that will stop IRS levy or release IRS levy
• Stop IRS levy with an appeal and administrative hearing
If you have received a notice of intention to levy, the IRS must wait 30-days before seizing any of your property. This is the optimal time for you to secure professional assistance from Nationwide Tax Group; during this 30 day period we can file an administrative appeal requesting a collection due process hearing. This challenges their collection actions and will stop IRS levy until your appeal is reviewed.
The hearing opens judicial doors that most consumers never know exists and helps to stop IRS levy, but you must use these provisions to your advantage.