Tax Levy and Wage Garnishment Release

If you're a taxpayer who owes the IRS significant back taxes, they may put a levy on your property, bank account, or wages. A levy allows the IRS to legally seize your property or take money directly from a savings, checking, or retirement account, or right from your employer in order to pay off your tax debt. Tax attorney Dale O'Neal knows how to get tax levies and wage garnishments released. If you've received a notice from the IRS threatening a levy, or if the IRS has already implemented a levy or garnishment, you need to act now to get it removed. 

Types of Federal Tax Levies

The IRS can levy property, bank accounts, retirement accounts and wages.

Bank Levy – Most Common

The IRS can issue a Notice of Intent to Levy then contact your bank and freeze your bank account. After 21 days they will deduct enough money from your account to cover the tax debt. If they don’t receive the full amount the first time, they can come back multiple times as more money is deposited into your account.

Wage Garnishment

The IRS can contact your employer to have a portion of your weekly paycheck deducted and put towards your tax debt. If your employer doesn't comply, the IRS will hold them liable for the amount that should have been removed from your check. So, if a wage garnishment is demanded, your employer has no choice but to cooperate.

Property Levy

The IRS is ruthless when it comes to property levies. Almost any kind of physical asset can be taken from a taxpayer and sold to satisfy their tax debt. This includes your car, boat, or even your home.

Retirement Account or Social Security Levy

Think your retirement savings are safe? Think again. Pensions, profit sharing, stock bonus plans, and IRAs can all be levied by the IRS.

Call tax attorney Dale O'Neal at 817-877-5995 now or request a consultation online to get started today.