Have you recently received notice of a tax levy being placed on your assets? The IRS has the ability to issue levies for seriously delinquent tax debts. When a levy takes effect, the government can seize your car, boat, or house and sell it in order to recoup your unpaid taxes. A levy can also be placed on your bank accounts, wages, rental income, or other financial assets.
If this sounds serious—it is. But you don’t have to just roll over and watch your possessions disappear. Contact Pro Tax Resolution the moment you learn of the levy, so we can take steps to reverse it.
Acting quickly is the key to getting out of this tough situation, and Pro Tax Resolution of Virginia Beach provides prompt turnarounds as well as emergency tax help when needed. We’ll start exploring your options right away. In order to get a levy lifted, you’ll need to negotiate an alternative tax repayment strategy. Luckily, the government would rather collect what you owe through traditional tax settlements than seize your assets. If you can prove that you intend to cooperate with the IRS’s demands, you have a solid chance of retaining those threatened assets.
Want to learn more? Pro Tax Resolution is standing by to take your call. We’re a full-service tax help firm with attorneys, enrolled agents, and CPAs available to assist you.