One avenue that the IRS will take to collect overdue taxes is the issuance of a bank levy. This means the IRS has legally claimed the money in the bank account(s) in order to pay part or all of a taxpayer’s debt.
It doesn’t take an Enrolled Agent or a CPA to file a tax return, but of course our professional tax team can handle any tax return because we file hundreds of them each year.
Your IRS Debt Options Once you are in compliance with the tax code, meaning you have filed all your returns and are paying tax withholding and/or quarterly estimated tax payments, then we can talk about how to handle any remaining tax liability.
Facing an IRS Wage Levy or Garnishment? In attempt to collect debts owed to them the IRS will garnish or levy your wages.
IRS tax audits panic millions of taxpayers every year. Even though the IRS has seen drastic budget cuts since 2009, their enforcement department, responsible for IRS tax audits, has had their budget increased.
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