Verden Tax Levy Lawyer
Do you have any outstanding tax debt with the Internal Revenue Service (IRS), which you still have not paid for a long time despite constant messages from the agency? If yes, you may find yourself facing a tax levy from the agency as their final attempt to get you to pay your tax debt. When they do order a tax levy, you should immediately get to work because once they enforce it, you will find yourself without valuable assets that may affect your financial stability going forward.
If you are facing tax levies of any type, our Verden tax levy lawyers at Defense Tax Partners can help you find ways to keep the levy from pushing through and negotiate for a better repayment option from the IRS. Our tax law firm specializes in helping clients negotiate with the IRS and create a viable option for them to resolve their tax debt and prevent the levy from being carried out. You can also contact us when you receive the Final Notice of Intent to Levy and stop the levy enforcement.
We recommend that you contact us immediately when the agency does send this final notice because we will only have 30 days to work out a solution to stop the levy and assist you in paying off your tax debt in a manageable way. Our Verdentax law firm is here to help you at any given time and help you protect your assets as you pay off your tax debt.
Call Defense Tax Partners at (405) 963-3143 for your Free Consultation with an Verden Tax Levy Lawyer!
What is a Tax Levy?
The IRS often uses the tax levy as a last resort to collect any outstanding debt from taxpayers who continuously ignore notices and requests from the agency to pay off their tax debt. They may also enforce this action if the taxpayer does not even speak to the agency for a better repayment option or apply for a tax debt relief program to help them with their debt.
When a tax levy is issued, the following steps will occur:
- The IRS will review your tax debt
- They will send you the tax bill or a Notice and Demand for Payment
- If you fail to pay the dues or refuse to contact the agency for a debt settlement plan, the IRS will send out a Final Notice of Intent to Levy and a Notice of Your Right to a Hearing
- You will be given 30 days to satisfy your debt or finalize a debt settlement plan with the IRS. After 30 days, the IRS will execute the levy and take your assets as a tax payment.
The IRS will consider which assets you possess have value and consider it for the levy. Down below are the types of tax levies you can expect if you still haven’t paid off your tax debt after all this time:
Bank Levies
When a bank levy is ordered, the IRS will reach out to your bank and ask them to freeze your account for 21 days before they take the entirety of your account to use as a tax payment. Within 21 days, you will not be able to use the account unless you pay off your tax liabilities. The levy will continue so long as the debt is not paid in full.
Property Seizure
Valuable assets like cars, houses, dividends, licenses, insurance policies and retirement accounts can also be seized by the IRS as payment for your tax debt.
Reduced Tax Refunds
If you qualify for state or federal tax refunds, the IRS can take all or part of these refunds and use them to pay your outstanding debt.
Wage Garnishment
The last type of tax levy that the IRS can impose is wage garnishment. Under this order, the IRS will require your employer to withhold a certain percentage or amount from your wages and have this amount sent to the agency directly as part of your tax payment. When they take the percentage off, your employer will give you a smaller wage which was left after the deduction.
Garnishment ends only if the debt is completely paid, you are able to seek a repayment plan from the IRS, and if the statute of limitations is now in effect, which means the IRS can no longer collect the taxes you owe from them. It is important to note that wage garnishment varies for self-employed or business owners as wage garnishment can be a full 100% deduction to your wages, leaving you with no money at all.
Preventing a Tax Levy
The best way to avoid a tax levy is by paying your outstanding debt completely as early as you can. But, not everyone can do this option even if they have exhausted all the possible resources they may have.
Fortunately, there are many ways available to make tax payments easier to manage regardless of your current financial status. Our Verden tax levy lawyers can help you look through all the options available and explain why certain options can work favorably for your situation. Whichever tax debt relief program you select, we can help you get your applications approved and help you follow your new payment plan to resolve your taxes.
Some of the tax debt relief programs we can help you with include:
- Offer in Compromise
- Currently Not Collectible Status
- Innocent Spouse Relief
- Installment Plan
If the IRS has already initiated the levy process, don’t worry. Our Verden tax levy lawyers can still file an appeal with the IRS and reason out that the levy has placed you in a financial bind that puts you at a disadvantage. We will then show them your proposed payment plan, which they can modify or approve of getting your taxes paid without requiring your properties to be seized as payment. Rest assured, we will do our best to protect your property and get a manageable repayment plan that works well for your financial situation.
Professional Legal Representation
When the IRS or the Oklahoma Department of Revenue is on your case for your tax debt, it can definitely be a scary experience, especially if you don’t have the means to pay it off completely. But, if you have an Verden tax levy lawyer guiding you, you will be able to stop the tax agencies from taking your assets as payment for your unpaid taxes and work out a manageable payment option that you and the agency can agree on.
At Defense Tax Partners, we can assist you in fighting off the enforcement of the tax levy even if you get a Notice and Demand for Payment letter from the IRS. We will immediately start working on your defense and reach out to the IRS to consider your request for a better payment plan that will help you pay off your taxes without risking your assets.
We also offer the following services in case you need them for your other tax needs:
1. Tax Resolution
2. Offer in Compromise
3. Wage Garnishment Removal
4. Penalty Abatement
5. Bank Levy Removal
6. Innocent Spouse Relief
7. Audit Representation
8. Passport Reinstatement
9. Tax Preparation
10. Tax Lien Removal
Our Verden tax levy lawyers can help you with any kind of tax case, no matter how complex it is. We guarantee that the service you will get from us is perfectly tailored for your situation, and we will do everything we can to get the best possible outcome regardless of whether the case rules in favor of your position or not.
Let’s Talk Now – Free Consultation
Did you receive a notice to levy from the IRS? If yes, contact our Verden tax law firm to help you prevent the levy and get your taxes resolved another way. We will help you negotiate with the IRS for a better payment term for your taxes and protect your property from being levied. Find out more about our tax legal services through our free consultations service today, and one of our legal experts will be with you to answer your questions.
Call Defense Tax Partners at (405) 963-3143 for your Free Consultation with an Verden Tax Levy Lawyer!