Tax Debt

When you have a tax debt the IRS has many weapons at their disposal. For example they can:

  • File an IRS tax lien
  • Serve an IRS tax levy on your bank account
  • Serve an IRS tax levy on your wages
  • Serve an IRS tax levy on your brokerage account
  • Hire a private debt collector working on commission to collect your tax debt.
  • Seize your state income tax refund to satisfy your IRS tax debt
  • Seize and sell your car, or even your home

Any of these actions can devastate both your financial and emotional well being. If the IRS serves a tax levy or tax seizure on your employer he is required to begin paying your salary to the IRS. If your employer doesn’t turn the money over to the IRS he could be held personally liable for your tax debt.

The IRS can take all of the money in your bank or brokerage account to pay your tax debt. They can even serve a tax levy and seize your IRA, your pension or your life insurance policy. If you have a business the IRS can contact your customers, tell them that you have an IRS tax debt, serve a tax levy and seize your accounts receivable.
Even though the IRS has is a fearsome creditor you have rights, including the right to consult an IRS tax lawyer, or tax attorney to help you obtain tax relief. As tax lawyers with IRS tax experience we can help you solve your tax problems.
If your IRS tax debt is over $50,000 our tax lawyers and tax attorneys will review your tax debt to decide on the best solution for you. Don’t wait until the IRS has served a tax levy on your wages or seized your bank account.