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BANK
LEVIES
Levies
can really do a lot of damage and even ruin your life.
A
levy
is the IRS's way of getting your immediate attention. What they are
saying is, we have tried to communicate with you but you have ignored
us.
Levies
are used to seize your wages and whatever other assets you have. If you
own it, they can take it. That includes checking accounts, auto's,
stocks, bonds, boats, paychecks, and even Social Security checks!
Imagine waking up one morning and finding all your bank accounts have
been cleaned out. They will take every dime. If this amount did not
cover what is owed, they'll keep taking your money until you cover your
tax liability.
They
know that levying your bank account will cause checks to bounce,
alerting many people that you have tax problems. But they don't care!
Their sole objective is to collect the taxes owed. Period.
As bad as that is, a worse method is a wage levy (or garnishment).
That's when most of your pay check goes to the IRS, they don't leave
you enough to pay the bills, and most of your check goes to the IRS
each and every week until the debt is paid.
If that doesn't accomplish what they want, they'll pull out all the
stops.
They'll
seize your assets, and sell them at auction. That includes everything
you own: home, cars, boats, jewelry, motorcycles, insurance polices,
retirement funds, anything of value.
We are often able to get those levies released, BEFORE they take your
money.
Our
goal is to get you even with the IRS, with what you can afford, and let
you start life anew.
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