Tax Liens and Levies

We can assist our Clients from having a tax lien or levy imposed or, once imposed, having a tax lien or levy reduced or removed. A tax lien is a claim of the IRS against your assets or property for taxes, penalties, or interest owed. The claim is similar in nature to the lien a mortgage lending company has on your house when you take out a mortgage. When left unattended a tax lien can lead to a "levy" on your assets or property. A levy is the taking or seizing of your assets and property.

Tax lien or levies can be placed on wages, bank accounts, homes, or retirement accounts. Tax liens appear on your credit report and can prevent you from obtaining any kind of loan. So it is important to attend to these matters immediately.

We can assist you in several ways. We can help you:

• Attempt to avoid a tax levy by timely contacting the IRS on your behalf. Many times the issuance of a levy can be avoided if the IRS or state agency can be contacted before the process of issuing a levy begins.
• Attempt to negotiate the release or modification of a wage or bank levy. Since you depend on your wages or funds in your bank account, you do not want these sources of funds taken from you.
• Attempt to persuade the IRS to remove an erroneous issued levy. This requires knowledge of the grounds on which the IRS can correctly issue levies.
• By representing you in a court hearing to argue for the removal of a levy. The right to a court hearing is based on following the correct procedures and seeking the hearing in a timely fashion.

You should consult with an attorney right away if you have received a notice that your assets (particularly your wages or bank accounts) will be levied upon. Time is of the essence in preventing a levy. While it is more difficult to deal with a levy already filed against you, we can assist you in negotiating a release or modification of a levy.