DON’T LET THEM TAKE YOUR CHEVY WITH A LEVY.
…OR YOUR BANK ACCOUNT, WAGES, INVESTMENTS, REAL ESTATE…
If you’ve received a “Notice of Intent to Levy,” or if you’ve already been levied or had your wages garnished, help is a phone call away. WatchGuard has multiple effective strategies to prevent, remove, and even reverse levies from IRS and state taxing authorities. No matter where you are in this process, it’s best to understand what experiencing a levy—or avoiding one—can mean to you.
The IRS and state taxing authorities are heavy-duty collection agencies with a long reach. When you have a tax liability, they have one goal: to collect the balance in full, as quickly as possible.
Levy power allows them to do this. It also sends a strong message to the person or business who is being levied: we know how to find you, and we want this balance paid in full. It is wise to heed this warning.
Many taxpayers experience bank levies, with suddenly frozen checking and savings accounts, causing bounced checks, bank fees, and declined debit cards. An account with thousands can have a negative balance in an instant.
Wage garnishments can be even worse. In addition to dramatically reducing your pay, garnishments may be professionally embarrassing; your company knows about your tax problem. If you are an independent contractor working on 1099, there is a chance one or more of your contracts may be terminated, leaving you without part or all of your income.
Besides wages and bank accounts, the IRS can levy:
- Retirement accounts
- Social Security payments
- Tax refunds
- Business assets and equipment
- Real estate
- Vehicles of all types
- And more
Levies can be scary. After experiencing a levy, some taxpayers panic and agree to terms with the IRS or state that are against their best interests. Some taxpayers feel they have to go “underground” or work “under the table”—making the problem even worse. We hope you will remember that you don’t have to do this alone.
WatchGuard knows how to prevent and quickly address levies of all types, while working toward a suitable resolution to your tax matter. To learn more about what WatchGuard representation can provide, call today or fill out the contact form on this page to set up your free consultation.