Break free with a customized tax relief solution today and protect your hard-earned assets!
When you owe back taxes, the IRS can take legal steps to satisfy your debt, including a tax levy. A levy allows the IRS to seize your property, typically after these three conditions are met:
You received a tax bill (Notice and Demand for Payment);
You ignored the bill or refused to pay;
You received a Notice of Intent to Levy (CP90).
Notices are sent by mail or delivered in person. Generally, the IRS must provide at least 30 days before seizing property. Assets at risk include:
Other assets, such as retirement accounts or life insurance, may also be at risk.
Paying your tax balance in full is the fastest way, but other options exist:
Make monthly payments over time to satisfy your debt. The IRS will release the levy if approved.
Negotiate a lower settlement amount with the IRS and pay within a specified period. The levy is released after payment.
Provide financial documents to show severe hardship. If accepted, the IRS may declare you “currently not collectible.”
You have 30 days to appeal the levy if you believe the IRS erred or have grounds like Innocent Spouse Relief or bankruptcy. Levy is on hold during the appeal.
Don’t wait. Take action today to protect your assets. Sky View Tax Resolution can help you find affordable solutions.
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