A levy is a legal seizure of your property to satisfy a debt. The IRS can garnish wages, take money in your bank or other financial account, seize and sell your vehicle, real estate, business and other personal property. The most common types of levies are bank levies, wage garnishments and for businesses, accounts receivable levies.
It is very important to get good representation to prevent a levy. Call IRS Tax Fighters at 1-888-959-2671.
Prior to getting a levy the IRS is required to give you notice of their intent to levy. Normally, this is done by sending out letters such as a CP503, CP504, Letter 1058, LT11, CP 90 or CP91. You can identify each letter by looking at the top right corner of the letter, except for the letter 1058. The code for the 1058 is in the bottom right corner of the letter. If you have received any of these letters it is best to not delay. Call IRS Tax Fighters now at 1-888-959-2671.