How To Fight Tax Levies: Wall and Associates, Inc. Explains

The tax relief professionals at Wall and Associates, Inc. know that facing a tax levy can be a frightening and stressful experience. You may feel like you’ve been forced into a desperate financial situation and that you have no way out. But the reality is that tax resolution experts can help you get your head above water and resolve your situation with the IRS through skillful, experienced negotiation.
Tax levies are a way for the IRS to address your back tax debt when you have failed to pay what you owe. A tax levy is an asset or income seizure placed upon you by the IRS as the result of delinquent or outstanding tax debt.
When the IRS begins to initiate the tax levy, they will analyze your assets, income and personal property and gauge the best route to take to recover what you owe. Unfortunately, going after your cash is likely the first option they will try.
You will not receive notice from the IRS when they take money from your account. In fact, you may not find out until you go to withdraw money and find that your account has been depleted.
It’s also common for the IRS to garnish wages in order to collect what they are owed. This is coordinated directly between the IRS and the employer. It’s easy for the IRS to find your employer information based on past tax records.
When other methods fail, the IRS will resort to seizing your assets, which could include cars, boats, homes, and other valuable possessions that might cover your unpaid taxes.
When you’re facing IRS threats, you may feel like you’re going up against a powerful government entity and have no way out. But the truth is that there are experts like Wall and Associates, Inc. out there that can help you find the light at the end of the tunnel.
According to Credit InfoCenter, you should do everything you can to avoid a tax levy in the first place. Educating yourself about tax laws and commissioning professional help is important to protect yourself when you find you are facing one.
“Tax relief professionals have the essential knowledge to deal with the IRS and possess experience navigating through the maze of the tax settlement process. With a clear understanding of the system, they know best how to approach the IRS and skillfully negotiate a solution for their clients,” according to the organization’s website.
Firms like Wall and Associates, Inc. are especially equipped to help you negotiate such situations since the IRS can be intimidating to deal with on your own. Fortunately, you have a choice. The dedicated tax resolution professionals at Wall and Associates, Inc. understand the law, know how to negotiate with the IRS, and are equipped to resolve taxpayer conflicts. Thanks to them, taxpayers can rest assured that they have the support and resources they need to contend with IRS levies.
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