Tax Levies
An IRS Tax Levy is a legal seizure of assets taken in order to satisfy a tax debt. An IRS Tax Levy can be attached to any property, including real estate and automobiles, but is most frequently applied to bank accounts, securities, wages and even a business’ accounts receivable. The IRS usually levies only after these three requirements are met:
- The IRS assessed the tax and sent you a Notice and Demand for Payment;
- You neglected or refused to pay the tax; and
- The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy. The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested. Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Our attorneys can prevent a tax levy by requesting a Collection Due Process hearing and convincing the IRS that alternatives to the levy exist. If your wages or bank account has already been levied by tax authorities, will use their skills and experience to convince the IRS to release the levy and prevent any future levies by negotiating a tax collection alternative. We will vigorously represent you through every step of the process, advising you on the best strategies and alternatives, and achieving the best possible result.
Holtz, Slavett & Drabkin, APLC
Former IRS Tax Attorneys
(310) 550-6200
10940 Wilshire Boulevard
Suite 2000
Los Angeles, CA 90024