Tuesday, July 19, 2011

IRS Levies

Joe Mastriano’s sites will help you weed out people who are scam artists, and others who fraudulently represent taxpayers.

IRS levies is the action of taking an asset (property, bank account, wages, social security etc.) to satisfy the payment of a debt .

A subordination is the process of getting IRS to allow another creditor a higher collateral security position in your assets.

If you receive a levy notice, don’t hesitate to follow the procedures and contact the issuer to resolve the matter.

The IRS is entitled to file a lien and protect their interests against you. They can sell the property to a third party. For the most part there isn’t much you can do about it. The IRS maintains that it has a right to protect their interests.

I may be able to help you solving lien, levy, and subordination problems. Call me now at 713-774-4467!

Removing IRS Levies

IRS levies will be removed from if you can convince the collection employee that you are taking steps to be in full compliance. This means that returns and collection statement information is being prepared and will be given to them by the agreed upon due date.

Sometimes you need to file returns and/or collection statement info before a levy is released. Sometimes, an IRS employee, after reviewing the financial statement information and he is not satisfied with the evidence shown, might decide to set up an agreement first. If that will take too much time and checks will bounce, or your about to lose most of your wages, then it will be necessary to prove hardship to speed up the removal of the levy you struggle with.

Struggling with IRS levies? Contact us today to see how we can help!

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