A levy is the IRS's way of getting your immediate attention. A levy can do a lot of damage, if it's left alone. They are used to seize your wages, bank accounts, and whatever other assets you have, and will continue to seize until the IRS acquires enough money from the seizures to fulfill the debt. Knowing this, it would be best to work with the IRS before they can initiate the levy.
An alternative the IRS uses is a wage levy (or wage garnishment). This may be worse for you, because the IRS will take the majority of your pay from every paycheck until they are paid off, regardless of what you may need the money for at the time. Then, if that is not enough to satisfy the debt they may also begin seizing your assets on top of the wage levy.
Please let us know what you are going through. We want to help you out of this terrifying experience. We are often able to get levies released. It is our goal to set you free from debt with the IRS, with what you can afford, and get you back on your feet.
Contact us today; fill out the form below for your free consultation.
At First Choice Professional Services, we've been serving the accounting needs of Amsterdam, NY and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.
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