Phoenix AZ IRS Tax Levy Release
If the IRS levies your paycheck your employer is required to send the IRS up to 80% of your paycheck. This paycheck levy will continue until the full tax debt is paid off or the statute of limitations expires or you enter into one of several settlement options. If the IRS levies you bank account the bank must turn over to the IRS all of your savings to the IRS up to the amount of the tax debt after 21 days.
Taxpayers need a competent advisor at this point. A collection due process appeal will give you time to enter into a settlement with the IRS that will prevent the worst of all possible outcomes. There are many settlement options that can eliminate the tax or minimize the amount you will have to pay the IRS.
Below is a recent example of a Phoenix AZ IRS tax levy release done by Tax Debt Advisors, Inc for their client Brian. Brian was being levied by the IRS for quite some time now. He owes the IRS over $200,000 in back taxes and needed help getting everything resolved for him. Scott Allen EA of Tax Debt Advisors, Inc was able to be hired as his power of attorney, collect his current financial information (income, expenses, debts, and assets) and formulate a plan to get a monthly payment plan in place for him to once and for all STOP the IRS levy.
Contact Tax Debt Advisors, Inc near Phoenix AZ today for a free initial consultation. Schedule your appointment by calling 480-926-9300. Tax Debt Advisors, Inc. has been providing tax resolution services in the Phoenix AZ area since 1977. You will receive one on one help from Scott Allen, E.A. from beginning to end.