Has the IRS placed a levy on your bank account, wages, or other property?
We know and understand that an IRS levy is a serious matter that weighs heavily on taxpayers, causing great stress.
We deal with IRS Tax Levy Release situations on a regular basis and know how to get this resolved quickly and with as little stress as possible.
Have your IRS Tax Levy Released Without Fully Paying The Tax Debt
Yes, an IRS Tax Levy can be released if the amount is paid in full, but there are other situations that can lead to an IRS Tax Levy Release as well. The IRS can also release a levy if it is determined that the levy is causing an immediate economic hardship. We have experience dealing with these situations and know what is required to prove that a hardship exists and that the IRS Tax Levy Release should be initiated.
The IRS is required to release a levy if it determines that:
- You paid the amount you owe
- The period for collection ended prior to the levy being issued
- Releasing the levy will help you pay your taxes,
- You enter into an Installment Agreement and the terms of the agreement don’t allow for the levy to continue,
- The levy creates an economic hardship, meaning the IRS has determined the levy prevents you from meeting basic, reasonable living expenses
- The value of the property is more than the amount owed and releasing the levy will not hinder our ability to collect the amount owed.
If you need help with an IRS Tax Levy Release, reach out to us today so that we can resolve this as soon as possible!