What to Do When You Receive a Notice: Urgent - We Intend to Levy

Monday, October 17, 2011

When it comes to owing money to the IRS the best way to handle it is to pay what you owe as quickly as possible. Believing that you can get away with not paying when it comes to the IRS would be your first mistake. The second mistake is that when they do catch up to you, for whatever reason, you choose to ignore their correspondence including an Urgent – we intend to levy notice. While they will send you a letter and then another, if you choose not to respond to the certified letter that states we Intend to levy that they are forced to send, you have set yourself up for defeat. Even if you moved and did not receive any of their letters, that is not a resolution to the problem, nor is it an acceptable excuse. The IRS legally only has to send the notice that states we intend to levy to the last known address on file.

So now that you have ignored all notices – including the notice that states we intend to levy - the IRS has decided that the only way they are going to get your attention is by freezing all of your assets. This means any account bearing your name, even if there is another person on the account, will be frozen. Since you only have a short period of time before the IRS takes your money, possibly all of it, depending on what the owed obligation is, time is of the essence. So what do you do? Well you could try and contact them to settle the notice that states we intend to levy on your own, but at this point your best bet is probably to hire a tax attorney with a lot of experience in dealing with the IRS and notices that state we intend to levy.

The tax attorney through a power of attorney authorized by you can speak directly to the IRS on your behalf in regards to the notice that states we intend to levy. Now would be a good time to get your tax returns in question together along with any corresponding papers and receipts, proving you filed correctly. If you have not filed for several years, you need to file now as the IRS will not offer any settlement on back taxes without the missing returns being filed.  Now that you have filed your taxes and gathered your documents, including the notice that says we intend to levy, you will need to sit with the tax attorney and review your returns and go over any discrepancies the IRS may have.

Once you have turned over the reins to your attorney he can discuss a possible settlement of any returns still in question and get a release on the notice of intent to levy along with any levies that have been placed on your accounts. If you are not prepared to pay the agreed amount on the spot, an installment agreement can be worked up offering you the chance to pay the back taxes over time. So long as you do not default of this agreement you will not hear from the IRS again. The most important part is that you handle the notice that states we intend to levy as quickly as possible before the IRS actually acts on the notice.

IRS Resources – IRS State/Seizure of Assets 

The IRS has an overview and complete library on civil seizure and forfeiture.  Are you afraid that the IRS can take everything you own?  Find out what they can legally claim access to at eTaxes.com.  Do Google searches on your local state to find out what laws might apply to your particular tax situation. For more legal information you can contact the bar association at http://bhba.org/.

Removing IRS Penalties

Monday, October 17, 2011

If you have had an outstanding debt with the IRS for some time and are currently paying off the debt monthly with an installment agreement, you may qualify for special settlements that results in the IRS removing IRS penalties. This process is known as abatement. Simply put abatement allows you to dispute the penalties and if granted this can significantly reduce the balance owed, sometimes up to 25%. The process is handled separately while you continue to pay your monthly bill. The draw back to the abatement is that while you may win, at the end of the process you will be expected to pay the balance that was left by Removing IRS penalties.

How does a Person Qualify for Abatement?

Abatement is one way of removing IRS penalties. There are several ways you can qualify to have the penalties and some of the interest created from the penalties removed from your balance. To find out if you qualify, contacting an IRS tax attorney is your best bet. However, you may qualify for removing IRS penalties if you meet any of the following conditions:

  • Hardship-If you have been unemployed for an extended period of time or were involved directly by a natural disaster. Removing IRS penalties is usually very easy in this instance, if you can prove your hardship.
  • Serious Illness- Either life threatening or a serious illness that will take months to recover from is grounds for removing IRS penalties. You will have to provide documentation, but it will help you in your quest for removing IRS penalties.

  • Personal matter- A personal matter such as a divorce or family problem requiring your attention is also a valid reason for removing IRS penalties. This will not result in you not having to pay, but the accumulating interest and penalties may be reduced or eliminated.

  • Tax Professional- Ill advice from a hired tax professional is considered a reason for removing IRS penalties. If you relied on an IRS tax attorney or a CPA to provide you with solid advice and they failed, you may file for an abatement.

Filing for abatement through the IRS is relatively easy. You send a letter to the IRS explaining your particular situation and request a refund of the penalties based on that. If you do not want to send a letter you can call the IRS and speak with an agent who handles these type matters. In both instances you will be required to fill out an IRS form 843. This is the form used when requesting an abatement of penalties and interest. So long as your reasons are accepted there should be ease in removing IRS penalties.

Another way of removing IRS penalties is to wait until the actual amount of the taxes have been repaid before the interest and penalties were added. Once the original amount has been paid you can again either write or call the IRS and then use the fact that you have paid back the debt and see if any of the additional fees can be removed. By having already paid the original debt you are in a better position to bargain and more than not the IRS will settle for less than the full interest and penalties. Just keep in mind that they only settle when it is agreed that the full bill will be satisfied.

IRS Resources – IRS Penalty Abatement 

Looking for more resources on IRS Penalty Abatement?  The instructions for the relevant IRS Form 843, Claim for Refund and a Request for Abatement, may be helpful to look into.  Google can help you find the answers to a specific question that may have answers that vary by state. 

Working with an IRS Collections Officer

Monday, October 17, 2011

If you have received a visit from an IRS Collections Officer chances are good that you owe over $25,000 in taxes and have not made arrangements to repay, have not filed taxes for years or have ignored prior correspondence from the IRS. In any case the IRS has felt the need to pay you a visit. The IRS Collections Officer is different than your typical IRS agent. Whereas the IRS agent is most likely the one you would speak with on the phone, the IRS Collections Officer is a field officer specializing in making house calls to your home and place of employment. The sole purpose of the IRS Collections Officer is to collect money.

They are trained to hunt down and find any assets you may have and seize them if necessary. Receiving a visit from an IRS Collections Officer is unannounced. If you are not at home when they come they will leave their card with allocation and date to appear before them. Chances are also good that they have already gathered personal information on you from your employer and neighbors. IRS Collections Officers have the sole power to authorize a levy, garnish and the ability to seize other assets if warranted.

What can you do if you receive a visit?

If an IRS Collections Officer has contacted either in person or through a card left behind, do not panic. Contact a tax attorney sooner rather than later, as the IRS now wants to see you. By contacting and meeting with a Tax Attorney you can slow the process down. The attorney will contact the IRS Collections Officer and go with you to the appointment. The Tax Attorney’s specialty is dealing with the IRS and collection proceedings.

You will first meet with the Tax Attorney alone to divulge to the attorney the reason for their visit. Be truthful as you cannot be helped if you leave out any unreported income or years of unfiled taxes. All of your tax information is already on paper before the IRS Collections Officer. Putting all issues on the table will allow the tax attorney to work for you. The attorney can then explain to you your options to resolve the matter as quickly as possible to avoid any future problems, such as a levy or garnish of wages.

Once the meeting takes place you will feel better knowing that everything is in the open and be able to work up arrangements for repayment. Most matters can be resolved if you cooperate and offer to pay the back taxes. There are several ways to repay over time if you are not able to pay the full amount that is due. Let the tax attorney speak for you and only respond when directed by your attorney as this helps to eliminate any misunderstandings. By fully cooperating you are showing that you are sincere with your efforts. So long as you continue to pay the arrangement the matter will be closed and you will not receive any more visits from the IRS Collections Officer.

IRS Resources – Revenue Officers 

Wondering how to deal with a revenue officer?  The experts at Avvo have written a guide for dealing with IRS Revenue Officers.  Visit IRS.gov for any answers you might need to specific tax questions.  You can also turn to Google for more help. Visit the bar association at http://bhba.org/ for more advice on seeking tax attorneys.



How to Deal with an IRS Wage Garnishment

Monday, October 17, 2011

While most of us file our taxes each year and get a refund, some people are not as fortunate and seem to owe more than they paid in taxes throughout the year. There is nothing wrong with this, provided you file and send in the amount owed to avoid an IRS wage garnishment. However there is still a small percentage among us who for whatever reason decide not to pay their taxes at all. These are the people who helped the IRS to develop a system to check the returns as processed for any irregularities or items out of the norm. Some of the penalties that apply to those who do not pay their taxes include an IRS wage garnishment.

When receiving a letter from the IRS you need to take is seriously, do not wave it off thinking they will forget about you. This is not going to happen. The IRS is very patient even offering you yet another chance to respond before initiating action such as an IRS wage garnishment. This time correspondence will be sent via certified mail. The letter will start out by expressing their concern that you have ignored prior notice and to contact them as soon as possible to discuss your tax return or in some cases several years worth of returns. By not contacting them you will create a lot of unnecessary headaches one of which may include an IRS wage garnishment. The IRS will work with you if you call and plead your case. By simply discarding their second notice you are setting yourself up for severe consequences one of which includes an IRS wage garnishment.

By now the IRS is getting the message that you are not going to call them on your own. The next step they take is harsh, designed to send a clear message that they are not going to contact you anymore. They will now wait for you to contact them. It happens out of the blue so you think, but with several attempts unanswered the IRS has now earned the right to freeze your assets and initiate actions such as an IRS wage garnishment. Any accounts bearing your name will be placed on hold. You will not be able to use any of your money as a levy is now in place and to remove that levy will take a call to them offering a settlement. At this point a tax attorney is your best bet as they can speak with the IRS agent and arrange a settlement and try to remove the IRS wage garnishment. Once the settlement is in place the levy can be removed as well as any other penalties such as the aforementioned IRS wage garnishment.

If you have not called or had someone call on your behalf, the levy is not removed and the IRS wage garnishment will continue to be in effect. After a short period of time the monies on hold will be released to the IRS. If the monies collected are not enough to satisfy the amount owed in back taxes, the IRS can obtain a wage garnish against you. This garnish is given to your employer and the IRS will collect a certain amount per pay period until all funds are recovered. They will barely leave you enough to live on. Hopefully you have reacted long before this, but if not you can still hire a tax attorney to speak with the IRS and work to arrange a settlement, if this can be achieved the IRS wage garnish will be removed and so long as you do not default the IRS will not contact you.

IRS Resources – State/Wage Garnishments 

Looking to find out what the local laws are in your area? Try searching for wage garnishments + your state on Google. You can even check out  The Department of Labor which has a helpful guide on wage garnishment you might find useful. Here’s a helpful 2011 IRS table for calculating the amount that’s exempt from wage levies. For more attorney related information, visit the bar association at http://bhba.org/.

What is an IRS Seizure of Assets?

Monday, October 17, 2011

If you know that you owe the IRS taxes, the first thing you should to is to contact them to work out an installment agreement or find a way to settle your taxes. Failing to do so will result in an IRS seizure of assets to pay off your taxes. The IRS does not play games when they try to collect to pay your taxes. Other debt collectors do not have the power that the IRS has to collect debts. The best way to stop an IRS seizure of assets is to work with the IRS or hire a tax lawyer.

Unpaid Taxes

When someone owes taxes to the Internal Revenue Service (IRS), they can seize any asset that a person owns. People who own homes can lose their property in an IRS seizure of assets if the amount they owe is large enough to permit a house seizure. This is usually the IRS’s last resort to paying unsettled debts. An IRS seizure of assets is not an enjoyable experience, and people need to contact an attorney or advisor for legal advice, and to stop the seizure.

Income is another asset that the IRS includes in the IRS seizure of assets. They freeze and liquidate any bank account or retirement account that people have to pay their taxes. When someone owes a lot of money to the IRS, the person has an increased chance he or she will lose everything he or she owns from an IRS seizure of assets. Taxpayers need to be proactive to settle their tax debts, since the IRS will not leave them alone until they get their money.

Seizure Process

The IRS will start the IRS seizure of assets process by filing a Notice of Federal Tax Lien, and place a lien on the taxpayer’s property. The Internal Revenue Service will make a claim on your property that they are a creditor. The IRS seizure of assets makes it difficult for a person to sell his or her property or filing for bankruptcy.

Another tool the IRS uses in an IRS seizure of assets is a Notice of Levy. A levy goes on to a person’s bank account(s), and freezes all the funds to settle the debt. Banks have no control over a levy, and people cannot access their account(s) for 21 days. If the amount in the account is not enough to settle the debt, the levy stays on until the person works out a payment plan or they settle the debt.

Additionally, when a person files their tax return, and they are entitled to a refund, the IRS will initiate an IRS seizure of assets for the refund to pay the debt. The refund will go toward any penalties and interest of the person’s tax debt.

Fighting an IRS Seizure of Assets

The only way to stop an IRS seizure of assets is to talk to the IRS to work out a payment agreement. People who have a difficult time settling the amount they owe can hire a tax attorney to talk to the IRS. A tax lawyer works on behalf of the taxpayer to negotiate a settlement agreement, lift bank levies, and to initiate a payment agreement. When the IRS sees the person making an effort to resolve their tax debts, they are willing to work with them on a payment plan if they cannot afford the entire amount.

IRS Help

If you have specific questions, Contact the IRS.  The IRS has a website that you can visit at IRS.gov. People can search and download IRS forms and publications from the website.   The Department of Labor has good resources about employment taxes. You can search Google to find answers.  Another place that has good information is the Beverly Hills Bar Association.

What an IRS Bank Levy Can Do

Monday, October 17, 2011

An IRS bank levy can seize any funds in  your account to settle your tax debts. This usually happens when you refuse to pay the government, and ignore their collection letters. When you do not respond back within a certain time, they go forward with an IRS bank levy. Your bank has to comply with the government regarding this matter, and the only way to remove the levy is to talk to the IRS or have a tax lawyer talk to them.

A bank levy freezes all your accounts that are in your name. The IRS takes all the money that is in your checking, savings, and money market accounts until the debt is paid. If you still owe money after they place an IRS bank levy on your account, your account stays frozen until you pay the debt in full. This is why people talk to a tax attorney to remove the levy from their account.

If you still owe money after the first levy, the IRS can place levies one after another to pay the debt in full or until you call to set up a payment arrangement. Banks can charge overdraft fees on bounced checks and debit purchases during this time. In addition to bank fees, you will not pay any bills during this time, since all your money is going to pay off your tax debt.

A tax lawyer will step in and deal with the IRS to remove the levy on your account. The IRS will not tell you when they will place a levy on your account. The 21-day window is crucial to arrange a payment plan with the government so you do not have to worry about falling behind in bills, and supporting your family.

IRS References

You can visit the IRS.gov  website to find helpful information regarding tax levies. If you have a question about the amount you owe, Contact the IRS  to get answers. You can also search Google if you have a certain keyword.  Find additional information from the Beverly Hills Bar Association. Do you need a form? Go to the IRS forms and publications to find the form you need.  The Department of Labor is another place that offers employment tax information. 

Reasons why an IRS Revenue Officer May Come Looking For You

Friday, October 14, 2011

We mainly see an Internal Revenue Service (IRS) officer as something similar to a plaque that must be avoided at all costs. Of course, this would be understandable since more often than not, when an IRS revenue officer comes looking for us (or hunting for us) it means that there may be something seriously wrong with the tax returns we filed, or we have unpaid taxes that must be settled.

When an IRS revenue officer snoops around looking for you, it is imperative that you contact an IRS tax attorney to help you manage your tax problems, and plot a course of action. The following are some of the reasons why an IRS revenue officer might find the need to speak with you:

  1. Unpaid Taxes – If you have not been responding to notices sent to your last known address, or your place of work, and has continued to be delinquent in paying your taxes then an IRS revenue officer may be assigned to your case to either notify you of your delinquencies or collect payment of taxes. When this happens, seek counsel of an IRS tax attorney to help you sort out your tax issues or help you make the necessary tax payments.

  1. Enforce a Tax Lien – A tax lien is a legal claim imposed by the Internal Revenue Service to secure payment for your unpaid taxes. An IRS revenue officer may impose a lien your properties as an initial step of imposing the IRS’ right to seize your assets. Contact you IRS tax attorney for help because a tax lien will prevent you from selling or transferring ownership of your properties, and will also apply to properties you acquire while the lien is in effect.

  1. Seizure of Assets – Due to your insistence in ignoring your tax liabilities, an IRS revenue officer may seize your assets, like your house, boat, cars, etc., in order to satisfy your tax debts. When the IRS decides to seize your assets, it goes without saying that you are in serious trouble. Your IRS tax attorney can help you handle this situation and may even help you in avoiding the seizure of your assets.

  1. Bank Levy – Another way for an IRS revenue officer to collect payment for your unpaid back taxes is by imposing a levy on your bank account. Because a bank levy against you will cripple you financially, having your IRS tax attorney negotiate with the IRS revenue officer may help remedy the situation.

  1. Wage Garnishment – An IRS revenue officer can also contact your employer to require them to turn over part of your salary as payment for your back taxes, this is called wage garnishment. Your employer will have no other choice but to obey since they may be penalized if they do not do as told. Your IRS tax attorney may be able to find alternatives that will prevent your wages from being garnished, so contacting them would be the wise thing to do

When an IRS revenue officer finds it necessary to speak with you, then it is important to be represented properly by an IRS tax attorney. Your IRS tax attorney will be able to speak with the IRS revenue officer and help negotiate terms and conditions that will be beneficial to both parties involved. This will ensure that your rights are protected and matters are handled in your best interests.

IRS Resources

If you want to know more about how to deal with a revenue officer, experts at Avvo have made a guide for dealing with IRS Revenue Officers.  For specific questions regarding tax issues, visit IRS.gov.  You can also search Google or visit the Beverly Hills Bar Association for more information.

How to Deal with an IRS Bank Levy with the Help of IRS Tax Lawyers

Friday, October 14, 2011

Being slapped by the Internal Revenue Service (IRS) with a bank levy is one of the most unforgiving circumstances you will have to go through. For some reasons, the IRS considers money deposited in banks as extra money, which you will not need for your ordinary and necessary expenses. Because of this, when the IRS finds out that you have money stashed in banks, they will impose an IRS bank levy on you to satisfy payment for your unpaid taxes.

An IRS bank levy will cripple you financially so seeking the help of IRS tax lawyers will be very advantageous. IRS tax lawyers can provide options how to stop the IRS from imposing an IRS bank levy on your accounts, or help release levies already in effect.

Some of the ways you can have an IRS bank levy lifted or released are the following:

  1. Pay Your Taxes – The best way to have an IRS bank levy released is by paying your taxes in full. You can seek help from IRS tax lawyers to determine the right amount of taxes you need to pay, or to check whether the IRS committed errors in their computations of your tax liabilities. However, you may need to source funding for this payment through other means like acquiring loans, borrowing money from your family or selling properties.

  1. Payment Agreement – One of the most affordable ways to have an IRS bank levy lifted is by entering into a payment agreement with the IRS. This type of payment agreement most usually comes in installment payment methods. If you don’t have a bad history with these types of payment setups, the IRS will be inclined to grant your request.

  1. Offer in Compromise (OIC) – To help you with an IRS bank levy, your IRS tax lawyers may also help you apply for an offer in compromise with the IRS. An offer in compromise allows you to pay your back taxes for less than the total amount you owe. Usually the IRS will agree to an offer in compromise if they assess that it is unrealistic to collect the total amount you owe, or if you are offering to pay greater than what they expect to collect from you.

  1. Expiration of Statute of Limitation – When the statute of limitations (time to collect) on your unpaid tax debts expires, an IRS bank levy will be released. However, it takes 10 years before the statute of limitations expires so it would be wiser to resort to other options.

  1. Substantial Economic Hardships – If an IRS bank levy is causing you some difficulties and economic hardships, then you may approach the IRS to have an IRS bank levy lifted or released. Ask help from your IRS tax lawyers to show the IRS that you are experiencing tumultuous times due to the imposition of the levy. You may need to show eviction notices or disconnection notices from some utility providers to convince the IRS.

An IRS bank levy is something that we’d all rather not deal with. But due to some tax liabilities on our part, we may force the IRS to penalize us with levies. If this happens, then you should consult your IRS tax lawyers to help you deal with the situation in the best possible way. Of course, the best approach to avoid an IRS bank levy is to file and pay your taxes on time.

IRS Resources – Bank Levy

Want to know more about bank levies?  Check out the IRS resource on bank levy.  You can also visit Wikipedia to learn about bank levy procedures.  You can also find what your state has to say about tax levies by doing a search on Google.  The Los Angeles Bar Association may also provide more information about levies.

Avoiding an IRS Seizure of Assets

Friday, October 14, 2011

The IRS has, and will use in serious cases, have the power to use a vast number of tools in order to collect on back tax liabilities owed to them. Dealing with the IRS is enough to make the toughest man cringe, but with the help of a skilled tax attorney, facing the IRS doesn't have to be quite so scary. Even in the face of perhaps the worst penalty you can face - an IRS seizure of assets.

An IRS seizure of assets is the process by which the IRS seizes your assets - bank accounts, retirement accounts, insurance policies, valuables, and even your home - to be liquidated in order to pay off your back tax debt. With the accounts, the funds are simply seized and the monies are applied to the taxes you owe. However, when it comes to policies, valuables, and even property, the IRS must sell these items in order to liquidate them. Perhaps the saddest things about an IRS seizure of assets is that your valuables and property are likely to be sold for far less than you paid for them.

The IRS seizure of assets is a very severe penalty and is used only in cases where all other means of collection have been exhausted, unsuccessfully. An IRS seizure of assets is a costly and timely process for the IRS, and the monies actually recouped are often not enough to satisfy your debts and the cost of enforcement. If you are faced with an IRS seizure of assets notice, this means that the IRS has tried, repeatedly, and failed to collect on the debt that you owe them. While an IRS seizure of assets notice seems like something that is iron-clad, with the help of a trained tax attorney, you can ensure the protection of your assets.

Before there can be an IRS seizure of assets, you must be formally notified of the intent to levy your assets. Upon receiving this notice, you (and your lawyer) have thirty days to come to an agreement or enter into a settlement with the IRS. If this takes place, the IRS seizure of assets notice will be lifted. There are a number of different options given to you by the IRS that will allow you to avoid the IRS seizure of assets.

If you can pay your back tax debt in full, this will life the IRS seizure of assets threat immediately. However, most people do not have this kind of cash lying around, or they would have paid their taxes to begin with. The most common outcome is a payment agreement that allows you to repay your debt, while also lifting the IRS seizure of assets. In special cases, where a number of different requirements have been met, your lawyer might be able to negotiate an Offer in Compromise for you. This is a lump sum settlement that is often negotiated to much less than what you originally owed. While it might seem that receiving an IRS seizure of assets notice is the final straw, with the help of an experienced attorney, you can work with the IRS to come to an agreement that works for you.

IRS Resources - IRS Seizure of Assets

The IRS offers a comprehensive page describing the process of a seizure of assets that can be of great help in answering your questions. There are exemptions from what can and cannot be seized in an IRS seizure of assets, as well as a certain amount of income that is exempt from seizure. eTaxes provides a great guide explaining these exemptions. You can also do a quick web search on Google to answer any further questions. The Beverly Hills Bar Association website also provides a good deal of great information.

Without Proper Representation an IRS Bank Levy Can Be a Financial Nightmare

Friday, October 14, 2011

When it comes to powers of debt collection, the IRS is certainly armed with a lot of different ways of collecting on their debt. One of the worst situations you can find yourself in is facing an IRS bank levy without representation from an experienced tax attorney. An IRS bank levy is a serious penalty imposed on you by the IRS, but even when the threat of an IRS bank levy is on the table, an experienced attorney can help you avoid the actual freezing of your assets.

Back tax debt is incurred for a huge number of different reasons, but regardless, the IRS expects you to pay your tax liability. Failure to do so can result in some pretty hefty fines and penalties, and if ignored for too long, can end with an IRS bank levy. This is perhaps the most harsh form of punishment outside of the seizure of your physical assets. With an IRS bank levy, your bank account will be frozen for a period of time, before the funds are released to the IRS to pay the back taxes you owe.

However, though it seems as though the IRS is all-powerful, they cannot just impose an IRS bank levy on you out of nowhere. Even when they have the means to proceed, they must follow a process that allows time for appeals or arrangements to be made between the debtor and the IRS. This is why it is so vital to contact a qualified tax attorney if you have received any correspondence from the IRS threatening a bank levy on your accounts.

Before an IRS bank levy can be placed on your account, the IRS must contact you a number of times in an effort to collect on your debt without success. At this point, the IRS can then begin to move forward with the process of imposing an IRS bank levy. They must send you a notice of Intent to Levy your account. Upon receipt of the notice, you have 30 days to get in touch with the IRS to work out a settlement or payment agreement. Your lawyer can assist you in getting the best possible deal for your budget. If the obligatory grace period passes without compliance, the IRS can move to put an actual freeze on your account - that is, to impose the actual IRS bank levy. These funds are then held for a brief period of time, again to allow for appeal or other correspondence, before being released to the IRS.

Once the IRS has your funds, it is incredibly difficult to get it back. It is advised that you take the correspondence you receive from the IRS very seriously. If you have received threats of an IRS bank levy, contact a qualified tax attorney immediately to help ensure your financial future does not face ruin. Your attorney can help you find an option that will allow you to repay your debt to the IRS, while not putting yourself into further debt at the same time. There are a number of options available to you, that allow you to avoid the IRS bank levy, so don't ignore the IRS any longer.

IRS Resources - IRS Bank Levy

The IRS offers a resource page on its website that provides detailed information about bank levies. If you are looking for more information about the actual process of a bank levy, Wikipedia has an excellent article that is written in plain English. If neither of these resources answer your questions, do a quick web search using Google. You can also check out the Beverly Hills Bar Association for further information.