Individual Taxes: Levy
IRS LEVY
Have you, your bank or your financial institution received an IRS Tax Levy? You want to know:
- Why you received it,
- What does it mean, and
- What Do I do to resolve the levy
STATE LEVY
You received a notice from your state about your tax debt. Did you know the state can also levy you. Let’s analyze what a state levy is and how you can take care of it
NOTICE OF INTENT TO LEVY
You received a letter 1058 from the IRS. These letters are sent by certified mail to your last known address and allows the IRS to levy (take) levy bank accounts, garnish wages, and seize assets. The Final Notice of Intent to Levy gives you 30 days to file an administrative appeal for a “Request for a Collection Due Process or Equivalent Hearing.” ” A sample of the LT 11 form can be viewed here.