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How to have an IRS levy released...
How To Have An IRS Levy Released
Let's face it, dealing with the IRS is never pleasant; this is especially so when they start coming after your assets and garnishing your wages. If this day ever comes, you need to know how to have your levy released.
If you find yourself owing $10,000 or more to the IRS or a state taxing entity, reach out to us at Liberty Tax Defenders today for a FREE consultation at info@libertytaxdefenders.com.
1. Enter Into A Payment Plan
This first way to have a levy released is to enter into a payment plan (also generally known as an installment agreement). Once you establish a payment plan, the levy is automatically released. This strategy works very well when you're dealing with wage garnishments. If you need someone to negotiate a payment plan with the IRS, reach out to your premier tax resolution company.
2. Prove You Have A Financial Hardship
Another way to have the IRS release a levy is to prove that you have a legitimate financial hardship. However, if and when the IRS requests your personal financial statements, timing is everything. You want to make sure that you document and demonstrate legitimate expenses for items such as rent, food, health insurance, transportation, medical expenses, and clothing. If you can't prove a legitimate financial hardship, then it could lead to a modified bank levy release or other partial release.
3. Ask the Agent To Release It
Finally, another way to have the IRS release a levy is to simply ask the IRS officer you're working with to release it. This method isn't an exact science as some IRS employees are more willing to work with you than others. However, if you suspect that an IRS agent isn't helpful, you can always hang up and dial back in hopes of getting a more cooperative agent. It's been our experience that about half of the agents we deal with are willing to work with you whereas the others are not.
At the end of the day, the easiest and most certain way to get your levy released is to enter into a payment plan and start making payments.
Conclusion:
While getting your assets levied is a very serious matter, there are ways to have those levies released. If you do find yourself on the wrong side of an IRS notice, engaging a tax relief professional such as your premier tax resolution experts at Liberty Tax Defenders can provide personalized advice and assistance, ensuring you remain compliant while minimizing your tax burden.
Don't forget to reach out to us today for a FREE consultation!
To your success!
P.S. Make sure you get your FREE copy of our SPECIAL REPORT: "The 7 Secrets The IRS Does NOT Want You To Know!" (simply click on the link in the previous sentence, scroll down to the second section of our home page, and download your copy today!)
Or, email us at: info@libertytaxdefenders.com for your FREE copy.
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