If you have received a Notice of Intent to Levy or other levy notice from the IRS or a state tax agency, DO NOT DISREGARD IT. You have a very limited amount of time to take action to STOP THE LEVY. In accordance with federal law, the IRS is required to serve the Notice of Intent to Levy at least 30 days prior to taking the first levy action. Service of the notice does not require hand delivery, as it may also be constructively achieved by mailing the notice via certified mail to a taxpayer’s last known address, or left at their usual place of business.
During this ’30 day stay’ of the levy, the IRS is actively working to identify and confirm your assets. All property in which you have an interest, whether held individually or jointly, is subject to seizure by levy to collect your back taxes. This means any real property, bank accounts, wages, retirement accounts, accounts receivable, or other assets that you own now or acquire in the future can be levied to collect unpaid taxes. By the time a Notice of Intent to Levy has been issued, your tax problems have reached critical mass, and continued efforts by you to ignore or delay taking action to address your tax bills will have grave consequences. The good news however is that none of this has to happen! I can stop the levy before any of your assets are seized, but you must ACT NOW