understanding the various types of IRS Levies with The Law Offices of Nick Nemeth
  • June 20, 2019
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The IRS usually starts the tax-levy process with wage garnishment, by contacting the employer of the person in default, asking to redirect a part of their future payments to the IRS. That’s just one of several types of levy the IRS can impose. While you can always count on the IRS tax lawyers at the Law Offices of Nick Nemeth to help you out with all sorts of IRS tax related problems, it would be sensible to cover the basics. Read on to learn more about the property IRS can lawfully levy, and how to prevent and undo the damage.

1. Wage Garnishment

This is probably the most common type of IRS levy. The agency will contact your employer and tell them to hold back a certain amount of your wage. While your employer cannot legally fire you for wage garnishment, the situation can be quite embarrassing as well as financially painful. The garnishment process carries on until your debts are fully paid. You can also stop garnishment by making a different arrangement through experienced lawyers who can help resolve IRS tax problems.

2. Bank Levy

The IRS is able to reach out to your bank to ask for the deposits in your account as repayment for your tax debt. You usually get a grace period of twenty-one days to address this situation, though you cannot use the funds in your account during the period as they get frozen.

3. Social Security

The Social Security Administration can be requested to send 15 percent of all your payments to the IRS, which will continue until the outstanding amount is cleared. You can, however, consult a tax lawyer to get help with IRS problems resolution.

4. 1099 Levy

If an individual or a business owes money to an independent contractor, the IRS is able to ask the debtor to send what they owe to the IRS instead of the contractor. The IRS is capable of issuing multiple levies for collecting on the 1099 income. Additionally, the IRS may contact the retirement account holder of the debtor, renters living in the debtor-owned buildings, and almost anyone who is paying the debtor money.

5. Other Property

Land, real estate and vehicles are all eligible to be seized by the IRS. Basically, the tax body has the right to acquire any asset that holds value and then sell it to recover the debt. Fortunately, you will rarely see the IRS seize any of these properties and as this only happens only in extreme cases.

Need Professional Assistance? Speak with Us

The levy process may seem simple, but it involves a lot of intricacies that call for professional expertise. If you are unable to meet your IRS tax debt obligation, speak with an IRS tax attorney at the Law Offices of Nick Nemeth – a team of experienced IRS tax lawyers with years of experience in helping individuals and businesses with all sorts of tax problems. For a confidential, no-obligation consultation with one of our IRS tax lawyers, fill out our contact form or simply call (972) 426-2553.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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