Episode 29: The IRS is Back in Business - Beware of Levy Notices

In this episode, I discuss what you should do if you receive a notice of intent to levy. Mid-June the IRS issued a slew of notices to delinquent taxpayers after pausing collections for COVID. I explain what you need to know about these notices to avoid your wages being garnished or your bank funds seized. 

Like a rattlesnake, a levy notice is a warning. Fail to act and the IRS will strike. You face wage garnishment or a bank levy, meaning you may no longer have access to funds needed for life's necessities like food, gas or rent. Act now to avoid the danger and protect your assets. 

Here are copies of the notices mentioned in the podcast, as well as the heading you will see in the letter:

LT11 "Notice of Intent to Levy and Notice of Your Right to a Hearing. Intent to seize your property or rights to property. Amount due immediately: $X,XXX.XX"

CP90 "Intent to seize your assets and notice of your right to a hearing.
Amount due immediately: $X,XXX.XX"

CP91 "Intent to seize up to 15 % of your Social Security benefits
Amount due immediately: $X,XXX.XX"

CP504 "Notice of intent to seize (levy) your property or rights to property 
Amount due immediately: $X,XXX.XX"

If you or someone you know has a tax problem and needs help now, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.