Liens and bank levies are the most common methods the IRS uses to collect unpaid taxes.  Tax liens indicate that you owe money to the IRS and they are filed with the County Clerk in the county where either you or your business have assets or operate.  Liens are a matter of public record so they typically show up on your credit report with terrible consequences.  A federal tax lien on your credit report can prevent you from getting any financing or re-financing for your home or vehicle.  Lenders are unlikely to make loans to those who owe money to the IRS.

An IRS levy is typically a bank levy, meaning the IRS will take money straight from your bank account.  The IRS may levy your wages (also called “garnishment”) or accounts receivables.  Levies frequently happen due to lack of communication with the IRS or because a taxpayer willfully refuses to pay taxes owed.

Please call me today at (770) 984-5327 if you currently have an IRS lien or levy in place.