Once your tax liability has been established, and a notice for payment is issued, it is upon you to make the necessary payments to the IRS. Failure to do this attracts a tax levy. This is among the variety of actions that the IRS can take without taking you to court first. A levy is an action where the tax authority seizes the available property to cover the tax debt outstanding. Once property has been seized as a levy it is very difficult to recover the same; this means if you have a problem with a notice to a levy it is better to respond quickly within the specified period by making an appeal. This gives you a chance to resolve the problem before your property seized.
How to Request Tax Levy Appeals
When you receive a “Final Notice of Intent to Levy and Notice of Your Right to a Hearing,” you have a maximum period of 30 days to lodge an appeal. The appeal for the tax levy is officially referred to as a request to a Collection Due Process hearing. This hearing has to be filed with the office that is listed on the notice received. When thinking about filling an appeal with the Appeals office it is important to note that even though the entire problem can be sorted by a simple phone call, the appeal ensures that no levy action can be taken before a resolution is reached.
When should you opt for Tax Levy Appeals?
Every individual who receives a notice for payment of the outstanding tax amount has an important decision to make. They can either make the necessary payment in the stipulated period or file an appeal. The following are some of the circumstances in which you can make an appeal.
When taxes have been paid in full then, it is in order for you to file for an appeal hearing so as to get a chance to clarify the situation. This applies when the taxes have been paid in full before the notice is issued.
Where you have submitted an offer in compromise, the IRS is supposed to first review your offer before taking any further steps in recovering the outstanding amount especially through a levy.
If you have already made an agreement to cover the outstanding amount in a series of installments, the IRS is not supposed to commence any steps in initiating a levy.
A host of other situations exists where it is highly beneficial to the individual under consideration to file for an appeal. Our experienced and knowledgeable professionals are ready to help you sort out any mix-ups that may result in the issue of a tax levy against you as handle tax levy appeals on your behalf.