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IRS and State Tax Levies for Individuals

An IRS or state tax levy is one of the most severe actions taken by tax authorities to collect unpaid taxes. Levies can result in the seizure of assets, bank accounts, or wages, making it crucial to act quickly. At Timberline Tax Group, we provide comprehensive support to help individuals address and resolve tax levies, protecting your assets and financial stability.

Understanding Tax Levies

A tax levy is different from a lien. While a lien is a legal claim on your property, a levy actually seizes your assets to satisfy tax debt. Common types of tax levies include:

  • Bank Account Levy: The IRS or state tax authority can freeze your bank account and withdraw funds to cover unpaid taxes.
  • Wage Garnishment: A portion of your paycheck can be withheld by your employer and sent directly to the IRS or state tax authority until the tax debt is resolved.
  • Asset Seizure: Tax authorities can seize physical assets, such as real estate or vehicles, to cover outstanding tax debts.

How We Help You Resolve Tax Levies

Timberline Tax Group provides strategic solutions to release levies and protect your assets:

  • Bank Levy Release: We work to reverse bank levies and recover seized funds when possible. Our team communicates directly with the IRS or state tax authority to expedite the release.
  • Wage Garnishment Reduction or Release: We negotiate with tax authorities to reduce or stop wage garnishments, allowing you to retain more of your income.
  • Asset Recovery: In cases where assets have been seized, we explore all available options to recover them or prevent further seizures.

Steps to Take When Facing a Tax Levy

If you’ve received a notice of levy from the IRS or state tax authority, taking prompt action is essential. Here’s how we can help:

  1. Immediate Consultation: Contact us immediately for a free consultation to assess your situation and discuss potential solutions.
  2. Financial Analysis: We conduct a thorough review of your financial circumstances to determine eligibility for relief programs or alternative payment arrangements.
  3. Negotiation with Tax Authorities: Our experienced professionals handle all communications and negotiations with the IRS or state tax authority, advocating for levy release or reduction.

Why Choose Timberline for Tax Levy Assistance?

Our expertise in handling IRS and state tax levies allows us to provide effective and reliable support for individuals facing these severe collection actions.

  • Experienced Levy Resolution: Our team has a proven track record of successfully releasing bank levies, reducing wage garnishments, and protecting assets.
  • Personalized Strategy: We develop tailored strategies based on your financial situation to achieve the best possible results.
  • Ongoing Support: We provide continuous guidance to help you maintain compliance and prevent future levies.

If you’re facing an IRS or state tax levy, don’t wait. Contact Timberline Tax Group today to protect your assets and resolve your tax debt.

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