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When the IRS or state has failed repeatedly to collect back taxes, they begin to seize assets. This process is called a "levy." When they attach wages, it's termed a "wage garnishment." After providing either ten, thirty or sixty day notice through certified mail, they are legally allowed to seize bank accounts, demand payment from accounts receivable, take control of property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.
Levies and wage garnishments are the most crippling and humiliating of all collection tactics. They're designed to force taxpayers into willful compliance. Our certified partners are skilled in all aspects of the IRS restructuring and reform act of 1998, and depending on the type and severity of the garnishment or levy, it usually takes only 2-10 business days for us to successfully lift either. And if a bank account has been levied, it is possible to revert up to 95% of what was taken back into the account.
For sound advice and clear cut answers to your wage garnishment and/or bank levy questions, call us today at 1-800-410-8605 or fill out our on-line application and one of our certified partners will contact you quickly to get the tax resolution process started fast.
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