IRS Levies

When you owe money to the IRS, they may issue a tax levy, allowing them to seize your property to satisfy the debt. Here’s what to do:

Steps Before Issuing a Tax Levy:

Before taking your property or financial accounts, the IRS must:

Send you an official Notice and Demand for Payment.
Receive no response or refusal to pay from you.
Send you a Final Notice of Intent to Levy and Notice of Your Right to a Hearing at least 30 days before initiating any levy actions.

Act Quickly to Avoid Serious Consequences:

To handle a tax levy, be proactive by hiring professionals like Yarborough. Our Tax Resolution Experts, many of whom are former IRS agents, can:

Set up a monthly payment plan you can afford.
Negotiate to settle your tax debt for less than owed.
Request relief from tax debt due to undue hardship.

If you ignore a levy, you may face continuous withholding of funds from your paycheck or bank account. Contact us for a free consultation to explore your best solution.

Let's Talk About Your IRS Levies

testimonials

What Our Clients Have To Say

I would recommend Nicholas J. Fiore, CPA to represent you if you have any tax issues with the IRS or any other state or local tax agency. I had an IRS tax liability of $1,350,433, as a result of a Payroll Tax Trust Fund Penalty. Mr. Fiore’s 50 years of tax resolution experience was exactly what I needed. He was able to obtain an Offer-In-Compromise for $132,154, after 13 months of dealing with the IRS. He then initiated a favorable payment plan based upon my monthly financial situation. I was able to get my life back on track! Nick is a lifesaver.

Tax Client

Florham Park, NJ

We are a C-Corporation that owed the IRS, NYS and NYC more than $10 million dollars in tax, penalties and interest. This was the result of a criminal tax audit for the period of (2010-2017), largely due to the

fault of our prior accountant. This accountant referred us to Nick, who spent countless hours with the respective auditors. He was able to get the IRS 75% Civil Penalty removed, as well as some of the NYS and NYC penalties and interest. All liens were also removed. In total, he saved us over $3 million dollars!! We now have 3 monthly payment plans in place. Due to Nick’s expert services, we were able to keep our doors open and have consistently increased our gross sales by 20%.

Tax Client

Brooklyn, NY

I highly recommend Nick Fiore, CPA. I had a NYS Sales Tax Liability of $387,391. I hired (2) separate CPAs to handle this; however, they were both unsuccessful. I was referred to Nick by an associate of mine. After gathering all the appropriate documents, he began in earnest to work with NYS. The end result was my acceptance of an Offer-in-Compromise for $10,456. There are no words to express my thanks to Nick.

Tax Client

Long Island, NY

I had numerous IRS and NYS tax issues regarding several Partnership and Sub-S Corporations. Nick was able to file all prior years’ tax returns and set-up installment payment plans, for all active entities. He dissolved all inactive entities and was able to get penalties waived. I was able to get my affairs and life back in order. Nick is a Godsend

Tax Client

Lancaster,PA

TAXPAYER WAS ERRONEOUSLY CHARGED $19,453.25 AS A NYS RESIDENT, BASED UPON A RESIDENCY (NEXUS) AUDIT. I OBTAINED AN AUDIT RECONSIDERATION AND SETTLED FOR $-0-.

Tax Client

Lancaster,PA

AFTER REVIEWING THE TAX RETURNS OF A NOT-FOR-PROFIT ORGANIZATION, PREPARED BY A BIG 4 ACCOUNTING FIRM, I DETERMINED THAT THEY WERE INCORRECTly PAYING TAX TO NYS AND NYC. I OBTAINED REFUNDS OF $342.119.

Tax Client

NY, NY

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