Do you worry about the IRS taking collection action on back taxes?
Collection actions like levying your bank account or garnishing your wages?
If so, this is for you.
I'm going to explain how you can know when the IRS is getting ready to act, so you can go from worry to confidence. Let's start with the final, most urgent IRS notice.
The Final Notice
The IRS sends you a number of notices, but the final document is called "Final Notice of Intent to Levy and Your Right to an Appeal".
By law, the IRS can't take collection action (like levies, wage garnishment or other property seizures) until they've given you this final Notice of Intent to levy.
There is good news.
Typically you're going to get five notices about a month apart. Businesses will get four notices, with a caveat: if the IRS thinks the property is in jeopardy, they can circumvent that. Most of the time though, that's what that's what you're looking at. Four notices for personal, five for businesses.
I go into detail about these five notices in this blog post, but generally speaking here's what they say.
The first notice says "Hey, you owe us money" and the second one is a reminder. The third one gets a little bit more aggressive. The fourth one is also called Notice of Intent to levy, but it doesn't tell you that you have the right to appeal.
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The Fifth Notice
The final notice is "Notice of Intent to levy and your right to an appeal". And you'll also notice the difference because it comes with publications information and actually the form to follow for collection due process hearing request.
So that's when you get that last one, you have 30 days in which to file an appeal, or what we call a collection due process or equivalent hearing. And it by law, they have to stop if you file it 31 days after the notice. You cannot stop the levy legally but as a matter of practice will usually stop and you have a year for the second one. But to be safe if you want to make sure that you stop the IRS from actually letting your bank account garnishing your wages or other property seizures, you need to file it by the 30th day.
I Offer a Free No-Obligation Consultation & Strategy Session For IRS Back Tax Problems
If this is something that is of interest to you, and you'd like to discuss with me for free, I offer you a free consultation. Just call (210) 899-5383 or fill out the form on this page. In addition I give you a free IRS strategy session. This includes me calling the IRS (after you sign a power of attorney).
There I'll find out how much your taxes penalties and interest, what type of taxes, usually it's going to be income tax unless you own a business, you could owe payroll taxes.
Then, I'll order your transcripts so we can both analyze what you owe for each tax year, what you owe in penalties interest. In addition I'll analyze the notices that they've already sent out and create for you a preliminary strategy at no charge. When we are done, you'll know exactly what you need to do to finally resolve your taxes. So give me a call at (210) 899-5383 and we'll talk soon.
By the end of your free tax relief strategy session you will have:
- A full understanding of the most important details about your unique situation.
- We'll order your transcripts and analyze them for taxes, penalties, and interest.
- A personalized IRS tax debt exit strategy to finally resolve back taxes.
- Clarity on exactly what needs to be done to be free from the IRS, once and for all.
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The Law Office of Tony Ramos is a tax firm that represents individuals and businesses worldwide online and locally in San Antonio, TX.
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