IRS Tax Levy - Know Your Rights

No matter the conditions or causes of an IRS TaxTax or Federal Court.
Levy, every individual is granted the following rights.The IRS must release an IRS wage levy once an
Firstly, the IRS cannot assess a lien on the owner'sagreement is made with the taxpayer that their back
residence if amount of funding the IRS requires fromtax liability is not collectible.
the levy totals less than $5000. Secondly, the lawAdditionally, should a taxpayer have filed an Offer in
grants that the IRS must follow Due Process in theCompromise prior to the assessment of the IRS Tax
collection of a tax liability. Therefore, The IRS mustLevy, the IRS cannot legally levy the property of the
send the Final Notice of Intent to Levy and Notice oftaxpayer, as long as the decision to either accept,
Your Rights to a Hearing 30 days or more prior toreject, or return the Offer is still pending, and for 30
issuance of the levy. Additionally, if the Statute ofdays after the decision has been made. For this
Limitations on a tax debt expires, then the IRS mustreason, as well as the variety of options and
stop collecting from the owner of the property.opportunities for payment under an Offer in
In the event that a taxpayer has appealed the levyCompromise, it is advised for an individual with
unsuccessfully via a Collection Due Process hearing,outstanding tax debt to consider filing an Offer before
an additional 30 days is given, during which time thethe IRS resorts to levying the property.
taxpayer may continue his/her appeal with the US