| A Dose of Reality: If you owe the IRS, you can't | | | | assets as long as you owe tax debt but only until the |
| escape your debt. You may wish there was some | | | | statue of limitations expires. |
| easy solution for removing a Tax Levy, but there isn't. | | | | Can I sue the IRS for levying my assets? |
| It's hard to communicate with the IRS. So make sure | | | | Not exactly. If the IRS has wrongfully levied your |
| you arm yourself with tax knowledge before taking | | | | assets when you know you didn't owe anything, you |
| the plunge. | | | | would have the right to sue. (Internal Revenue Code |
| How Long does a Levy Last? | | | | 6343B). The IRS would have to return your property |
| It depends. Wage levies are continuous. As long as | | | | or it's value together with interest, and they would also |
| you work for the same employer, the IRS can | | | | have to pay all Attorney and legal fees. But I'll be frank |
| continue to withhold a portion of each paycheck. But | | | | with you. I've never seen anyone levied against unless |
| Bank Levies are usually one-shot deals. The IRS would | | | | they owed the Taxes. Don't try to sue the IRS if you |
| have to send another warning notice before they | | | | know you owe. You will not win. |
| seize the money in your bank account again. But | | | | Can the IRS levy my business assets? |
| beware, the IRS does have the right to seize your | | | | |