What Is a Federal Tax Levy?
A federal tax levy is a legal seizure of property by the IRS. This can include taking your wages, bank accounts, or other assets.
Typically, a federal tax levy only comes after back taxes have fallen into arrears and the taxpayer has not entered into an agreement with the IRS to resolve the debt.
Many taxpayers discover that they are facing a federal tax levy when their wages are garnished, or money is taken from their bank account. Prompt action must be taken to resolve this situation, and Omni Tax Solutions can help.