HOW TO RELEASE A TAX LEVY

Paul4657845645426 Jun, 2024Finance

If you have delinquent taxes you can?t afford to pay, the Internal Revenue Service ultimately has a right to place a federal tax lien or a levy on your personal property and even garnish your wages. If you receive a Final Notice of Intent to Levy or CP504 Notice of Intent to Levy, you want to pay attention. These notices warn you that the IRS may garnish your wages or levy your personal property to cover your tax bill. Before you panic or even reach out to the IRS, it?s important to understand what these notices mean.