Is the Government Trying to Take What’s Yours?
If the IRS believes you owe a debt to the federal government, it will eventually attempt to collect that liability. Two of the most common ways the IRS collects tax liability is by imposing a tax levy against your financial assets and a tax lien against property like your real estate or vehicles.
If you have been notified of the IRS’s intent to collect allegedly unpaid taxes or fees, you need experienced legal counsel on your side. At Damiens Law Firm, PLLC, our tax levy lawyer in Memphis can provide the representation you require to confront the IRS and any actions it intends to take, or already has taken, against you.
Our Memphis tax lawyers offer potential clients a free initial consultation to become more familiar with our services and how we may be able to respond to their unique needs. To schedule your risk-free meeting with our tax levy lawyer in Memphis, reach out to us today.
Contact us online or call 601-957-9672 to let us know you’re interested in learning about legal solutions Damiens Law Firm, PLLC can provide to people like you.
What are tax levies?
If you have an unpaid tax bill, the IRS may determine that conducting a levy is the best way to collect your tax liability. This is never an ideal situation to be in, and you should immediately contact an attorney if you are notified that the IRS intends to conduct a levy.
If you are facing a levy, this means the IRS wants to claim financial assets, such as the following:
- Bank accounts
- Retirement accounts
- Rental income
- Accounts receivable
- Wages (through garnishment)
The IRS does not need a court order to issue a level, but certain legal requirements must be met. Legal counsel on your side can help you ensure your rights are protected and that you aren’t taken advantage of by the IRS.
What are tax liens?
A tax lien is a claim the federal government, through the IRS, places against a piece of property that you owe. Liens can be placed against:
- Real estate
- Bank accounts
As with a levy or any other collection action, this will occur when the IRS believes an individual owes money to the federal government.
Tax liens are particularly problematic because they cloud titles and can prevent owners from selling or refinancing their property.
How do I stop a tax levy or lien?
If you are facing either or both of these types of collection from the IRS, you need the assistance of a tax levy lawyer in Memphis. There won’t be a way to get around a debt you legitimately owe to the IRS, but there are ways to make paying your tax liability more manageable while avoiding a tax levy and/or lien.
Here are some of the actions you can take to stop a tax levy or lien:
- Pay the debt owed to the IRS
- Demonstrate financial hardship
- Negotiate an installment agreement
- Submit an offer in compromise
- Apply for the Fresh Start Program
- Request partial payment agreement
Contact Damiens Law Firm, PLLC for help today!
If you are facing a collection action from the IRS, you need a tax levy attorney in Memphis who can help. Our lawyer at Damiens Law Firm, PLLC has the skill and experience it takes to help you confront the IRS regarding your levy or lien and increase your chances of reaching a better outcome.
For more information about how we can help, ask to schedule a free initial consultation with us by submitting an online contact form or calling us at 601-957-9672.