Ratcliff Tax Levy Attorney
Receiving an IRS Final Notice of Intent to Levy can be worrisome and may even cause you to panic. It’s understandable if you feel helpless and that nothing can stop the IRS once they issued that frightening notice. However, you can still put a stop to it and prevent more actions from the IRS. The best thing to do is to get help from a legal expert as soon as you can.
With Defense Tax Partners, you can guarantee that we’ll do our best to help you with your tax levy concerns. We have excellent attorneys who have over 40 years of experience in the field. Our legal experts will use the knowledge and techniques that they’ve acquired through the years. You can trust that our Ratcliff tax levy attorneys will exhaust all options and come up with several solutions to prevent or stop a tax levy from happening to you.
Call Defense Tax Partners at (281) 937-3813 for a Free Consultation!
What Is A Tax Levy?
A tax levy is an administrative process used by the IRS to collect your tax debts by seizing your property without the need to go to court. This is a serious situation that can have devastating results. Working with a Ratcliff tax levy attorney as early in the process as possible can help you to prevent, avoid, or reduce the impact of IRS liens and levies.
There are many ways for the IRS to satisfy a tax liability, and these are some of them:
Through this process, the IRS can order your bank to freeze your account for 21 days, which means that you won’t be able to withdraw money from your account. After 21 days, the bank will withdraw the money that you owe from your account and hand the funds over to the IRS.
The IRS can seize your property (a house, automobile, or land property). Once they’re in possession of your property, the IRS will sell it and collect the money as part of your tax debt payment.
Reduced Tax Refunds
If you’re eligible to get tax refunds from the IRS, your state, or even municipality, the IRS will hold or collect them as partial payment to your tax debts.
Through this process, the IRS will require your employer to deduct a specific amount from your salary and send them regularly to the IRS until your tax debt is fully paid.
Business owners, independent contractors, and those who otherwise do not receive a regular paycheck from an outside employer can experience even more devastating blows in the way of non-earnings garnishments. These garnishments, instead of being spread out across multiple pay periods, can instead be one-time garnishments of 100% of the expected compensation and can come directly from your bank account or other sources.
Whatever type of tax levy, lien, or garnishment you may be facing from the IRS, we can help. Our dedicated and experienced Ratcliff tax levy attorneys are motivated to find the best possible resolution for your tax problems.
Preventing a Tax Levy
The IRS will only issue a Notice of Tax Levy as a last resort. You’ll be given enough chances to settle your tax debts before seizing your assets. In fact, there are several ways to prevent getting a tax levy.
First, you have to pay your taxes in full and on time. It’s the best way to avoid getting in trouble with the IRS. Once you are already behind, it can be a challenge to keep up and can result in an even bigger debt obligation. Timely filing of your annual taxes and paying them in a expedient fashion is your best defense against tax liens. Unfortunately, this is not always possible.
Next, you can set up a payment plan so you can still be able to pay all your tax debts at a pace and with an amount that you’re comfortable with. We can help to negotiate a tax repayment plan that works for you, your income and expenses, and your future expected tax debts so that you are able to afford to pay your back taxes and avoid getting further behind.
The final way is to make an offer and settle your tax debts by paying what you can only afford and less than what you originally owe. We are often able to effectively work with the IRS to obtain a reduced payment settlement that results in fee forgiveness, and can often include a payment plan to help further reduce your total out of pocket tax responsibility.
Professional Legal Representation
Defense Tax Partners is A-plus rated by the BBB (Better Business Bureau) with years of dedicated tax law experience. We’ve helped over 10 thousand clients gain control over their tax issues. Our expert legal services have helped save up over $900 million in interest, penalties, and back taxes.
These are some of the legal services that we provide:
- Tax Resolution
- Offer in Compromise
- Wage Garnishment Removal
- Penalty Abatement
- Bank Levy Removal
- Innocent Spouse
- Audit Representation
- Passport Reinstatement
- Tax Preparation
- Tax Lien Removal
We are ready to help eliminate your tax concerns with the same zeal we approach all of our cases, and will diligently work to get you the best possible results for your Ratcliff, TX tax levy case.
Let’s Talk Now- Free Consultation
We know that you want to work with a tax attorney who is not only compassionate but also results-focused. We want you to feel comfortable working with us and confident that we are the right partner for your unique tax situation. We offer free attorney consultations to all new potential clients seeking the assistance of a Ratcliff tax levy attorney. This lets you to get to know us better before making the decision if we are the right attorneys to assist with your tax issues.
We look forward to the opportunity to win you as a client with our dedication, determination, skill, and experience in the field of tax law.
Call Defense Tax Partners today at (281) 937-3813 for your Free Consultation!