There are several reasons why the IRS might send you a letter or notice. Some are simple, such as verifying your identity. Other IRS letters might be sent to inform you that you are due a bigger or smaller refund or to let you know that you have an unpaid balance on your federal taxes. Still, other IRS notices and letters might be a much bigger cause for concern. Here are some examples of actions the IRS can take against a taxpayer: Wage/income levy: A wage/income levy is when the IRS legally seizes your wages or income to pay for your tax debt. It can garnish or take your wages, requiring your employer to remit a certain portion of your bi-weekly pay directly to the IRS. While the law prohibits employers from terminating employees due to the cumbersome process, it can certainly hurt your reputation at work. A wage garnishment will remain in place until the tax debt is paid, or the IRS agrees on certain collection alternatives you proposed. Attorney Sammy Kim has successfully lifted the wage levy for many taxpayers based on economic hardship arguments. Bank levy of your business bank account: The IRS can also issue a bank levy of your business bank account. That typically happens after they have sent you a series of letters and you haven’t responded or resolved the issue. This is a Revenue Officer’s powerful tool to get your attention on the tax issues. A bank levy on your business bank account is especially painful because your bank, upon receiving a notice of the levy, may freeze your business account(s), withdraw up to the amount that has been levied by the IRS, and plan to send it to the IRS to satisfy your tax debt. The bank is required to hold the funds for 21 days before sending the money to the IRS, to give you time to resolve the issue first. A business bank account levy may only be done if you haven’t paid your business taxes. The IRS is not legally allowed to levy your business account to pay for your personal taxes. Unlike a wage garnishment, a bank levy is not a continuous one. But the IRS may search for other bank accounts for levy purposes. Seizing your assets: The IRS might send you a Notice of Federal Tax Lien placed on your assets, such as your house or car. A lien means the federal government has made a legal claim against your property to ensure that you pay your tax debt. A Notice of Federal Tax Lien is a public document that lets other creditors know that the IRS has issued a secured claim against your assets. You may start to receive advertisement materials from various tax resolution firms. Attorney Sammy Kim can advise you whether filing an appeal on each levy or lien action is critical or a waste of time. The bottom line is if you have received a notice or letter from the IRS, it is important that you find out what your rights are and the best options in your specific situation. Contact The Law Offices of Sammy Kim now to get help with your IRS tax problem — before you miss any important deadlines. Solve Your IRS Tax Problem Now