For many, receiving a notice from the IRS or a California tax agency regarding unpaid taxes can mean anxiety and sleepless nights. If your taxes have already been assessed by the IRS and you have received a collection notice, then time is of the essence. While taxpayers can take steps to stop or mitigate a lien, levy, or tax garnishment, those who act early often have more options when approaching the issue.
The tax attorneys at NewPoint Law Group can help hardworking Californians who face tax hardships brought on by large tax bills. We can work to avoid the worst-case scenario and protect your property, assets, and wages from the IRS, California Franchise Tax Board, and other tax agencies. To schedule a confidential tax consultation with our tax team, call 1-800-358-0305 today.
Can the IRS Take My Home Because of Unpaid Taxes?
Yes, it is an unfortunate fact that the IRS will sometimes seek to satisfy tax debts through a home foreclosure. However, in California and in most states, the IRS must provide numerous notices and opportunities for taxpayer appeal. In many situations, taxpayers can delay or stop a “levy” on their property from occurring.
If you have received IRS Notice CP90 – Final Notice of Intent to Levy and Notice of Your Right to A Hearing, Letter 3172 – Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320, or IRS Notice CP504 – Notice of intent to seize (“levy”) your state tax refund or other property, it is important to contact a tax lawyer immediately. If you fail to take timely action, it is very likely that the IRS will seize your home to satisfy unpaid tax debts. If you have received a similar notice from a California tax agency, a NewPoint lawyer can assess the situation and offer actionable legal solutions to your concerns.
The IRS Can Also Garnish Your Bank Account or Place a Lien on Your Property
The IRS has other tools at its disposal when collecting on tax debts. For instance, the IRS can also file a motion to establish a wage garnishment. A wage garnishment is the process by which the IRS sets up a certain amount that will be deducted from your paycheck. The deductions are involuntary and will be applied towards your tax debt. Garnishments typically apply to each and every pay period. However, there are limits on how much the IRS can garnish and on the situations where a garnishment is appropriate. Working with a tax lawyer can help you avoid having your wages garnished.
The IRS can also record a lien against your property. To be clear, a lien is not a levy. Whereas a levy is the legal process by which the IRS can take your home, a lien is the legal process that involves securing claims to unpaid tax debts. Thus, by securing a lien against your property, the IRS improves its potential for collection–and may be taking the first steps towards a levy.
How Can I Stop a Tax Lien, Levy, or Garnishment with a Folsom, California IRS Tax Levy Defense Lawyer?
Taxpayers who are facing a collection action by the IRS or other tax agency are often looking for a means to stop the lien, levy, or garnishment. There are a number of appeal options that the taxpayer can explore, including Collections Due Process. The taxpayer may also engage in other tax relief options like an offer in compromise, innocent spouse relief, or an installment plan. Working with a tax attorney can increase the likelihood that the IRS will accept your plan to achieve tax relief.
To schedule a confidential consultation with Folsom, California tax lawyers, call our law office at 1-800-358-0305 today. We also have a location in Roseville, just minutes outside of Sacramento.