Individual Taxes: Levy

Have you, your bank or financial institution received an IRS Tax Levy (Form 668-A)? If so, you are probably wondering what this means and what you can do about it. Let's talk about what an IRS Tax Levy is, why it was sent to you and how you can take care of it.

Have you recently received a notice from the state about your tax debt? Maybe you are aware of the threat of a possible state tax levy? Let's examine what a state tax levy is, why you may be issued one and what you can do to take care of it.

If you have received Letter 1058: Final Notice of Intent to Levy from the IRS, you know you are facing a serious predicament. But before you panic, let's exam what it means to receive this notice and what your options are for dealing with this situation.