IRS LEVY:

  • The seizure of a taxpayer’s assets.
  • The levy taxes all but the exempt amount, very little.

TO RELEASE A LEVY:

  • File Bankruptcy (not always the best option)
  • Develop a plan to deal with the IRS.
  • Basic grounds are that continuing the levy will result in an “undue hardship” for the client.
  • Make an effort to get the returns filed;

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