Posted in Tax Law & IRS Defense
Taxpayers should know that the IRS cannot typically levy your assets without first giving you notice. There are a few exceptions to this general rule, however. For instance, the IRS may levy without prior notice if it feels collection of the tax is in jeopardy or when the IRS levies a state tax refund. Absent an exception, the IRS will typically provide a formal Notice of Intent to Levy prior to levying any of a taxpayer’s assets.
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