Massachusetts Levy Garnishment Attorney Helping Massachusetts
There is more than one way for the IRS to collect outstanding debts. If you owe money to the IRS, they have the authority to issue a levy, which means they can seize your property to repay your debts.
Don’t let the IRS levy your property–protect your rights with the help of our experienced levy garnishment attorney. Call Benner Law at 774-404-8321 to schedule your free consultation.
How Does A Levy Differ From A Lien?
The terms “lien” and “levy” may sound similar, but they are different. A lien is simply a legal claim to property to secure a debt, whereas a levy involves actually seizing the property in order to repay a debt. You will not lose the property if it has a lien, but you will lose it if it is levied.
What Property Can Be Seized?
The IRS can seize many different types of property in order to satisfy debts, including:
- Cash in bank accounts
- Homes
- Cars
- Boats
- Rental income
- Retirement accounts
- Accounts receivables
The government will sell the property that is seized and use the proceeds to pay your tax debts.
When Can the IRS Issue A Levy?
The IRS will not issue a levy simply because you have a tax debt. In most cases, the IRS will not issue a levy until the following three requirements are met:
- The IRS has already sent you a notice of your tax debt and demanded payment.
- You refused or failed to pay the tax debt.
- The IRS has already sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing. This notice must be sent at least 30 days before the IRS begins seizing your property.
If these requirements are not met, the IRS will typically not issue a levy. That’s why it’s so important to take action to try to settle your tax debts as quickly as possible. Don’t wait for the IRS to threaten to seize your property. By reaching a settlement or arranging a payment plan with the IRS, you can protect your property. Contact Benner Law as soon as possible to find out how you can resolve your tax debt without losing your personal property.
Book A Free Strategy Session With a Levy Garnishment Lawyer in Massachusetts Today
Are you at risk of losing your property? Has your property already been seized? If so, it’s in your best interest to contact the experienced levy garnishment attorney at Benner Law as soon as possible. For decades, attorney Tom Benner has helped clients in Plymouth, Massachusetts resolve their financial issues and take back control of their finances. Now, let him help you.
Benner Law has the legal resources, experience, and knowledge needed to resolve the most complex financial issues for our clients. Learn more about your legal options by scheduling a free consultation with us today. Call our law firm at 774-404-8321 or submit your information using the form on this site to book your free consultation.