Contacting the IRS to Discuss Your Bank Levy
If you are contacting the IRS to discuss your bank levy, or to prepare for an audit, then you might want to take a few minutes to read through some information first. This will help you understand why it was posted in the first place, what actions were taken before it was put in place, and what you can do to have the case reviewed. As long as you have this data, then you will have more productive questions and topics to bring up, other than the typical requests to simply remove it. You need to be able to negotiate with them in the areas that make a difference if you are going to have any successful results.
Reasons a Levy is Posted
First of all, they usually put a levy in place if they are trying to seize property where the taxes have not been paid. While this can be stressful, there should be plenty of notice beforehand. If you have gotten behind on your taxes, then it will be very important to contact them and set up a payment plan right way. Of course, following through with this plan will be the key to success as far as maintaining ownership of your property. If not, they can seize it and sell it at auction. Those items that don't get purchased for the right amount will need to be back charged to you for the remaining balance on your tax account.
When you talk to them about ways to review your case, then you should have reasons why they would want to. Have you paid all the back taxes recently? If there has been a mistake in the paperwork from their end, then have copies of all payment confirmation to give to them. For those situations when too much time has passed and you don't feel like you should be responsible for the lacking taxes after that much time has passed, then bring this topic up with them. They may have some resolutions you can follow up with that you were previously unaware of and that the website did not talk about. This is probably information that is privileged for representatives only in certain cases.
Inherited Property and Back Taxes
It might have to do with property that belonged to your parents, but was passed down to you without those taxes being taken care of. Then again, you can also talk to them about the options for actually collecting the property. If you pay a portion of the taxes, would you still be able to keep a portion of the property? These decisions are made on a case-by-case basis with the main procedures as a background. As long as you have the right data backing you up, you may be able to make a successful plea for a review of your bank levy case.
Also, don't feel like you're stuck if you're in the middle of a divorce or separation and the property is in your ex's name. This might be a mistake of shared property that does not apply and you can avoid getting charged this amount by talking to them directly. Be clear in what the situation is, how you are filing your taxes, and what you are willing to do in terms of clearing up any confusion. If you're trying to get out of debt or work through other difficult situations, then this can really help to make things easier. Otherwise, you're going to be stuck with whatever payment amounts they set and try to make that fit into your budget, however it stands.
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State Guides to Credit Card Laws
- North Carolina
- West Virginia