If you owe the IRS back taxes they likely will use just about any means necessary to collect on that debt. This can mean that they will garnish your salary or levy your bank accounts. These two actions are very similar, but do different things and neither of them are good for you.
This is a tool the IRS will use to take money directly from your paycheck. They will contact your employer and force your employer to remove the money from your wages and send it to them. Your paychecks will be significantly smaller so long as the garnishment is active. They will continue to garnish your wages until the tax bill is paid in full. Often times the amount of this garnishment will be more than you can afford so a wage garnishment can put an enormous financial burden on you not to mention the embarrassment of having your employer know that you are having trouble with the IRS.
An IRS Bank Levy is where the IRS seizes control of your bank accounts and takes whatever money may be in them. Essentially the IRS will contact your bank and put a levy on your accounts. The bank then has 21 days to send them the contents of that account unless otherwise notified by the IRS not to do so. Imagine one afternoon your entire checking and savings account balance being reduced to zero? That is what a bank levy can do to you.
The experts at 911TaxRelief.com have many years experience in the tax industry and have helped plenty of clients with their tax problems. By working with the IRS we can help you stop levies and garnishments from taking place. Our experts know exactly how the IRS works and what steps need to be taken in order to fix these problems. We have helped plenty of very satisfied customers and are highly rated with the Better Business Bureau. 911TaxRelief.com has the experience, knowledge and ability to solve your tax problems today. Call toll free 1-866-499-1156 Mon-Fri 6am-6pm to speak to one of our professional tax experts and get a FREE evaluation so we can better serve your tax relief needs.