IRS ENFORCED COLLECTON ACTIONS ON THERISE

IRSIn 2009, the number of IRS levy notices served on employers and banks rose over 25% to almost 3.5 million, as compares to 2.6 million in 2008.  In other words, the IRS issued a levy or garnishment for 1 out of every 42 people in the U.S. that filed a tax return.  The trend for enforced collection actions on IRS levy or IRS garnishment continues to escalate.

If you receive a Notice of Levy you must act fairly quickly to stop an IRS levy. You can stop an IRS levy by paying back taxes you owe, getting a short-term extension of time to pay, entering into an installment agreement or a variety of other actions you can take to stop the IRS levy.

The IRS takes collection activities very seriously.  And so should you! Be proactive. Seek immediate professional help right away. The longer you delay, the more difficult it is to release or stop the IRS levy.

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