Tax Levy

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Tax Levy
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When taxes are owed and the IRS has failed to collect the amount owed, their next step is to begin seizing the tax payer’s assets. This could be an IRS bank levy, in which bank accounts are seized or taking personal property. Another way in which the IRS will collect what is owed is through wage garnishment, this occurs when the IRS attaches the wages of the tax payer to satisfy the outstanding tax debt, this causes hardship, stress and can be financially devastating. Families are left with an inability to pay their bills and sometimes are at risk of foreclosure.
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