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| *Loan,banking and credit>>>income tax |
The irs has placed a levy on main source of income. is there a way to avoid this if i cant pay back taxes? |
if i own a business can they go after it while i am selling it to help with the payments? The Levy can not be removed. Now, you can contact the IRS directly and request to file an "Offer In Compromise". This form is to help resolve your back taxes and might help save your business, by offering to pay a portion of what is due and if accepted by the IRS, they will write off the remaining balance. You must keep your agreement with them; do not set amount higher than what you can pay them. When accepted, you must pay any current years taxes when due. Should you default, they will start the levy process over and you stand to lose more. Bear in mind, that you will have to report any and all money obtained in your hands. They will verify everything. You are asking for them to relieve your debt thus, they will examine your entire financial. OFFER IN COMPROMISE is the solution. If you need further info, contact me at my email address. Good Luck - THIS IS THE ROUTE TO TAKE!! Source(s): Personal experience. IRS levied my checking account, payroll checks, etc., I submitted an Offer In Compromise and they approved it. I can start over again... what a relief. sure....it's called by your fair share when it was do the first time so the rest of us don't have to make up for your slackness from our paycheks. Deal with it. I just wanted to let you know it is Illegal to evade taxes in the United States of America and you will be arrested and you will be convicted in prison for several years. I strongly suggest you to sell everything you have (Including your bed) and pay the IRS as soon as possible before they arrest you. This is not a joke. Top 3 Answerer in Business & Finance. (Vote for me) |
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