Tag Archives: Levy

Want to stop an IRS Levy?

If you can’t afford to pay your IRS tax bill, the IRS has a multitude of programs to help you out. One of the most interesting of the IRS programs is something called currently not collectible status.  If the IRS … Continue reading

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Can the IRS take away your Social Security check?

Is social security exempt from an IRS levy or garnishment?  The short answer is no, the IRS is allowed to take away your social security if you fall behind on your payments to the IRS. The rules are laid out … Continue reading

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Taxpayer’s Rights

When it comes to dealing with the IRS, you are in the driver’s seat. Due the to various bouts of Congressional grand standing and political theater, the tax code is riddled with provisions that help out individuals. Hit with an … Continue reading

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Franchise Tax Board Mission Creep

Been hiding out from the Franchise Tax Board or IRS? A few months back I posted about the FTB’s FIRM (Financial Institutions Records Match) program to track where you had your checking account.  Well, the program just expanded. Assembly Bill … Continue reading

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Could you lose your license if you are behind in taxes?

The big news in the tax world is that New York just passed a law saying that if you owe the state more than $10,000, you could lose your drivers license. What a lot of people don’t realize is that … Continue reading

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A 2nd chance with your IRS Audit, aka an audit reconsideration

What would you do if the IRS told you you owed them a few million dollars, and they were wrong?  Wouldn’t you spring a couple thousand dollars for some legal help? It appears the taxpayer, Mr. Seifert, in a recent … Continue reading

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Can the IRS take away your house?

A big fear of people when they receive a notice of intent to levy from the IRS is that they are going to lose their home.  The big question is, “Can the IRS take away our home?” The simple answer … Continue reading

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Levied by the IRS, how does the shutdown affect you?

Have you had your wages or bank account garnished by the IRS?  Is the IRS taking away your social security? That’s exactly what happened to one couple, the IRS started to levy or garnish the couples social security benefits (Yes, … Continue reading

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IRS Levy aka IRS wage garnishments

Has the IRS garnished your wages?  Its normally quite a shock when the IRS garnishes wages as they typically only give you a few hundred dollars a month to survive.  It tends to get someone’s attention really fast.  Can’t tell … Continue reading

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A turbo tax return?

Today the Board of Equalization released a ruling that probably applies to a lot of people. Someone screwed up the balance sheet for their corporation and ended up owing close to $50,000 in additional taxes because they didn’t know what … Continue reading

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