Expert Assistance with Tax Liens & Levies
When you're been hit with a tax lien or levy, the road ahead might seem daunting, but with Hudson Valley Tax Experts by your side, it becomes a journey you won't have to navigate alone. Our experienced team offers dedicated assistance to help you resolve these challenging issues, working tirelessly to find the most favorable outcomes. We understand the intricacies of tax liens and levies and are committed to guiding you through each step, transforming a stressful situation into a resolved and manageable one.
A tax lien is the government's legal claim against your property when you neglect or fail to pay a tax debt, serving as a public record that alerts creditors to the government's right to your assets.
Conversely, a tax levy is a more severe action, where the IRS actually seizes your property to satisfy the tax debt. This can include garnishing wages, taking money from your bank accounts, seizing and selling your vehicle, real estate, and other personal property.
While a lien secures the government's interest, a levy takes immediate action to satisfy that debt. Our expertise lies in navigating these complex situations, providing strategic advice and action to protect your assets and bring you back into good standing.
Liens: If you owe the government, a tax lien automatically arises. However, if you owe a significant amount, or it’s been outstanding for some time, the government may file a notice of lien, which is a public document. Once filed, you’re likely to receive a steady stream of marketing mail and phone calls from tax resolution companies that monitor lien lists.
There’s no magic way to remove a lien once it has been filed, aside from (far from magical) paying it off. But there may be options to reduce what you owe, which can reduce the time needed to pay the balance. Our tax experts can review your situation for possible options.
Levies: A levy is the actual seizure of your property to pay a tax debt. Most often, the levy will target your bank account or paycheck.
A regular levy is a one-time event, usually seizing a bank account. However, if you work as a contractor, a pending payment that is due to you may be sent to the government instead. A continuous levy stays in place until the debt is paid off, and can be attached to your wages or routinely paid commissions.
A levy is, by intention, a heavy economic burden. The key to relief is getting compliant with return filing and making payment arrangements. Our tax experts can help you navigate the options. for the best possible outcome.
How We Can Help: Expert Guidance at Every Step
We’re here to review your situation and design an action plan for you:
Professional Review: Our tax experts will review your IRS or state account to determine your options and and advise on the next steps.
Response Preparation: We'll assist in gathering any necessary information and prepare your response to the government.
Direct Representation: We deal with the government agent on your behalf.
Follow-Up: We monitor the situation until it's fully resolved, ensuring your peace of mind.
If you’ve been targeted by a lien or levy, we can provide an action plan.
Send us your details, and we’ll take care of the rest.
Remember, timely and accurate responses can make all the difference.