The Internal Revenue Service has the ability to seize your property to resolve tax debts or other tax-related issues. Fortunately, there are ways to prevent IRS seizures if you act quickly and smartly and enlist help from a legal professional. A tax attorney explains the process and how to retain your belongings.
3 Ways to Stop IRS Seizures
1. Know the Stages
The typical process for an IRS seizure has three steps. The first is the issuance of a Notice of Demand for Payment. If this notice is ignored, the IRS will outline exactly what you need to do to address the tax issue at hand. If this notification also goes unheeded, a Final Notice of Intent to Levy and Notice of Your Right to a Hearing will be dispensed. At any of these stages, you still have time to act, so it’s in your best interest to contact the IRS or a tax attorney promptly.
2. Take Advantage of the 30-Day Review Period
Once your case has reached the third stage and you have received a Notice of Federal Tax Lien or Notice of Intent to Levy, you still can stop a seizure if you act quickly. Contact the IRS and ask for a review of your case. You will have 30 days to submit all the evidence and documentation requested by the government agency, then they will revisit the matter. Ignoring their requests for evidence could lead to a seizure of your property.
3. Call a Tax Attorney
Tax law is complicated and it’s easy to lose track of your obligations. Regardless of your place in the IRS seizure process, hiring a tax attorney can only help your case. A tax lawyer knows the intricacies of the law and how to use them to bolster your case, possibly helping you avoid a property seizure or gain more solid footing with the IRS.
Start exploring your options for stopping an IRS seizure and achieve the peace of mind you deserve. Tax attorney Bill Bronson of The Bronson Law Firm, P.C., has been representing clients throughout the Addison, TX, region since 1978 and will use his experience to your benefit. Call (972) 770-2660 or make a request on the firm’s website to schedule a consultation. Follow them on Twitter for more legal tips and news from the practice.