Tag: IRS levy process
-

Can the IRS Take Your House, Car, or Retirement Account?
The IRS collection process can extend beyond wage garnishments and bank levies to include houses, vehicles, and retirement accounts. This article explains how asset exposure develops through unresolved balances, escalating notices, and taxpayer inaction after filing season, along with why early response preserves more options and leverage.
-

From IRS Notice to Levy: How the Collection Process Escalates
IRS levies occur only after a sequence of notices and missed response windows. The process moves from balance due notices to a final notice of intent to levy. Acting early preserves options, while waiting allows the case to progress toward enforcement.
