IRS Garnishment & Levies Lawyers
Collin, Dallas, Denton, Grayson, Tarrant and all Surrounding Texas Counties
Garnishment & Levies Lawyers Carrollton Texas
Comprehensive Support for IRS Garnishments and Levies
If you’re facing an IRS garnishment or levy, you understand the immediate and severe impact it can have on your financial stability. The IRS has the power to freeze your bank accounts, garnish your wages, and seize your property, leaving you scrambling to cover everyday expenses. These aggressive collection actions can turn your life upside down, and they often strike without warning. But you don’t have to face this daunting challenge alone.
At Davis Law Firm, our experienced IRS Garnishment and Levies Lawyers are here to provide the expert support and representation you need. We specialize in helping clients in Carrollton, Dallas, Denton, Grayson, Ellis, Tarrant, and surrounding Texas counties navigate the complexities of IRS levies and garnishments. Our dedicated team understands the urgency of these situations and works swiftly to protect your assets and financial well-being.
When the IRS issues a levy, they are taking direct action to collect what you owe, which can lead to frozen bank accounts, reduced paychecks, and even the loss of personal property. This financial pressure can quickly escalate, making it essential to seek professional help immediately. The sooner you act, the better your chances of mitigating the damage and finding a resolution.
Our IRS Garnishment and Levies Lawyers at Davis Law Firm are committed to reducing your debt, lifting levies, and protecting your assets. We offer personalized strategies tailored to your unique situation, ensuring that you receive the best possible outcome. Whether you’re dealing with a wage garnishment, a bank levy, or a property seizure, we have the expertise to help you regain control of your finances.
Don’t wait until the situation worsens. Contact Davis Law Firm today to schedule your free case evaluation. Our team is ready to assist you with all aspects of IRS garnishments and levies, providing the support you need to navigate this difficult time. Call us at (469) 436-8010 to speak with our experienced tax attorneys and start protecting your financial future now.
Understanding Garnishments and Levies
When dealing with tax issues, it’s crucial to understand the terms “garnishments” and “levies.” While often used interchangeably, they represent different actions taken by the IRS. An IRS levy involves the legal seizure of your property to satisfy a tax debt, while a garnishment is a specific type of levy that involves taking money directly from your wages or bank accounts.
Our IRS Garnishment and Levies Lawyers at Davis Law Firm can help you understand the distinctions and implications of these actions. A lien, on the other hand, is a claim against your property that secures the IRS’s interest in your assets until your tax debt is paid. When a lien becomes a levy, the IRS moves from having a claim to actively collecting the debt.
Common Triggers
Several scenarios can trigger an IRS garnishment or levy. Common triggers include:
- Unpaid Taxes: Failure to pay your taxes on time.
- Unresolved Tax Disputes: Ignoring IRS notices and failing to respond to tax issues.
- Filing Errors: Significant errors or discrepancies in your tax returns.
Ignoring IRS notices or delaying action can escalate these issues quickly. Our IRS Garnishment and Levies Lawyers are ready to help you address these problems promptly to avoid severe financial consequences.
Types of Levies
Understanding the various types of levies the IRS can impose is essential for managing and protecting your assets. The IRS Garnishment and Levies Lawyers at Davis Law Firm are here to help you navigate these challenging situations and develop effective strategies to safeguard your financial well-being.
- Bank Levies – A bank levy is one of the most immediate and disruptive actions the IRS can take. When the IRS issues a bank levy, it freezes the funds in your bank account, leaving you without access to your money. This can result in unpaid checks, additional bank fees, and severe financial strain.
- Wage Levies (Garnishments) – A wage levy, commonly known as a garnishment, involves the IRS directing your employer to withhold a portion of your paycheck. This money is then sent directly to the IRS to satisfy your tax debt.
- Payor Levies for Self-Employed – If you’re self-employed, the IRS can issue a levy known as a “payor” levy. This involves sending a notice to your clients or customers, instructing them to send payments owed to you directly to the IRS instead. This can disrupt your cash flow and damage your business relationships.
- Real Estate and Property Levies – The IRS can also levy real estate and personal property to satisfy your tax debt. This means they can seize your home, commercial buildings, vehicles, boats, and other valuable assets. Property levies can lead to foreclosure and the forced sale of your assets, which can have devastating consequences on your personal and business life.
Immediate Steps to Take If You Receive a Levy Notice
Read the Notice Carefully
The first step is to thoroughly read the levy notice. Understanding the specifics of the notice, including the type of levy, the amount owed, and the deadline for response, is essential. The notice will outline what assets or income the IRS intends to seize. It’s important to pay close attention to these details to ensure you take the appropriate actions.
Gather Documentation
Collect all relevant documentation related to your tax returns, financial statements, and any correspondence with the IRS. These documents will be crucial for our IRS Garnishment and Levies Lawyers to build a strong case on your behalf. Accurate and complete records will help us identify any errors or discrepancies and provide a solid foundation for negotiating with the IRS.
Explore Resolution Options
With the assistance of our IRS Garnishment and Levies Lawyers, you can explore various resolution options to lift the levy and address your tax debt. These options may include:
- Negotiating an Offer in Compromise: Settling your tax debt for less than the full amount owed.
- Requesting Currently Not Collectible Status: Temporarily halting IRS collection actions if you are unable to pay.
- Setting Up an Installment Agreement: Arranging a payment plan to pay off your tax debt over time.
- Applying for Penalty Abatement: Reducing the penalties associated with your tax debt.
Contact Davis Law Firm Immediately
Upon receiving a levy notice, contact our IRS Garnishment and Levies Lawyers at Davis Law Firm as soon as possible. Time is of the essence, and swift legal action can make a significant difference in the outcome. Our experienced tax attorneys will assess your situation, explain your options, and begin working on a strategy to protect your assets.
Avoid Further Financial Damage
To prevent additional financial damage, it’s important to manage your accounts and income carefully. If your bank account has been levied, consider opening a new account to protect future deposits. For wage levies, discuss with your employer the steps being taken to resolve the issue. Our IRS Garnishment and Levies Lawyers will provide guidance on how to manage your finances during this challenging time to minimize further disruption.
Immediate Action is Crucial
Delaying action can lead to more severe consequences, including additional penalties, interest, and the loss of more assets. By contacting our IRS Garnishment and Levies Lawyers at Davis Law Firm immediately, you increase your chances of resolving the levy quickly and favorably. We are dedicated to protecting your rights and helping you regain financial stability.
Why Davis Tax Lawyers
- Experienced Tax Attorneys: Our experienced IRS Garnishment and Levies Lawyers specialize in dealing with the IRS and state tax authorities. We understand the complexities of tax laws and the aggressive tactics used by the IRS to collect debts.
- Personalized Service: Every tax situation is unique, and our IRS Garnishment and Levies Lawyers will develop a personalized strategy tailored to your specific circumstances. We begin by thoroughly reviewing your financial situation and the details of the levy or garnishment. From there, we create a plan that addresses your immediate needs and long-term financial health.
- Payment Plans: Our Tax Lawyers offer flexible payment solutions to help with obtaining experienced tax audit representation.
- Convenient Appointments: Our Tax Lawyers offer free case evaluations that can work around your schedule including afterhour and weekends. Most initial consults are conducted by phone and zoom to further convenience.
Debt Negotiation & Reduction
One of our primary goals is to reduce your tax debt and negotiate favorable terms with the IRS. We pursue options such as Offers in Compromise (OIC), where the IRS agrees to settle your tax debt for less than the full amount owed. Our IRS Garnishment and Levies Lawyers are skilled negotiators who will work tirelessly to achieve the best possible outcome for you.
Levy and Lien Relief
If the IRS has levied your wages, bank accounts, or property, our IRS Garnishment and Levies Lawyers can help lift these levies. We work to demonstrate to the IRS that the levy is causing undue hardship or that you are actively working on a resolution. By lifting the levy, you gain the breathing room needed to address your tax debt without the immediate pressure of frozen assets or garnished wages.
Currently Not Collectible (CNC) Status
In some cases, we can help you obtain Currently Not Collectible (CNC) status, where the IRS temporarily suspends collection actions against you. This status is granted when you can prove that paying the tax debt would create significant financial hardship. Our IRS Garnishment and Levies Lawyers will gather the necessary documentation and present a compelling case to the IRS on your behalf.
Installment Agreements
If you are unable to pay your tax debt in full, we can help you set up an installment agreement with the IRS. This allows you to pay off your debt over time in manageable monthly payments. Our IRS Garnishment and Levies Lawyers will negotiate terms that work for your financial situation, making it easier for you to stay on top of your payments and avoid further collection actions.
Schedule a Free Case Evaluation
The experienced IRS Garnishment & Levies Lawyers at Davis Law Firm are here to guide you through every step of the process. Schedule a Free Case Evaluation or call us at (469) 436-8010 to speak with our knowledgeable tax lawyers. Let Davis Law Firm assist you in navigating the Garnishment & Levies process with confidence and expertise, protecting your rights, and securing your financial future.
Frequently Asked Questions
Navigating the complexities of IRS garnishments and levies can be daunting. At Davis Law Firm, our experienced IRS Garnishment and Levies Lawyers are here to provide clarity and support. To help you better understand your situation and the options available to you, we’ve compiled a list of frequently asked questions. These FAQs aim to address your concerns and guide you toward taking the right steps to protect your assets and resolve your tax issues. If you need personalized assistance, don’t hesitate to contact us for a free case evaluation.
What is the difference between an IRS garnishment and a levy?
An IRS garnishment specifically refers to the IRS taking money directly from your wages, while a levy is a broader term that includes the seizure of various assets such as bank accounts, real estate, and other personal property. Both actions are methods the IRS uses to collect unpaid taxes. Our IRS Garnishment and Levies Lawyers at Davis Law Firm can help you understand these actions and work to protect your assets.
How does an IRS levy affect my bank account?
When the IRS issues a bank levy, it freezes the funds in your account, making them inaccessible to you. These funds are then used to pay your outstanding tax debt. This can lead to unpaid checks and additional bank fees. If your account has been levied, contact our IRS Garnishment and Levies Lawyers immediately to help lift the levy and protect your finances.
Can the IRS garnish my wages without warning?
Before garnishing your wages, the IRS must send you a notice and demand for payment. If you ignore this notice, they will send a final notice of intent to levy and your right to a hearing at least 30 days before the garnishment begins. Our IRS Garnishment and Levies Lawyers can assist you in responding promptly to these notices to prevent wage garnishment.
What should I do if I receive a levy notice from the IRS?
If you receive a levy notice, it’s crucial to act quickly. First, read the notice carefully to understand what is being levied and why. Then, contact our IRS Garnishment and Levies Lawyers at Davis Law Firm immediately. We will review your situation, help you gather necessary documentation, and work to resolve the levy.
How can Davis Law Firm help lift an IRS levy?
Our IRS Garnishment and Levies Lawyers can help lift an IRS levy by negotiating with the IRS, proving that the levy is causing undue hardship, or by setting up a payment plan. We explore all available options to provide relief and protect your assets. Contact us for a personalized strategy to resolve your levy issues.
Can self-employed individuals be subject to IRS levies?
Yes, self-employed individuals can be subject to IRS levies. The IRS can issue a “payor” levy to your clients or customers, instructing them to send payments owed to you directly to the IRS. Our IRS Garnishment and Levies Lawyers understand the unique challenges faced by self-employed individuals and can help mitigate the impact of such levies.
What assets can the IRS seize with a levy?
The IRS can levy various assets including bank accounts, wages, real estate, vehicles, boats, and other valuable property. They can even levy retirement accounts under certain conditions. Our IRS Garnishment and Levies Lawyers can help you understand what assets are at risk and work to protect them.
How long does an IRS wage garnishment last?
An IRS wage garnishment continues until your tax debt is paid in full, a levy release is negotiated, or other arrangements are made. Our IRS Garnishment and Levies Lawyers will work diligently to negotiate a resolution and help lift the garnishment as quickly as possible.
What options do I have if I can’t pay my tax debt in full?
If you can’t pay your tax debt in full, you have several options, including setting up an installment agreement, submitting an offer in compromise, or requesting currently not collectible (CNC) status. Our IRS Garnishment and Levies Lawyers will evaluate your financial situation and help you choose the best option for resolving your tax debt.
How can I prevent future IRS levies and garnishments?
To prevent future IRS levies and garnishments, it’s important to stay compliant with tax laws, file accurate tax returns on time, and promptly address any tax issues that arise. Our IRS Garnishment and Levies Lawyers can provide ongoing support and guidance to help you maintain compliance and avoid future tax problems.
Location
2340 E Trinity Mills Rd
Ste 300,
Carrollton, TX 75006
Appointments Only
(469) 436-8010