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Bank Levies and Wage Garnishments

The Internal Revenue Service (IRS) (and some state agencies) has been facing significant budget cuts since 2010. Increasing revenue is always a priority for the government. So, when taxes are owed, the IRS and the state agencies (if in California, the Franchise Tax Board, the Employment Development Department and the State Board of Equalization) will use all of their resources to try to collect from taxpayers that owe them money.

The IRS (and the state agencies) has a very powerful tool for collecting back taxes. It has the authority to levy all property that a taxpayer owns, with a few exceptions.

The most common levies done by the IRS (and state agencies) are the bank levies and wage garnishments. A bank levy is when the IRS (or a state agency) literally takes money from someone’s bank account to satisfy your tax liability. A wage garnishment happens when the IRS (or a state agency) takes money from someone’s paycheck to pay off their tax debt.

Bank levies and wage garnishments happen more often than one can think. Because the IRS gets information regarding taxpayers’ bank accounts and employers from their tax returns, it can easily secure funds when payments are not voluntarily made. However, that one action can bring harmful consequences to taxpayers, especially those struggling to make a living.

Brunoro Law has experience negotiating release of levies and reduction of wage garnishments with the IRS and the state authorities. If you have unpaid taxes and received a Levy Notice from the IRS or a state agency, contact us immediately to learn how Brunoro Law can help you protect your property from these aggressive levy actions.