02 Jul 19 Audra Walter
When it comes to taking care of tax debt, few things are as important as having a tax professional you can trust and open up to. Some things in life are just plain not easy to talk about. IRS tax debt is definitely one of those things. In fact, tax debt just might be one of the hardest things to talk about. Admitting the problem to a stranger is almost always the biggest hurdle to taking care of it. Once you’ve made the initial call, the hard part is mostly over.
The IRS has multiple options to choose from when it comes to resolving your debt. But resolving your debt can only happen if you’re willing to confront it directly. This means finding a professional you can talk to. When it comes to IRS tax debt, almost everyone gets racked with feelings of anxiety, shame and embarrassment. But the truth is that this type of debt can affect anyone, including those who are otherwise very financially savvy. There’s no reason to put things off. Take the first step toward rebuilding your financial future – make a phone call and talk to a licensed professional.
Finding a tax professional you can trust is not an easy task. There are plenty of tax specialists out there who will view you as just another number in their huge base of clients. This is where Boxelder Consulting stands out. At Boxelder Consulting, our tax professionals approach every case in a personalized manner. We understand the human aspect of this situation. We are ready and prepared to guide you through every stage of the process of resolving your debt and moving forward. If you have a case, please get in touch with us by calling 303-317-6111 today. We believe in second chances. Start your comeback story today.
In this post, we will tackle the topic of whether the IRS has to notify you before they seize your property. In other words, is notice required before the IRS can act on a levy? Let’s explore this question in detail.
The Answer is Yes: The IRS Needs to Give Notice Before Seizing Your Property
Whenever you neglect or fail to pay your IRS tax liability, you automatically create a lien against your property. In other words, the IRS automatically takes a claim against your property, which it can decide to act upon in order to collect your debt from you. The IRS doesn’t always choose to use this lien, but it has the option to do so. If the IRS does wish to take property from you, the IRS issues something called a “levy.” A levy refers to the forcible taking, or “seizing,” of property from you to satisfy tax debt. The IRS cannot simply take your property without providing you with notice. This makes intuitive sense, because the IRS wants to give you the opportunity to take care of the debt with cash before it invests time and energy into taking and selling off your property.
In nearly all cases, the IRS has to do 3 things before it can seize your property:
- The IRS has to provide written notice of the intent to levy (called a Letter 1058 or LT-11) and an explanation of the levy appeal process
- The IRS has to give you a complete explanation of the reason for the levy, the seizure process, and the various options you have to take care of the levy
- Deliver both the notice and the supplemental information to you either in person or via mail
This is good news for you. If you happen to slip into back tax trouble, the IRS cannot just decide to take your property right away without giving you any chance to resolve the issue. The IRS will even spell out the options you have to take care of the matter. However, this doesn’t necessarily mean that you will have a clear understanding of these options. This is why you’ll need a competent tax professional to help you navigate the process. The IRS tax debt resolution process has a bunch of obscure terminology which most people aren’t familiar with. Hiring a qualified tax professional for assistance is the best thing to do.
We’re Here to Help You Resolve Your IRS Tax Debt
Again, hearing that the IRS has to give you notice of a levy should come as good news. You don’t want to just come home one day and find your property missing. But the burden is still on you to take the initiative and see that your IRS tax debt gets resolved. If you continue to ignore or avoid the situation, this will only make things worse in the long run. As in so many other areas of life, taking the first step is the most challenging thing to do. Also, as we already know, what we don’t know can hurt us. If you haven’t filed in a number of years and have moved, it’s not the IRS’s job to track you down. Not getting the mail anymore may give you a temporary, false sense of security, but it only delays and makes the pain that much worse later on.
Everything can change with a simple phone call. At Boxelder Consulting, we have a whole team of tax professionals who are well-versed in the technical aspects of IRS levy removal and IRS tax debt resolution options. We also have full service accounting, bookkeeping and payroll support. Not only that, our tax professionals have a deep understanding of the personal and emotional sides of this sensitive topic. As we mentioned, you need a tax professional you can trust. At Boxelder Consulting, we simply see tax debt as a stepping stone toward creating a brighter future, not something which should be a source of judgment. Our professionals are standing by to hear your case. Give us a call at 303-317-6111 for more information. We believe in second chances. Start your comeback story today.