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  • Brian Barto, EA

IRS About to Levy Your Assets? How to Stop a Levy and Your Rights to an Appeal

If you owe back taxes, you will be receiving letters from the IRS Collection Division.  The IRS Collection Division has two missions:  collecting past due taxes and “collecting” un-filed tax returns. 

If you owe back taxes and have been notified by the IRS of the tax owed and have failed to respond, you may eventually receive a Notice of Intent to Levy. You will have received several letters prior to this “final” notice and have likely had several opportunities to deal with the issue. But, if you do what many people tend to do and ignore mail from the IRS, you will likely see this letter. A levy means that the IRS can now start seizing your assets. With the levy, the IRS can take money from you bank account, garnish your wages, or go after other financial accounts or assets you own such as your car or your house.

With this “final” notice you will also receive a Form 12153 “Request for a Collection Due Process or Equivalent Hearing,” also referred to as a “CDP.” This final notice is a critical notice because 30 days following the date of this notice, levy action may commence. The way you stop the levy action is by requesting the hearing with the Form 12153.

By filing the Collection Due Process (CDP) request a number of things will happen in the case…[continue reading]

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