Is there anyway to stop an IRS levy?

1 Answer

Answer :

There is no real way to stop an IRS levy aside from clearing your IRS tax debt. Once a levy notice has been sent, your property will be seized within the month. You can try an Offer of Compromise, which is basically an agreed upon settlement amount, but unless you can prove you don't have the funds to pay in full or in installments this won't go through. Also, if the levy notice has already gone out, by the time the Offer of Compromise is processed your property will probably already by seized. Check out How to Stop an IRS Levy at Howtodothings.com

Related questions

Description : Can the IRS levy a bank account that is not yours but you are an authorized signer?

Last Answer : As long as they are not an account owner, the IRS shouldn’t be able to touch that money. However, I would run that by a lawyer first.

Description : If you do have a bank account, can you close it so the IRS can't put a levy on it?

Last Answer : Set up a blind trust controlled by someone you can absolutely trust, and move the funds there. You can also use the courts to protect you from a levy that would leave you unable to pay for the basic requirements, like a roof over your head, food, transportation, employment costs, utilities, etc.

Description : What legal steps can I take if I've been hit with an IRS tax levy?

Last Answer : First, confirm that the levy is actually yours. The IRS makes mistakes, too. If it is true, you can contact the IRS and offer to make payments instead of the levy. You need to be able to show hardship. Despite their rep, they will work with you, if you don't ignore them.

Description : Anyone know who won the Bonaduce/Levy fight?

Last Answer : What a sad end Danny Bonaduce has come to.

Description : Where did Steve Levy go to college?

Last Answer : Steve Levy went to State University of New York at Oswego

Description : How many centimeters have the global sea levy risen in the last century?

Last Answer : How many centimeters have the global sea level risen in the lastcentury

Description : Is Steve Levy Marv Levy and son?

Last Answer : Son

Description : Who were is David levy parents and siblings?

Last Answer : Feel Free to Answer

Description : What website can i access my W-2 for Levy restaurant employees?

Last Answer : Feel Free to Answer

Description : Need-to-Know Information about a Tax Levy?

Last Answer : If you owe the IRS, a tax levy may be used to satisfy your debt.A tax levy involves the seizure of your real or personal property.The value of the property seized is then used to ... , bank accounts, income from rental property, andeven your retirement accounts.Steps in the Tax Levy ProcessThe fir

Description : will I be notified before a levy from a creditor (not tax related)can actually levy my bank account?

Last Answer : a creditor with a judgment found my bank account and took the money out and i got a notice of it the same day in the mail. too late my account was zero. it was my social security payment which is illegal.

Description : what do levy mean on your checking account?

Last Answer : That usually means that an institution, possibly the IRS, has a lien or hold on your account. Go To: http://losthorizons.com for help

Description : When levy went to church with his neighbors, he was surprised to see them kneel during certain parts of the service because people do no kneel at his place of worship. This is an example of cultural?

Last Answer : Perhaps the most controversial change that the Rite II service in the ... use the Rite I service during Lent because not only are the prayers more ... you will notice that the rubric says, ââ ... stand. ... This deeply penitential ethos of worship emerged during the Middle Ages (in part due to the

Description : In 1985, the famous chess player David Levy beat a world champion chess program in four straight games by using orthodox moves that confused the program. What was the name of the chess program? a) Kaissa b) CRAY BLITZ c) Golf d) DIGDUG

Last Answer : b) CRAY BLITZ

Description : A certain Professor at the Stanford University coined the word ‘artificial intelligence’ in 1956 at a conference held at Dartmouth college. Can you name the Professor? a) David Levy b) John McCarthy c) Joseph Weizenbaum d) Hans Berliner

Last Answer : b) John McCarthy

Description : A certain Professor at the Stanford University coined the word 'artificial intelligence' in 1956 at a conference held at Dartmouth College. Can you name the Professor? A. David Levy B. John McCarthy C. Joseph Weizenbaum D. Hans Berliner E. None of the above

Last Answer : B. John McCarthy 

Description : A levy of excise duty on consumption of an item consumed will .. (a) Induce suppliers to pump in more quantity in the market; (b) Result in fall in the consumption of the commodity ... by the consumer ; (c) Lead to inflationary conditions ; (d) Place the consumer on lower indifference curve

Last Answer : (d) Place the consumer on lower indifference curve 

Description : At a given price increase in quantity supplied can be possible if …………… (a) There is apprehension of sharp fall in prices in future ; (b) Refund or subsidy of statutory levy in cash is given by the Government; (c) Improvement in technology led to cost saving ; (d) All the three

Last Answer : ; (d) All the three

Description : Do you have a friend or family who repeats the same stories over and over again in conversations and you stopped reminding them because you know it will never stop anyway?

Last Answer : Yes.

Description : Is there anyway to stop files copying into the iTunes folder on my iMac when I add them to iTunes?

Last Answer : answer:Yes. Press Apple + , (comma) to access iTunes Preferences window. Click the Advanced' tab. Untick Copy Files to iTunes Music folder when adding to library'. This will let you store music ... any volume attached to the iMac, whilst still being able to access it from the same iTunes Library.

Description : Can someone explain the 600.00 reporting to the IRS?

Last Answer : I believe Biden is behind it. I was hoping it wouldn’t be true.

Description : Are you aware of latest IRS scam?

Last Answer : answer:I know two people who received those calls. One guy called me to ask if it sounded like a scam.They wanted payment within hours or the said the police would be knocking on the door at any moment. It was weird that he thought for a moment it might be legit.

Description : How do you dispute the IRS?

Last Answer : answer:I'm very confused by your question. You say that you received an IRS notice for non-payment of state taxes. The IRS collects federal taxes, period. The IRS has no authority, whatsoever, with respect to ... at the notice, verify who sent it, and sort through its issues, I'll try to help you.

Description : Are you guys aware of the latest phishing scam going around, with a guy claiming to be from the IRS and you're going to jail tomorrow?

Last Answer : answer:I was getting calls on my cell phone with voicemails saying This is the US Census. Please call us back at _______. Of course I didn't answer the phone and didn't call back. After about ... . We were speculating that they were probably going to see if she was gullible and ask for bail money.

Description : What is wrong with the IRS?

Last Answer : I was once on hold (not the IRS) for two hours only to find out that the office was closed that day. “Stay on the line your call is important to us”, bull crackers. My life stops when I am on hold.

Description : Non-profit organization in California that is IRS recognized, do you know the steps to creation or where to find the information?

Last Answer : file your 501c

Description : Did the President under estimate the People's disdain for the IRS?

Last Answer : answer:If your question is for the President, then perhaps you should ask it of him. Did you have a question for us? So far I haven't heard any evidence of the President actually using the IRS ... have not. We will just have to wait and see how the administration responds to this latest scandal .

Description : Is it worth the time calling the IRS?

Last Answer : answer:I have called the IRS in the past and they were very helpful. But, I don't know for your specific question if they will have the detailed information you want. I think there is a ... busy. You can change your withholdings so you are getting more money from your job for the time being.

Description : Is it true that the IRS gives business tax breaks when they move overseas?

Last Answer : answer:It is a standard business deduction for the move of the job. So, if you moved a job from California to Florida, you can take a business deduction. Nobody cares, or has ever really cared, as ... fired in the US is now on unemployment and the person in another country is not paying US taxes.

Description : Is Romney not releasing his tax returns because he is afraid that the IRS will see them?

Last Answer : Seeing that they are tax returns I think that the IRS already has them.

Description : What's your opinion of the IRS about to tax sales across the internet?

Last Answer : Not happy about it but not surprised.

Description : What are your thoughts about the man who set fire to his house and flew his private plane into an IRS building in Austin, TX?

Last Answer : That we are nearing a tipping point. People are getting tired of taking it anymore.

Description : Has anyone received numerous letters from the IRS?

Last Answer : I have! Its like theyre totally after me and everyone I know!!!

Description : Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Last Answer : I don't think a national sales tax is the answer. Now, I'm no economist, so my logic may be faulty but here goes: For the purposes of this example, assume all 3 families consist of 2 adults and ... fair and across the board is to go with a flat percentage rate tax on income only, paid by everyone.

Description : What is the full form of 'IRS' ? -How To ?

Last Answer : The full form of 'IRS' is Indian Revenue Service

Description : What is the full form of IRS ?

Last Answer : The full form of IRS International Referral System.

Last Answer : IRS - Indian Revenue Service

Description : Tel. call: IRS has filed law suit

Last Answer : Very likely. Did somebody call you? There have been a lot of IRS scams. IRS has a warning on their web site: http://www.irs.gov/uac/Newsroom/IRS-Reiterates-Warning-of-Pervasive-Telephone-Scam

Description : what kind of paper work should i keep for the irs each year

Last Answer : Need Answer

Description : How much money can someone over 85 make without penalty from IRS?

Last Answer : You can collect your social secruity benefits and work as much as you want. They do not penalize you for earning other income. You do have to pay taxes on your income.

Description : Should my PEO be certified by the IRS?

Last Answer : Yes, your PEO should be certified by the IRS. Because of the PEO working , must have a location in the United States, in a business, of working to report to the IRS. It is, because if you do not ... by living in the USA. And contacting the IRS about it, with forms, sheets, or letters given to you.

Description : What is the IRS mailing address for 1099 misc Copy A?

Last Answer : Feel Free to Answer

Description : When is the deadline with the IRS to send out a k1?

Last Answer : Feel Free to Answer

Description : How much cash can you withdraw without IRS notified?

Last Answer : Feel Free to Answer

Description : Can a creditor take IRS refund?

Last Answer : Need answer

Description : What is the phone number for IRS in New York?

Last Answer : Need answer

Description : When the IRS Accept your tax return does that mean its already approved?

Last Answer : No....When the IRS accepts your taxes they are basically sayingthat all your personal info, dependent info, etc matches what theyhave in their system. Your return still has to go through anotherprocess before it is approved.

Description : Response to IRS Penalty?

Last Answer : Get StartedThe purpose of this letter is to respond to an IRS notice that is assessing you a penalty. If you feel that the penalty is unjustified or too high, use this letter to explain to the ... reason, the IRS may possibly reduce the penalty. This letter is only intended to address the penalty.

Description : Power of Attorney, for IRS?

Last Answer : Power of Attorney and Declaration of Representative(Download)Taxpayer(s) name, identifying number, and address including ZIP code: ... number: __________Year(s) or period(s) _________Date of de

Description : IRS Tax Settlement Defined?

Last Answer : When a taxpayer settles their delinquent taxes using one of theprograms offered to them by the IRS it is called an IRS taxsettlement. If a taxpayer has valid reasoning for abating theirpenalties, or is ... If this is not possible, then the IRS may be able tofind an alternate way to collect