An IRS Tax Levy is perhaps defaulting taxpayers’ worst nightmare but it is not altogether a rare occurrence and statistics place the number of Angelinos in Los Angeles, and American individuals, or businesses who are levied by the IRS; in millions every year.
A tax levy is by no means a cruel and unusual punishment but is a logical course of action against intentionally defaulting taxpayers by an arm of the government which collects the financial resources needed to run the country.
Paying taxes is every citizen’s duty and it is what is owed to the country by a private citizen, company or enterprise. Failure to pay taxes results in consequences. However, in all fairness a tax levy isn’t the first course of action taken by the IRS to ensure payment of taxes.
So what is a tax levy, why is it to be avoided at all costs and how does it prove to be an effective tool against defaulting taxpayers; read further to know more.
Call our Los Angeles based tax representation firm at 877-788-2937.