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Video instructions and help with filling out and completing Irs form 668-a pdf

Okay in this video and today we're going to talk about how to get your IRS levy released what is an IRS levy well really a levy is a legal seizure of your property or your rights to property to satisfy your tax debt when the IRS seizes or levies your property it will be sold to help pay your tax debt if your paycheck is garnished which is called a wage levy or your bank account is seized which is a bank levy the money will be taken and applied to your tax debt in understanding this process there really is no legal difference between seizure and levy that's important to understand now before the IRS can seize your paycheck bank account or other property they're going to need to send you a notice it's called a notice of intent to levy and notice of your write to hearing there is the letter in this notice will also say final notice at the top it will probably be a CP 90 if they're going to take some assets or a CP 297 if they're going to levy certain payments or your wages now when you get that letter you have 30 days from the date on that notice to pay your tax debt in full set up a payment plan with the IRS or request what's called a collection due process hearing if you don't act within that 30 day period then the IRS can move forward and seize your property without further notice now there are a couple of exceptions to that 30-day notice there are certain situations when the IRS is not required to give you that 30 day notice before taking your property it includes if the IRS believes that collecting that tax is in jeopardy if they believe that they're going to seize your state tax refund if you're a federal contractor and oh I RS taxes or in certain situations where you might have a small business and you have unpaid employment taxes they don't have to give you a 30 day notice they can just take your assets and your bank accounts now what can i RSC's or levy well they could take your wages your salary your commissions they could seize your bank account brokerage account and other financial assets they can take a portion of your Social Security check and other federal retirement payments they can seize your house your car other property any property that you have an own and interest in or have rights to now we just salary and commissions if the IRS seizes or levies your wages salary or commissions they're going to serve that levy on the individual business or organization that is paying you and that levy is going to stay in force for every payment you receive from that person or that entity until the IRS issues a release of that levy now how much of your money can they take well the.