Levies can cause significant harm and disrupt your life dramatically. A levy is the IRS's method of demanding your immediate attention. Essentially, it means they have attempted to contact you, but you haven't responded. Levies are used to seize your wages and other assets. If you own it, they can take it. This includes checking accounts, vehicles, stocks, bonds, boats, paychecks, and even Social Security checks!

Imagine waking up one day to discover your bank accounts have been emptied. They will take every cent. If this amount doesn't cover your debt, they'll continue to take your money until your tax liability is fully paid. Levying your bank account can cause your checks to bounce, signaling to many that you have tax issues. But the IRS doesn't care. Their only goal is to collect the taxes you owe. Period.

As troubling as that is, an even more severe measure is a wage levy (or garnishment). This means that most of your paycheck goes directly to the IRS, leaving you with barely enough to cover your bills. This will continue every payday until the debt is settled.

If these actions don't achieve their goal, the IRS will escalate their efforts. They may seize your assets and sell them at auction. This can include your home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, and any other valuable items you own.

At JCB Financial Services, we often succeed in getting these levies released and help you navigate out of this dire situation. Our mission is to help you settle with the IRS in a manner that is manageable for you, allowing you to start afresh.