If your company’s tax debt has progressed to the point where you have received a notice of intent to levy or suspect that you may receive such a notice, you must act quickly. The lawyers at Pearson Butler understand the urgency needed in levy situations and can act fast to stop the IRS from levying your company’s accounts.
Even if your company’s bank account has already been levied, the bank holds the funds for 21 days. During that time, your lawyer can move quickly to stop the levy from completing by stepping in and starting the settlement process.
If it is already too late and the IRS has raided your company’s account, it will be just as important to retain an attorney’s counsel. In many cases the first bank levy may not pay the full amount of taxes owed, which means your company’s account may very well be levied again. The IRS will not stop until the full amount has been paid.
Protect your finances and rights – call (800) 265-2314 today for experienced help in Utah. Pearson Butler has convenient office locations in South Jordan, American Fork, and Bountiful.
How Can a Lawyer Stop an IRS Levy?
If the IRS is planning on placing a levy on your company’s accounts, there are various options that can bring large tax debts down to a more manageable size. Depending on your unique circumstances, your company may qualify for one or more debt settlement programs to pay the debt in monthly payments, or in some cases even significantly reduce the amount you owe.
Such programs may include:
Once you have begun to formally negotiate a settlement on your tax debt, the IRS will cease collections efforts until an agreement is reached. An attorney at Pearson Butler can review the specifics of your case, craft a plan of action, and move immediately to stop further bank levies.
Act Fast, But Don't Go It Alone
IRS levies are among the worst things for any business to face. The while the IRS has several programs to help struggling businesses bring tax debt to manageable levels, do not attempt to negotiate on your own. Collections agents will only be out to get as much money from you as fast as they can, often leading you astray. Only an attorney who represents your interests should be trusted.
Tax law can be complicated, with many different factors determining how much your business will be on the hook for every month after you have entered an agreement. The IRS will want this amount as large as possible and cares nothing of a business’s obligations or well-being. The lawyers at Pearson Butler have been dealing with the IRS for years and understand both the limits of the law and the tactics used to collect money from businesses.
Call (800) 265-2314 today and take the first steps to stop the IRS.