I also received a notice of intent to levy in the mail
regarding my 2011 tax return except I wasnt working that year at all but I
requested my 2010 return that year just for my own records since I lost my
originals after the box they were in were left out in the rain so, I went to
the IRS website to request a transcript, I printed out the form, filled it out
and sent it by mail, maybe 2 weeks later I got a response from the IRS saying
that my home address was incorrect and they could not provide me with any of
the information I tried to request, they sent my original form back to me along
with a change of address form and the reason why they could not help me. By the
time I lost all patience and said "forget it" it was already early
August 2012 and someone out there was collecting under my name but I couldnt
start to fix it because "the address you filed with is not the same as
what you're saying now" I was stuck so I gave up then around 2 months
later my car was broken into and a lot of my car registration papers, previous
court papers that had my SSN on them were stolen, I put a freeze on my credit
report the next day and I have all my Equifax and Trans Union documents proving
it ....anyway fast forward to maybe February 2013 I receive a notice telling me
that I needed to provide my W2's because my return didnt add up but I hadnt
even filed yet, I did work only 3 months in 2012 but I got this notice before I
filed then a notice from the state saying the employer on my return denied that
I worked there so I was not going to get a return, I dont know where this was
coming from so I found this site online that was able to give me my transcript
as long I provide my AGI for 2 past tax returns, so I did and I finally had my
transcript. The address used for both my 2011 and 2012 returns was one I never
lived at and top it off one of these was no more than a mile from me, one month
later another notice saying they had verified my identity theft claim and I did
not need to do anything and they would be contacting me soon, this was May 6th
now its September 25th 2013 and I was contacted by the irs 3 days ago with A
NOTICE OF INTENT TO LEVY, INTENT TO SEIZE YOUR PROPERTY OR RIGHTS TO PROPERTY
and I have until October 10, 2013 to pay $2500 which I don't have because I
still haven't worked. I called and don't get any real human only a machine can
someone please tell me if this makes sense or do I have a tiny chance of
actually being excused due to the fraud thing....thanks in advance.
Answer :
Receiving a notice of intent to levy notice from the IRS can
be scary since it likely means that something has gone terribly wrong with your
taxes and that you have yet to do anything to fix that problem. While this is
clearly not a good situation, you may be able to get back into the good graces
of the IRS if you make the right moves and handle the intent to levy carefully
to ensure that things do not progress any further. An intent to levy notice
does not mean that the IRS is going to show up at your house, kick you out and
take your belongings, but it does mean that you’ve ignored past notices to
delinquent taxes and that the IRS is now becoming very serious about
collecting. A tax levy is a way for the IRS to take what you owe since you are
unwilling to pay them on your own. In most cases, the IRS will levy your bank
account in addition to levying your wages, social security, and other assets. A
tax lien may also be attached to your home in conjunction with a tax levy. The
best way to prevent a tax levy is to contact the IRS so that you can come to an
agreement on how you will pay back the taxes that you owe. You can set up an
IRS installment agreement or submit an offer in compromise to slow down the
levy process - and possibly even stop it in its tracks - once you begin to pay
your back taxes. As long as you are willing to work with the IRS to find a
solution as opposed to hiding from them . It is a safe bet that you will never
have to worry about finding a letter of intent to levy notice in your mailbox.
If you do not pay your taxes (or make arrangements to settle your debt): The
government can seize and sell property that you hold (such as your car, boat,
or house), or The government can levy property that is yours but is held by
someone else (such as your wages, retirement accounts, dividends, bank
accounts, rental income, accounts receivables, the cash value of your life
insurance, or commissions). If a levy is placed on your bank account, the levy
attaches the funds that have cleared and are available for withdrawal. The bank
must wait until 21 days after a levy is received before sending the money. The
holding period allows you time to resolve any dispute about account ownership,
or get professional..Read more…
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