Tax Levy

Tax Levy

When taxes are not filed and/or unpaid, the IRS has the authority to take action to collect any debt owed to them by a taxpayer. Within its authority, the IRS can do everything from filing a substitute return for you to withholding any future refunds and freezing your financial accounts to applying a levy against you. Levies differ from liens, as with a levy, the IRS has the right to seize any of your property in order to satisfy a tax debt. A lien, only puts a legal claim against your property to secure payment of the debt.

With a levy, the IRS can seize property, such as homes, cars and other items of high value, as well as withdraw any available money from your financial accounts. This also includes withdrawing money from any future deposits that are made into your bank accounts. Once the property is sold at auction or other means, the monies are then applied to your tax debt. You are then billed and responsible for any leftover debt.

Before the IRS can place a levy on a taxpayer, other attempts to collect money for the tax bill must be taken. Before the IRS issues a levy, they usually send you a Notice and Demand for Payment. This is your tax bill stating how much you owe and when it needs to be paid by. If you neglect or refuse to pay your tax bill, the IRS will then send you a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. This is the levy notice and must be sent to you at least 30 days prior to the levy being applied. The final notice is often sent to you by certified mail, but can also be delivered in person to you at home or at work. Keep in mind, if the IRS places a levy on your state tax refund, you may receive the Notice of Levy on Your State Refund and your Notice of Your Right to a Hearing after the levy is in place.

It is possible to avoid a levy. This can be done by filing tax returns on time, taking care of any back taxes and if needed, reaching out for help. Instead of ignoring your tax bill, contact the IRS and see what your options are to take care of the debt. It may be possible to set up a payment plan, get an extension, settle for less than you owe or apply to have your entire tax debt forgiven.

Failure to pay your taxes may result in additional collection processes set forth by the IRS. This may include having a levy placed against you in an attempt to seize property and money from your financial accounts. If you receive a final notice, do not ignore it. Even if you believe you do not owe the money, you cannot ignore a final notice. Contact the IRS or a tax professional to see what your options are to avoid the levy being finalized.  Please don’t hesitate to contact us with any questions about your tax problems at 800-901-0885


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4.8 out of 5 star

10 reviews

Jess T.
2019, July 30, 5:31 pm

Coast one Financial saw my family through

Coast one Financial saw my family through our entire settlement to the end! They did everything they promised, and got us a major settlement savings! My husband and I can\'t thank them enough!

2019, June 20, 1:42 pm

Coast one helped me out when I was up against the IRS

Coast one financial group helped me out when I was up against the IRS with a debt of close to $15,000. My ex husband left me in a bad place financially having lied on our last joint tax return. I also had some health issues that kept me from paying my taxes and instead paying for health insurance. Coast one handled all correspondence to and from the IRS as well as kept in touch with me throughout the whole experience. I settled for pennies on the dollar and can now resume my life tax debt free. I\'m so grateful for their help.

Donna S
2019, June 20, 1:31 pm

Coast one save me $34,000 in *** tax debt

Coast one save me $34,000 in *** tax debt the entire team worked me to get all info need for my settlement. I saw advertisement on tv for Coast One and had no I dead they could help me. We settled $440 great job guys!!!

Julie Churchill
2019, May 15, 1:43 pm

I was very happy

I was very happy with all people and quick responses. I would highly recommend this company

Cindy L
2019, May 3, 1:32 pm

My husband and I had about $40,000 in tax debt

My husband and I had about $40,000 in tax debt from some difficulties we had experienced a few years ago. The *** refused to make payment arrangements with us after we’d broken our past agreement following a job and personal losses. We’d seen these tax relief advertisements but wondered if it would work for us. I got an offer to help us by Coast One Financial Group.. I called them and left a message. An attorney called me back and asked if he told me for a few thousand (about $3000 I think) I he could help eliminate $10’s of thousands of dollars of *** debt. I said i’d Love to but didn’t have enough to pay them. He offered us a payment arrangement that we could afford and we did it. We ended up paying the *** $259.00 in exchange for eliminating $40900 of tax debt. We got the letter this week that our tax lien will be lifted within 30 days. This year we filed our taxes and paid them in full! What a relief and burden was lifted thanks to Coast One Financial and their attorneys. I would recommend them to everyone. They are amazing!

Reply from Coast1Tax :

2019, May 3, 1:32 pm

Thank you!

stephen k
2019, May 2, 1:59 pm

will tell many people to call

was very happy with the outcome will tell many people to call coast one for help and thank you.

Reply from Coast1Tax :

2019, May 3, 1:59 pm

Thank you!

Reginald G
2019, April 3, 2:00 pm

Coast One is the best hands down

Coast One is the best hands down, I would recommend Coast One to anyone who has any *** trouble. Everyone have had the up most respect for me situation and took time to walk me through it every step of the way until things was resolved properly. My hat goes off to the whole team. You guys rock

Reply from Coast1Tax :

2019, April 3, 2:00 pm

Thank you!

Cynthia K
2019, March 25, 2:01 pm



Reply from Coast1Tax :

2019, March 25, 2:01 pm

Thank you!

Ranting with Reg Hollywood
2019, January 15, 1:46 pm

step by step guidance

Thank you so much for your patience and step by step guidance, You guys are great and would recommend anyone who have a IRS problem to you guy. Thanks a million you guys rock. I appreciate everything you\'ve done

S. Atika
2018, August 30, 1:47 pm

I owed $44,000 and walked away paying $123 NO JOKE!

Coast One allowed me to have peace again. I was in debt over my ears and saw no way out. With a little time and patience they took me out of debt and gave me my life back. I owed $44,000 and walked away paying $123 NO JOKE! Thank you to the amazing team at Coast One!

Reply from Coast1Tax :

2018, September 1, 1:47 pm

On Behalf of Coast One, we thank you!

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