Bank & Wage Levy

How to Remove a Bank Levy or Wage Levy

IRS Levied My Account

As Los Angeles wage tax attorneys we know the IRS and other taxing agencies including FTB, EDD and SBE use tax levies as one of its many tools to collect on taxes which are owed by the taxpayer. It is one of the most powerful tools that the IRS or any tax agency has to collect on its taxes. Unlike other creditors, IRS is given the ultimate power to seize any assets that you may have to satisfy taxes which are owed to them without getting a court order. IRS is authorized to use vast array of data bases to find out where a taxpayer lives, works, banks, holds investment accounts.

IRS data bases will allow them to have information on your ownership in land, cars, boats, interest in businesses and any other assets which can be sold or liquidated to satisfy taxes which may be owed.

Taxpayers are usually given a short notice by the IRS that their properties will be seized by the government and are told to make appropriate arrangements to prevent such seizure.

If not properly addressed, levies can have a devastating effect on most taxpayers. You may lose your wages, holdings in your bank or investment accounts. Your retirement savings may be liquidated and your cars and non-cash assets may be seized and sold at an auction. It is advised that you contact a lawyer immediately if you are threatened with a levy. Otherwise, your finances may suffer an irreversible damage.

Client Reviews
Victor is an excellent tax attorney for individuals and business in need of tax relief. Feel assured that Victor can get the job done. I know I am comfortable recommending Victor for any tax problem.
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We had a irs problem and came to Victor. He is very knowledgeable and gave us great advice. I would recommend him to anyone with tax problems. He also does franchise tax board cases but we didn't need him for that. I have referred fiends to him and they were happy with him too.
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My elderly mother had a very complicated tax problem from when she lived in CA years ago. Even though we now live in Oregon, Mr. Yoo not only helped her remotely but delivered better and expected results. We couldn't have asked for better service.
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Victor got us out of a jam with the IRS. We were the first to be offered a new amnesty program and it saved us quite a bit in taxes, but more importantly gave us peace of mind.
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Our personal taxes got complicated because of an erroneous 1099 we received. As a result our tax liability increased. Victor was able to iron things out with the IRS and Franchise Tax Board.
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