• Skip to content
  • Skip to footer

Taxation Solutions, Inc.

(321) 332-0631
Email Us!
  • Home
  • Tax Services
    • Tax Resolution Services
    • Tax Attorneys
    • Business Tax Problems
    • IRS Audits
    • IRS Back Taxes
    • Tax Penalties and Settlements
    • Tax Relief for Truckers
  • Testimonials
  • Blog
  • Contact Us

/ July 26, 2018

When Can the Government Seize Your Assets to Cover a Tax Debt?

When you’ve gone years without paying your taxes or you owe a huge back tax debt, the government is authorized to take extreme measures to collect what you owe. The IRS’s last resort is issuing a bank levy on your assets. While a tax lien is a claim against your assets that is used to encourage payment, a levy means asset seizure is imminent.

The IRS may seize assets including: 

  • Your home
  • Your vehicle
  • Property such as boats or RVs
  • Your wages and commissions
  • Your bank accounts
  • Any rental income
  • The cash loan value of your life insurance

Obviously, you don’t want to lose these items or amounts to government seizure. With help from the tax resolution specialists at Taxation Solutions, Inc., you may not have to face this fate. Even in cases where back tax debts are overwhelming, we can help clients find a way forward. Our job is to first stop the levy and then negotiate an alternative settlement or repayment plan. We’ll strive to bring you into compliance with the IRS’s demands without furthering your financial hardship. If there’s a way to keep your assets in your possession, we’ll find it.

Ready to learn more? Book your initial consultation with Taxation Solutions, Inc. right away! 

Filed Under: Uncategorized

Footer

Let’s Be Friends!

  • Facebook
  • Google+
  • Twitter

Business Hours

Mon-Fri8AM-6PM
DailyAppointments

Payment Accepted

Address

Taxation Solutions, Inc.
390 N Orange Ave Suite #2300
Orlando, FL 32801

 

(321) 332-0631
 NATP LogoNAEA Logo

Serving Orlando FL; Altamonte Springs FL; Apopka FL; Kissimmee FL; Ocoee FL; Orlovista FL; Oviedo FL; Southeast Orlando FL; St. Cloud FL; Winter Park FL Since 2008
390 N Orange Ave Suite #2300 Orlando, FL 32801
Copyright ProspectGenius and Taxation Solutions, Inc. 2019

  • Business Tax Problems
  • IRS Audits
  • IRS Back Taxes
  • Tax Services
  • Tax Attorneys
  • Tax Penalties and Settlements
  • Tax Relief for Truckers
  • Tax Resolution Services