According to the IRS, over 11.23 million Americans currently owe federal tax debt. If you’re one of them, you’re not alone. Tax season can be stressful, but tax debt can feel overwhelming.

The pressure to repay the IRS can be significant, and the threat of penalties and enforced collections like tax levies can leave you feeling anxious and unsure of your options.

This blog is designed to help you understand what a tax levy is and explore potential solutions to find relief from tax levies in Corpus Christi.

We’ll also explain how a debt relief attorney in Corpus Christi can guide you through the process and help you navigate your options.

What is a Tax Levy?

A tax levy is a legal seizure of your property by the IRS to collect unpaid taxes. The IRS can levy various assets, including your bank accounts, wages, and even your car.

A tax levy can significantly disrupt your financial situation, making it difficult to pay your bills and meet your daily needs.

Signs You Might Be Facing a Tax Levy

Here are some signs that a tax levy might be coming your way:

  • You’ve received a Final Notice (CP504) from the IRS:This notice informs you of the impending levy and the potential consequences of failing to pay.
  • Your bank account has been frozen:The IRS can levy your bank accounts to collect unpaid taxes.
  • Your wages are being garnished:The IRS can garnish a portion of your wages to pay off your tax debt.

Understanding Your Options: Relief from Tax Levies

If you’re facing a tax levy, you don’t have to go it alone. There are several options available to help you resolve your tax debt and stop the levy. Here are some ways a debt relief attorney in Corpus Christi can assist you:

  • Negotiate an Installment Agreement:This allows you to repay your tax debt in manageable monthly installments.
  • Offer in Compromise:This program allows you to settle your tax debt for less than the full amount owed.
  • Request a Currently Not Collectible (CNC) Status:If you’re experiencing financial hardship, the IRS may temporarily postpone collection efforts.
  • Remove the Levy:In some cases, an attorney can help you convince the IRS to remove the levy, especially if there are errors in your tax assessment.

Seek Professional Help: A Debt Relief Attorney in Corpus Christi

Tax debt is a complex issue, and navigating the IRS bureaucracy can be challenging. A debt relief attorney in Corpus Christi with experience in tax law can offer invaluable guidance and support.

They can negotiate with the IRS on your behalf, explore all available options for resolving your tax debt, and help you stop a tax levy from happening.

The Law Office of Joel Gonzalez: Your Partner in Tax Debt Relief

At the Law Office of Joel Gonzalez, we understand the stress and anxiety that tax debt can cause. We are dedicated to helping individuals in Corpus Christi find solutions to their tax problems. Attorney Joel Gonzalez has extensive experience in tax law and can help you navigate your options for relief from tax levies.

Contact the Law Office of Joel Gonzalez today for a consultation to discuss your situation and explore your options for resolving your tax debt. Together, we can find a solution that helps you get back on track financially.