Tampa Tax Attorneys Assisting With Tax Levies In Sarasota, St. Petersburg, Clearwater West Palm Beach and All of Florida

A tax levy is an umbrella term for a number of ways the government may use to recover unpaid tax debts from individuals and businesses. A court order is not required in order to impose a tax levy, and once imposed against an individual or business the IRS may seek to recover taxes by levying wages, bank accounts, social security payments, accounts receivable, insurance proceeds, real estate, and even a taxpayer’s personal residence. Banks are required to hold funds for 21 days to permit the taxpayer to resolve the debt or dispute. After 21 days the bank releases the funds to the IRS.

There are a variety of possible solutions for taxpayers that are faced with tax levies. Depending on the circumstances and the type of levy, relief may be found through offers in compromise, penalty abatement, and installment agreements, among others. Negotiations for such solutions can be complex and in some instances improper negotiation may make tax problems worse. Taxpayers facing a tax levy or any tax problem should contact the tax attorneys at Yesner & Boss, P.L. for a consultation. Serving Tampa, St. Petersburg, Clearwater, Brandon, Sarasota, New Tampa, and areas throughout Florida, the lawyers at Yesner & Boss, P.L. are dedicated to negotiating the best possible tax problem solutions for their clients.