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Practice Areas

Probate
Wills, Trusts & Estates
Bankruptcy, Chapter 7
Bankruptcy, Chapter 13
• Business Bankruptcy (coming)
IRS Tax Relief
Business Formation
Corporate Contracts
Commercial Litigation
Real Estate Transfer & Leases
Construction Transactions
Construction & Mechanic's Lien Foreclosure

Disclaimer

Bankruptcy FAQs

What is an IRS Tax Levy or IRS Tax Lien?

What is an IRS Tax Levy?
A levy is a legal seizure of your property to satisfy a tax debt. The Internal Revenue Service publishes information on IRS tax levies.


What is an IRS Tax Lien?
A lien is a claim used as security for the tax debt, comparable to when a bank is the legal owner of your car although you are the registered owner or when a mortgage company holds a deed of trust on your house.


What is the Difference between an IRS Tax Levy and a Tax Lien?
A tax levy is different from a tax lien. A lien is a claim used as security for the tax debt, while a levy actually takes your property to satisfy the tax debt.


Why are my Wages being Garnished?
Wage Garnishment is where the IRS directs your employer to withhold a portion of your wages and to pay that portion to the IRS. Wage Garnishment is common (perhaps the most common) form of Levy used by the IRS to collect on your tax debt.


Help! My Bank Account Funds just Disappeared!
Taking your bank account funds is another common form of Levy used by the IRS to collect on your tax debt. The most unfortunate situation is when the IRS garnishes a portion of your wages and when the remainder of your paycheck is deposited, the IRS takes the rest of the paycheck by a bank levy - leaving you with NO INCOME.


What can I do to Stop an IRS Tax Levy or Wage Garnishment?
There are several ways to stop the IRS from garnishing your wages or levying your bank account.


Call or email our office today for a free consultation with a tax attorney with over eleven years experience on tax relief.


We have helped many clients by using a variety of methods. These include:

 


Office Location

8011 Greenwood Ave. N.
Seattle, WA 98103

P: 206.782.0722
F: 206.783.0233
E: info@mdoLaw.com

mdoLaw Bankruptcy Blog

NEW: What are my options to stop foreclosure? 01/12

Will filing bankruptcy stop foreclosure on my house? 01/03

Can my bank still foreclose while I am in a trial loan modification? 12/22

If I file bankruptcy less than 11 days prior to my foreclosure sale, will that stop the sale? 12/15

Will my tax debt go away if I file bankruptcy? 08/25

What happens with the second loan if my house is foreclosed? 05/27

Washington State passes Mortgage "Foreclosure Fairness Act" 05/09

Bank of America suspends foreclosures nationwide. 10/01

Mortgage servicers can no longer deny HAMP loan modifications based on your being in a bankruptcy. 06/01

Will filing bankruptcy ruin my credit record? 05/22

How long will a foreclosure affect my ability to get a home loan? 05/04

What is the difference between a "mortgage trustee" and a "bankruptcy trustee?" 04/21

How long does it take to file Bankruptcy? 04/16

Is it better to short sale my house or to file Bankruptcy? 04/12

Prior Bankruptcy Blog Postings

The Law Office of Matthew D. O'Conner represents clients in Seattle, Shoreline, Ballard, Greenwood, Bothell, Mountlake Terrace,
Edmonds, Phinney Ridge, Renton, Woodinville, Kent, King County, Snohomish County, Pierce County and tax clients throughout Washington State.

We are a debt relief agency. In addition to other practice areas, we help people file for bankruptcy relief under the Bankruptcy Code.


Copyright © 2012 Law Office of Matthew D. O'Conner. All rights reserved. Reproduction in whole or part without permission is prohibited.