Tax Liens and Tax Levies Fall From 2011 to 2012

The IRS just released just released data providing information about all things tax collection. Included in the data they released is information about tax liens and tax levies. It looks as though fewer taxpayers were assessed liens and levies in 2012 than in 2011.

What are Tax Liens and Tax Levies?

Tax Liens, Levies and Seizures Grew Drastically in the Last 10 Years

Tax Liens, Levies & Seizures GrowThe IRS has been stepping up enforcement recently, with an increase in audits. Indeed, one in eight millionaires was audited during fiscal year 2011, according to the IRS. The IRS has also reported that it is increasing its efforts to catch tax evaders who move their money offshore.

It’s […]

When & How the IRS Will Levy Your Assets

irs tax levyAn IRS tax levy really is a last resort collection mechanism used by the IRS. Before the IRS begins to levy there should be fair warning to the taxpayer and the levy should not be a surprise. The IRS offers up many different mechanisms to the taxpayer to get back into […]

May 27th, 2010|Tax Levy|0 Comments