Levies can really do a lot of damage and even ruin your life. A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize whatever assets you have. If you own it, they can take it. That includes checking accounts, stocks, bonds, and even your investment properties along with any other assets or us source income.
Imagine waking up one morning and finding all your US bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they'll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce. But they don't care! Their sole objective is to collect the taxes owed. Period.
If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own in the US property investments, cars, anything of value.
It is possible to get levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.