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IRS Levy

Posted Sep 06, 2018

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A levy is a legal seizure of a taxpayer’s property to satisfy a tax debt. Individuals and businesses now have more time to file an administrative claim or bring a civil action for wrongful levy or seizure, according to a recent IRS online Tax Tip reminder. The tax reform law passed last December extended the time limit from nine months to two years. The “property” the IRS can seize may be wages, money in the bank or other accounts, vehicles and real estate. Visit https://bit.ly/2OY4Tsb for more information.





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