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1099 Levy

If you are an independent contractor, it may take longer for the IRS to find you, but this does not mean you aren't on its radar. Among the many powers the IRS possesses, the federal tax levy allows it to seize property without a judgement.  That means they can issue a notice of levy to a taxpayer’s bank account, or brokerage account or even to a company that you may perform services to as an independent contractor. This usually gets the attention of taxpayers who are non-compliant.

1099 Levy

If you are an independent contractor, it may take longer for the IRS to find you, but this does not mean you aren't on its radar. Among the many powers the IRS possesses, the federal tax levy allows it to seize property without a judgement.  That means they can issue a notice of levy to a taxpayer’s bank account, or brokerage account or even to a company that you may perform services to as an independent contractor. This usually gets the attention of taxpayers who are non-compliant.


A Tax Levy Means the IRS Can Seize Property or Other Assets to Cover Your Outstanding Tax Bill. 
The Tax Problem Solver Team Can Help!

A Tax Levy Means the IRS Can Seize Property or Other Assets to Cover Your Outstanding Tax Bill. The Tax Problem Solver Team Can Help!

TAX PROBLEM: If you fail to respond to requests from the IRS to satisfy your 1099 tax debt, they will reach out to those you contract with and instruct them to send all future payments to the IRS. They can legally seize your property to satisfy your tax debt, as well as garnish your 1099 wages, take money from your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property. Additionally, if your accounts don’t cover the full amount of back taxes you owe, they will continue to place a levy on these accounts as additional funds become available until your debt is satisfied. The levy on third parties is, by far, the most common form of collection enforcement by the IRS, particularly levies on bank accounts and wages. You can avoid having the IRS seize your assets by putting the Tax Problem Solver team to work for you.

CONSEQUENCE: Unless you respond and pay off your debt or make arrangements for payment immediately, your 1099 wages will be garnished.
If you’re a 1099 wage-earner, the IRS can garnish your earnings just as easily as it can with any employee. And it’s not just what you may be owed today. The IRS can issue a series of levies to continue to collect from all of your 1099 payments until your debt is satisfied. 

Typically, a levy comes as no surprise, because the IRS goes through a series of steps prior to implementing a tax levy. After a tax amount has been assessed and a bill is sent. If unpaid, a final notice is sent and 30 days after that notice, the levy begins.  All the while, your tax debt grows and you are definitely in the sights of the IRS.

SOLUTION: Protect your hard-earned wages and assets by putting our Tax Problem Solver team on your tax problem.
Of course, the easiest way to avoid a levy is by filing your tax returns on time and paying your taxes when they become due. That said, if you need more time to file you can request an extension and if you can’t pay the whole amount, you should pay as much as you can and work with the IRS to resolve your balance. That’s where Larry Heinkel and his team at Tax Problem Solver help you work with the IRS to negotiate a payment plan, apply for a settlement or get hardship relief. An experienced tax attorney like Larry Heinkel can do so much more than CPAs or registered agents, especially if there is litigation involved. This has been proven time and time again by the successful resolution of cases for Tax Problem Solver clients.

Don’t Ignore the IRS – Things Get Bad Quickly!


HOW TO TAKE ACTION: If you receive an IRS bill titled “Final Notice, Notice of Intent to Levy and Your Right to A Hearing,” contact us now for a FREE consultation! It’s important to note that for 1099 taxpayers, the IRS can only take what is owed to you at the time your earnings are garnished. So, if you have not been paid yet for any existing work, those payments are safe from any levy. As soon as you receive a notice, call us immediately, so you can take action, because once they garnish your accounts and any incoming revenue, it very difficult to get any of those assets back. The Tax Problem Solver Team know the answers and can help you stop or release any levies on your 1099 income! To learn more how Tax Problem Solver can help you with a 1099 levy, schedule a free consultation now or call (855) BEAT-IRS now!

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