When will the IRS levy?
1. The IRS must first assess the tax and issue a tax bill and "Notice and Demand for Payment;"
2. The IRS must will issue a "Notice of Intent to Levy" (this is not to be confused with the 3rd document, below);
3. The IRS must issue a "Final Notice of Intent to Levy." This document is the one to really pay attention to. It defines certain procedural rights the taxpayer has before a levy will issue, including the right to a Collection Due Process Hearing (or CDP). A taxpayer must request a CDP within 30 days of the notice to stop a levy from issuing.
If you have received any of the above notices, time is of the essence. You need to talk to a licensed lawyer in your area who deals with the IRS every day. Call OKC lawyer for taxes, Travis Watkins, at 405-607-1192, before it's too late!