Watkins Saves Mom And Pop Trucking Company From Full Effect Of Existing IRS Levy
Mr. Watkins negotiated a partial levy release for a small family-owned trucking company in far northwestern Oklahoma this week. The trucking company is deeply in debt for payroll taxes. The company retained our office to stop an existing IRS bank levy and negotiate collection alternatives with an IRS Revenue Officer assigned to the case. The trucking company had about $51,000 frozen in the account on the day the levy hit.
The day after we were retained, we successfully negotiated a release of all but $16,000 of the levy (i.e. a $35,000 savings) with the assigned Revenue Officer. The company had outstanding checks to vendors that would have been returned for insufficient funds, thus effectively killing the company, had the partial release not issued.