If you owe back taxes to the IRS and do not take action to pay them, the IRS can levy many sources of income that might be payable to you. If you are an employee and work for someone else, the IRS can issue a wage levy, or garnishment, and force your employer to turn over a portion of your paycheck to them. How embarrassing is that. If you are self-employed, the IRS can levy your commissions, bonuses, 1099 income and accounts receivable, if you have any. In addition, they can levy rental income, retirement income, social security income, stocks, bonds, and mutual funds. They can even go after your retirement and pension fund accounts. This can be devastating. And, to make matters worse, the levy stays in effect until the tax is paid in full, or until the IRS agrees to release the levy. In addition to the levying sources of income, the IRS can levy your property. For example, it can issue a bank levy, which freezes your bank account for 21 days thereby denying you the ability to pay your bills. You have 21 days to resolve the matter with the IRS. If not resolved at the end of that period, then the bank is forced to send the money to the IRS and your bank account is gone. The IRS can seize your car, boat, other personal property and even your home, although that is rare. Nonetheless, a levy ca be financially and emotionally devastating. If you receive a levy notice from the IRS, please call me immediately at, 615-644-3314, so I can begin to deal with the IRS on your behalf and obtain a better settlement for you.