Levies involve taking away intangible assets like money from your checking account, for example. A seizure is the taking of physical assets like your house or car – even your jewelry. This usually occurs when an individual ignores requests from the IRS over a long period of time.
It’s important to take IRS seizures seriously. The IRS can pursue seizures of your physical assets. Then they can sell your assets in an IRS auction, usually at half the assets value because they want to sell quickly. The IRS can seize your home, cars, boats, jewelry, motorcycles, insurance policies, your retirement funds – just to name a few.
Our tax resolution firm is based in Will County and works with individuals and businesses throughout Ilinois. CTS is here to help you resolve your tax troubles.
Some of our tax debt services include:
Get Your IRS File
We can assist you in obtaining a copy of your IRS file and analyze possible options to help get rid of your tax dilemmas.
Offer in Compromise
Our Illinois tax resolution experts can help you settle an agreement with the IRS to lower your tax debt for less than what is currently owed.
Innocent Spouse Relief
If you are a victim of tax fraud (caused by your current spouse or ex-spouse), you may qualify for innocent spouse relief.
IRS Payment Plan
A payment plan might be the best option if you don’t qualify for the Offer in Compromise Program. This involves an installment agreement plan between you and the IRS.
Filing for bankruptcy may wipe out back taxes, interest, and/or penalties, which might aid in eliminating your tax troubles.
If you’ve received a notice from the IRS, you need to act right away. Call us toll free at (855) 829-3497. We handle tax debt resolution throughout the state of Illinois.