There are several ways the IRS can issue tax levies on your property, such as on wages, bank accounts, or retirement accounts. If you’re facing a tax levy in Oregon, you might wonder how to get it lifted. Fortunately, The Law Office of Jason Carr, PLLC offers several effective strategies to potentially regain control of your property. Here are our four best methods to get your tax levy lifted:
Submit an Offer in Compromise
If you’ve been issued a tax levy and you cannot pay your tax debt, you can submit an IRS Form 656 to make an offer in compromise. This agreement allows you to settle your debt for less than the full amount owed. You can choose to pay 20% upfront and then pay the remaining balance in fewer than five installments, or you can opt to make periodic payments until the balance is fully paid.
Appeal Your Case
If you disagree with the IRS’ decision to issue a tax levy and believe you have a strong argument, you can file an appeal. Arrange a Collection Due Process (CDP) hearing upon receiving your tax levy notice to go through the tax resolution process. The Law Office of Jason Carr, PLLC can help guide you through this appeal process in Oregon.
Make a Case for Economic Hardship
If a tax levy has caused serious financial hardship for your family, you are entitled to petition to have the levy lifted. You can explain your situation to the IRS, and they may offer a payment plan or other alternatives. Our team can assist you in presenting a compelling case to the IRS, highlighting the economic difficulties caused by the levy.
Apply for Innocent Spouse Relief
If the tax levy is based on errors or income that was mistakenly excluded from your return due to your spouse’s actions, you may qualify for innocent spouse relief. This relief is applicable if your spouse omitted information without your knowledge, or if you were unaware of the tax issue. Our experienced attorneys can help you navigate this process and potentially lift the levy on your property in Oregon.
Lifting a tax levy is challenging, and the process can seem daunting due to the complexities involved. However, with the right legal assistance from The Law Office of Jason Carr, PLLC, and by thoroughly exploring your options, you may successfully resolve your tax issues. Contact us today for a professional consultation about your tax issues.
