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IRS Just Sent Me a Form 668A – What Do I Do?

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IRS Just Sent Me a Form 668A – What Do I Do?

 

The IRS has a series of Levy/Lien forms, each has its own level on the stress gauge. Check out the links to learn more:

 

Form 668A (IRS 668a, 668a, 668-A, Notice 668A)  is the IRS Notice of Levy on Accounts Receivable, Bank or a Financial Institution.  This form is to inform you of a bank or financial institution levy, or the garnishment of accounts received from one or more vendors.

IRS Form 668-A is governed under IRM 5.11.2.  You received IRS Form 668A because you have an unpaid IRS tax debt. No arrangement was made to resolve the IRS back taxes debt, as a result, the IRS has taken collection enforcement action and levied your account. This form is to notify you that a levy was sent to your bank, other financial institution, or business clients. The party(s) receiving this levy is obligated to take monies owed to you and pay the monies to the IRS up to the amount listed on the form as an outstanding liability.

NOTE:  The IS NOT a continuous levy.  The amount that will be taken is a ONE TIME amount available in the account, up to the amount listed on the Form 668A as an outstanding liability

 

 

What is my first step?

If you received a letter or notice, a decision must be made. Do you feel confident to handle this situation on your own? If it is a simple issue and you already know the answer, call, or write them. If the issue is more complicated, you need to hire a Certified Tax Resolution Specialist. The IRS or State will take full advantage of your lack of knowledge and experience.

What is Your Next Step?

The next step is to determine if the notice was sent in error. Do you have an outstanding tax liability? Do you have unfiled or incomplete returns?

Is There a Time Limit?

Yes, each letter or notice from the IRS or State will indicate a date that you MUST contact them by. If you need more time, call the number on the notice or letter, and request an extension. DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.

What You Don’t Want to Do!

What you don’t want to do is nothing. Your tax problems will only get worse if you ignore them. If you cannot pay, there are a number of potential solutions available to those who are otherwise in compliance. In compliance means having all tax returns filed and any balances paid or on a payment plan. If you have outstanding debts or unfiled returns, you need to get hire a Certified Tax Resolution Specialist.

Get Some Help

If you don’t know how to address the issue(s), have unfiled returns/unpaid balances or just done feel confident, let the experts at Legacy Tax & Resolution Services represent you. Work with our team of Certified Tax Resolution Specialists to resolve your issue(s) quickly. Best of all, you don’t have to talk to the IRS or State; we can speak on your behalf.

Stop the stress and resolve your problems Call 800-829-7483 TODAY

 

Download our Special Report “ I Just Received an IRS Notice, What Do I Need To Know?”

In it you will find next steps, dos and don’ts and information about your options

 

 

 

 

 

 

 

 

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Stop the stress and resolve your problems!

 

Call 800-829-7483 for a FREE Consultation

 

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Ask a Question via e-mail

 

Also See

Can I Go To Jail For Owing Taxes?

Why Shouldn’t I Just Use my Own CPA or Attorney to Help Me With This Tax Problem?

What is an Offer in Compromise in a nutshell?

I have Let This Get Out of Control. How Soon Could You Start Working On My Behalf?

How are you compensated?

Several Tax Resolution Companies have called Me! Why Should I Hire Legacy Tax % Resolution Services?

Do I Need Local Tax Representation?

How Do I Know If My Situation Qualifies to Have my Tax Bill Reduced?

How Long Does the IRS Have to Collect Back Taxes From Me?

I Have a Deadline With the IRS (or State) Right Around the Corner. Is It Too Late for Legacy Tax & Resolution Services to Help?

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