Course Category: Levy

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OIC 127: Levy Affected by OIC

Levy Affected by OIC. Taxpayers are not protected from the IRS collection apparatus while contemplating or completing an Offer in Compromise application.  Similarly, taxpayers are not automatically protected from levy by submitting an Offer in Compromise application.  “Submission of an Offer in Compromise does not automatically stay collection of an…

IA 102: Levy Protection with Installment Agreements

Levy Protection Afforded by Installment Agreements. Installment agreements are employed to shield taxpayers from the IRS’ dreaded levy apparatus while paying back-taxes through a systematic repayment plan.  The IRS’ most lethal collection weapon is the feared LEVY.  The IRS uses the levy as a sword against taxpayers by seizing taxpayers’ money…