FEDERAL TAX LEVY WINTER GARDEN

Imagine going to pay your suppliers and finding that your business account has been frozen. For a small shop or restaurant in Winter Garden, a federal tax levy can quickly become an emergency.

What the IRS can reach

A levy can apply to bank accounts, wages, money your customers owe you and other assets. It is more than a warning. It is the actual taking of property to pay a tax debt.

Time matters

• A final notice generally gives you 30 days to request a hearing
• Banks generally hold levied funds for 21 days before sending them to the IRS

Possible next steps

Depending on your situation, you may be able to seek a release through a payment arrangement or by showing hardship. Call us as soon as you receive a notice. With your authorization, we can contact the IRS and discuss your options.

Ready to talk? Call 407-720-7220 or send us a message to make an appointment. Fajardo & Associates serves Winter Garden from our Orlando office at 7380 W. Sand Lake Road, Suite 500.