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Bank Levy Tax Lien Resources Hockessin DE

A payroll tax lien is used by the IRS to secure the payment of overdue payroll taxes. A bank levy is the actual seizure of money to pay them. Get both a bank levy and payroll tax and you have a major problem.

Keith Al-Chokhachy, Certified Financial Planner(tm)
2751 Centerville Road
Wilmington, DE
Company
Title: Certified Financial Planner"
Company: Morgan Stanley Smith Barney
Years Experience
Years Experience: 8
Service
Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rol

Data Provided by:
Bill Curry
1521 Concord Pike
Wilmington, DE
Company
Company: Curry Poole Group, LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
BS
MBA
JD
Years Experience
Years Experience: 42
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Man

Data Provided by:
Brian K. Lureen (RFC®), CHFC, CLU
(610) 889-2066
5 Great Valley Pkwy Ste 334
Malvern, PA
Company
Heritage Advisory Services, Inc.
Qualifications
Education: BS
Years of Experience: 21
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
H&R Block
(302) 656-7212
106 S UNION ST
WILMINGTON, DE

Data Provided by:
Eller Tax Service
(302) 656-4787
2303 Lancaster Ave
Wilmington, DE
 
Joan L. Sharp (RFC®), CFP, CHFC, MSFS
(302) 324-5363
42 Reads Way
New Castle, DE
Company
Life Strategies, LLC
Qualifications
Education: BAMSFS
Years of Experience: 8
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Retirement Planning, Tax Planning, Charitable Planning, Asset Protection, Compensation Plans

Data Provided by:
Frank M. Levy (RFC®), CHFC, CLU
(302) 765-3500
205 Philadelphia Pike
Wilmington, DE
Company
Diversified Financial Consultants
Qualifications
Years of Experience: 34
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Asset Protection, Compensation Plans

Data Provided by:
H&R Block
(302) 999-8100
2407 KIRKWOOD HWY
WILMINGTON, DE

Data Provided by:
Eller Michael Income Tax Service
(302) 652-5916
724 N Union St
Wilmington, DE
 
Globe Income Tax Service
(302) 998-2256
2116 Kirkwood Hwy
Wilmington, DE
 
Data Provided by:

Bank Levy Tax Lien Resources

Bank Levy - Payroll Tax Lien

A payroll tax lien is used by the IRS to secure the payment of overdue payroll taxes. A bank levy is the actual seizure of money to pay them. Get both a bank levy and payroll tax and you have a major problem.

Imagine the worst possible tax nightmare involving your personal taxes. Now multiply the misery by 100 times. The result will give you an idea of payroll tax problems with the IRS. It simply doesn't get any worse. Not remotely.

The IRS takes a very aggressive stance when it comes to payroll tax. The reason for this is the IRS views the payroll tax as partially being "owned" by the employees of a business. When an employer fails to pay payroll taxes, the IRS takes the view the business has stolen the money. Yes, we are talking criminal theft and all that implies. In a best case scenario, the IRS will workout a payment plan with employers. In worse case scenarios, the IRS will seize your assets, liquidate the business and pursue criminal charges. Whatever you do, make every effort to deposit payroll taxes in a timely matter.

If you miss payroll tax deposits, the IRS will come for you quickly and with a very bad attitude. You can expect a bank levy to be filed on the business bank accounts. In such a situation, the bank will be forced to freeze the accounts and forward all amounts not exceeding the tax owed to the IRS within 21 days. Put another way, the minute the levy hits the bank account, you can kiss the money goodbye. The IRS will typically renew the levy on a daily basis until the money is paid.

A bank levy from a payroll tax lien should scare the living day lights out of you. When one occurs, you should expect the IRS to raid your business within a matter of days. Come hell or high water, the IRS intends to collect the missing payroll tax and you are going to experience misery unlike anything you can imagine.

Making matters worse, the IRS does not just attack the business with a bank levy when trying to collect ...

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