The IRS Can Seize Your Assets — Act Now Before It's Too Late

Bank levies, wage garnishments, and asset seizures can happen with little warning. Woodside Tax Resolution moves fast to intervene, stop collections, and protect what you've worked hard to build.

Confidential • No Obligation • Fast Response

Know the Difference

Lien vs. Levy: What the IRS Can Actually Take

Many taxpayers confuse a tax lien with a tax levy — but the difference is critical. A lien is a legal claim against your property. A levy is the actual seizure of that property. Once the IRS issues a levy, they have the legal authority to take money directly from your bank account, garnish your wages, and seize physical assets.

Assets the IRS Can Seize

• Bank accounts and savings
• Wages and salary (wage garnishment)
• Social Security benefits
• Real estate and rental property
• Vehicles and personal property
• Retirement accounts (401k, IRA)
• Business assets and accounts receivable

The IRS Collection Timeline

The IRS typically sends multiple notices before issuing a levy. The final notice — CP504 or Letter 1058 — is your last chance to request a Collection Due Process (CDP) hearing before enforcement begins. Once that window passes, the IRS can move quickly. If you've received any IRS collection notice, do not wait.

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Our Intervention Tactics

How Woodside Stops IRS Levies and Seizures

Time is the most critical factor when facing IRS collection action. Our team deploys a range of proven legal strategies to halt levies, recover seized funds, and put you back in control of your financial future.

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Collection Due Process Hearing

Filing a CDP hearing request immediately halts IRS collection action and gives you the right to challenge the levy. This is your most powerful immediate weapon — and it has strict deadlines.

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Installment Agreement

Negotiating an IRS installment agreement puts you on a structured payment plan. Once accepted, the IRS suspends active levy and seizure activity while the agreement is in force.

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Currently Not Collectible Status

If you cannot afford to pay your tax debt without financial hardship, we can petition the IRS to classify your account as Currently Not Collectible (CNC). This legally suspends all collection activity, including levies, until your situation changes.

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Offer in Compromise

An Offer in Compromise allows qualifying taxpayers to settle their tax debt for less than the full amount owed. Submitting an OIC also halts IRS collection during the review period — providing immediate relief.

Common Questions

Levy & Seizure: Your Questions Answered

Facing IRS collection action raises urgent questions. Here are clear answers to the questions we hear most often from taxpayers in your situation.

  • Can the IRS really take my house?

    Yes — in serious cases, the IRS can seize and sell real estate to satisfy a tax debt. However, this is relatively rare and requires significant procedural steps. The IRS must obtain court approval to seize a primary residence, which gives taxpayers a critical window to negotiate a resolution. Acting before enforcement begins is essential.

  • How do I stop a bank levy once it has started?

    Once a bank levy is issued, the bank holds your funds for 21 days before sending them to the IRS. This 21-day window is your opportunity to negotiate — contact Woodside Tax Resolution immediately. We may be able to release the levy by establishing an installment agreement, proving financial hardship, or filing a CDP hearing request.

  • What is Currently Not Collectible (CNC) status?

    Currently Not Collectible status is a formal IRS designation that suspends all active collection activity — including levies, garnishments, and seizures — when the IRS determines you cannot pay your tax debt without causing financial hardship. CNC status is temporary; the IRS will periodically review your financial situation. Our team handles the documentation and negotiations to qualify you for this protection.

  • How quickly can Woodside respond to an IRS levy notice?

    We treat levy situations as emergencies. Upon receiving your information, our team can typically begin contacting the IRS on your behalf within one business day. The sooner you reach out, the more options we have available to protect your assets.

  • Will the IRS take my retirement account?

    Yes — the IRS can levy retirement accounts including 401(k)s and IRAs. Unlike employer-sponsored levies that only take a portion, an IRS levy on a retirement account can drain the entire balance. This is one of the most damaging collection actions the IRS can take, and it's critical to act before this happens.

Don't Wait — Act Today

Received an IRS Levy Notice? Every Hour Counts.

IRS levies can drain your bank account, strip your paycheck, and seize the assets you've spent years building — and they move fast. Woodside Tax Resolution acts immediately to stop collections, protect your property, and negotiate on your behalf. The earlier you call, the more we can do.

We offer a free, confidential consultation with no obligation. Our team will review your situation and outline exactly what options are available to you.

Confidential • No Obligation • IRS Specialists Standing By