Can a levy actually result in a family of three living on less than $350 a week?
Yes. Levies are extremely painful. If you are ignoring a tax issue, keep in mind that a levy is one of the most common reasons clients come to us. It is much easier and less expensive, if you contact us before you receive a levy. Dont ignore the possibility of a bank or wage levy! The IRS will levy as far back as ten years, and they have teams of specialists who focus on levying old cases.
