Taxpayers Challenging a Levy Now
Have More Time
to tax reform legislation enacted in December, individuals and
businesses now have two years to file an administrative claim
or bring a civil action for wrongful levy or seizure.
The Prior to tax reform the limit was nine months. Here are
five facts about levies
and the extension of time to file a claim or civil action:
An IRS levy permits the legal seizure and sale of property to
satisfy a tax debt. For purposes of a levy, the term
"property" includes wages, money in bank or other financial
accounts, vehicles and real estate.
The time frames apply when the IRS has already sold the
property it levied. Taxpayers can make an administrative claim
for return of their property within two years of the date of
If an administrative claim is made within the extended
two-year period, the two-year period for bringing suit is
extended for one of two periods, whichever is shorter:
- Twelve months from the date the person filed the claim.
- Six months from the date the IRS disallowed the claim.
The change in law applies to levies made before, on or after
December 22, 2017, as long as the previous nine-month period
hadn't yet expired.
Anyone who receives an IRS bill titled, Final Notice of Intent
to Levy and Notice of Your Right to A Hearing, should
immediately contact the IRS. By doing so, a taxpayer may be
able to make arrangements to pay the liability, instead of
having the IRS proceed with the levy.
Questions about IRS levies? Help is just a phone call away.
QUESTIONS About Levies
If you have any questions about levies or extensions, don't
hesitate to call. Help is just a phone call away at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or check us out at our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,