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Who has the power to levy taxes?

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; . . .

Can you negotiate a tax levy?

You can stop a tax levy by negotiating with the California FTB on settling your tax debt. Settling enables you to pay your tax debt for a lesser amount. It is best to work with a tax professional or attorney to negotiate a settlement that will satisfy the California FTB based on your financial situation.

Can I get levied money back?

If you act quickly, you may be able to get some or all of the money back. You have only 10 days from the date of the levy to file a claim of exemption (plus 5 days if the notice was sent by mail) with the sheriff. You must show that the funds taken came from a source of income that is exempt from collection.

Can a tax levy be reversed?

The IRS can also release a levy if it determines that the levy is causing an immediate economic hardship. If the IRS denies your request to release the levy, you may appeal this decision. You may appeal before or after the IRS places a levy on your wages, bank account, or other property.

How do I get the IRS to release a levy?

Contact the IRS at the telephone number on the levy or correspondence immediately and explain your financial situation. If the levy on your wages is creating an immediate economic hardship, the levy must be released.

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