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Officials from the National Conference for CPA Practitioners released an update this week on the IRS tax levy program. Tax chair Stephen Mankowski reported that the IRS began sending letters from an automated collection system function in June to those who owed back taxes. The income tax levy program was restarted in July, and this includes tax levy and treasury payments. Additionally, the IRS had commissioned Responsible Officers to continue work on non-filer cases and sending out notices and billing notices. The IRS stressed, however, that their focus is primarily on high-income non-filers.

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What is a Tax Levy?

A tax levy is like a tax lien, but worse. A levy is when the IRS levies a taxpayer, meaning it will contact a third-party holding property belonging to that taxpayer and order that…

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