The IRS released data for 2019 with a few interesting numbers related to enforcement actions and audits. We will review and compare the number of tax liens, tax levies, and audits in 2019 as compared to previous years.
Tax Liens Increase by 33%
When an individual or business has a tax bill that does not get paid, the IRS eventually will file a tax lien. The IRS will file a federal tax lien as a claim against the taxpayer’s property. The lien protects the federal government’s interest in all the taxpayer’s property, including personal property, real estate, and financial assets.
In 2019, the IRS filed 543,604 tax liens. In 2018, the IRS filed 410,220 tax liens. This represented a 33% increase from the number of tax liens filed in 2018.
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Tax Levies Increase by 22%
After a taxpayer fails to pay a tax balance or set up an agreement with the IRS to pay off taxes owed, the IRS can issue a tax levy. A tax levy results in the IRS attempting to seize the taxpayer’s property. Some examples of tax levies include wage garnishment, 1099 levies, bank levies, seizure of your tax refund, seizure of personal vehicles, real estate, and more.
In 2019, the number of tax levies issued by the IRS totaled 785,963. As a result of this increase, tax levies increased by 22% over the 2018 figure of 639,300.
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If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company that can help you get the max refund and reduce your chances for an IRS AUDIT.
Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.
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