Tax Liens and Levies: How to Protect Your Assets from the IRS

Episode Summary

In this episode of The Power of Tax Defense Attorneys: Tax Corner, experienced tax attorney Juda Gabaie breaks down the critical differences between federal tax liens and levies, explaining how each enforcement action can affect taxpayers’ lives. He outlines the financial and reputational consequences of liens, the broad powers of IRS levies, and the proactive steps individuals and businesses can take to safeguard their assets.

With real-world examples and practical advice, Juda provides clear strategies to stop active levies, minimize the damage of liens, and protect taxpayers from IRS seizures. Whether you are facing IRS notices or want to understand how to prevent future enforcement actions, this episode offers essential insights to protect your financial security.

Key Timestamps

00:55 – Breaking down the difference between tax liens and levies. 03:02 – How liens damage credit, financing, and business operations. 05:14 – What triggers IRS escalation from notices to levies. 07:00 – Assets and income the IRS can seize through a levy. 09:02 – Options for stopping or reversing levies and addressing liens. 11:10 – Juda’s top advice: why proactive defense is the best shield.

About the Show

The Power of Tax Defense Attorneys: Tax Corner with Juda Gabaie is a podcast dedicated to empowering business owners and individuals in California with expert tax defense strategies. Featuring attorney Juda Gabaie, the show provides insights into navigating IRS penalties, payroll tax compliance, and tax dispute resolution. Through clear explanations and practical advice, the podcast helps listeners protect their finances and avoid costly tax issues.