I got a notice of intent to levy under section 6331(d) because I owe $950 from last year and the year before. Are they really going to go through with it? I’ve been paying what I can when I have the money.
Can the IRS actually go after your wages or bank account for $950?
Yes, they can.
Will they? Probably not.
Did you set up an official payment plan before this?
Blake said:
Can the IRS actually go after your wages or bank account for $950?
Yes, they can.
Will they? Probably not.
Did you set up an official payment plan before this?
I just set up a 180-day payment plan to clear this up by May. I didn’t have anything formal before.
@Darwin
Good move.
A few things to know, just in case the plan wasn’t clear:
If you’re expecting a refund next year, it will go toward your balance automatically.
If you owe more next year, you’ll need to pay that off completely or it could mess up your current agreement.
@Blake
I’m a bit confused about that second point. If I owe more next year, do I have until April to pay it off? What happens if I don’t?
Darwin said:
@Blake
I’m a bit confused about that second point. If I owe more next year, do I have until April to pay it off? What happens if I don’t?
If you owe for 2024, you need to pay it off by April 15 when you file. After that, your current agreement could be canceled, and you’ll need to set up a new one for both years.
Darwin said:
@Blake
Got it, thanks!
If your current plan gets canceled, you’ll need to start a new one. You can set it up online through Online payment agreement application | Internal Revenue Service. It’s usually the easiest way to handle it.
Wait, are you on an actual payment plan with the IRS? Do you have an accountant helping you? We usually respond to these notices for our clients and request a freeze while they figure things out. You can also call the number on the notice yourself.
@Kelby
Sounds like this:
> paying what I can when I can
Which means there wasn’t a real payment plan before. Just random payments here and there.
/u/numbah3goblin, this notice is a big step in the process. The IRS has probably reached out multiple times already. You need to act on this now before it gets worse.
@Kelby
I just set up a 180-day payment plan to pay this off with some interest by May. I didn’t have a plan before.
Darwin said:
@Kelby
I just set up a 180-day payment plan to pay this off with some interest by May. I didn’t have a plan before.
Good job! Stick to it, and soon the IRS will stop bothering you. That’s what everyone wants. 
Darwin said:
@Kelby
I just set up a 180-day payment plan to pay this off with some interest by May. I didn’t have a plan before.
If you can, set up an installment agreement. It gives you up to 72 months to pay. There’s a small fee to set it up, depending on the method you choose. Just make sure you don’t miss any payments, or the plan can be canceled.
The new administration is stepping up tax collections.