His CPA Botched His Tax Return — And Now the IRS Is Levying Him

What happens when a tax preparer gets your return badly wrong—and the IRS is already trying to collect? In this video, I break down a taxpayer’s situation involving a botched 2021 tax return, cryptocurrency gains and losses that may have been reported incorrectly, roughly $60,000 owed to the IRS, and an active IRS levy. The taxpayer believes correcting the return could reduce the balance by around $40,000, potentially bringing the IRS debt down into the high teens. The problem? The IRS is collecting based on the return currently on file, and amended returns can take a long time to process. I explain why it may make sense to attack the problem from both directions at once: File the amended tax return as quickly as possible Deal with the active IRS levy immediately Consider an installment agreement while the amendment is processing Understand how the payment plan may be adjusted once the IRS corrects the balance Be prepared for the possibility of a Notice of Federal Tax Lien Understand when a federal tax lien withdrawal may eventually be possible I also discuss the important distinction between an actual bank or wage levy and simply receiving a Notice of Intent to Levy. If you owe the IRS or your state at least $10,000 in back taxes, or you have multiple years of unfiled tax returns, you may qualify for a free consultation with Choice Tax Relief. 📞 Call 866-800-0829 🌐 Book a free consultation: https://choicetaxrelief.com/free-tax-... #IRS #TaxDebt #IRSLevy #BackTaxes #TaxRelief #AmendedTaxReturn #CryptoTaxes #InstallmentAgreement