Can the IRS levy my corporate account or go after my LLC or corporation?

The IRS cannot seize bank accounts or assets of a corporate entity in order to collect a personal tax liability unless:

[A] It is first established that the citizen possess an ownership interest in favor of the assets of the corporate entity;


[B] The IRS obtains a charging order.

However, the IRS can intercept income paid from the corporate entity to the responsible individual. This raises an interesting and much more involved discussion of how to legally use corporate entities to shield assets and income from creditors, including the IRS. Feel free to contact us on this subject.  

You may gain a better understanding of how to protect your assets and solve your tax problem by calling us for a free tax analysis. Or get the Faith Firm free book The Truth about Tax Settlement and Alternative Tax Solutions.