*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*
Welcome to JustAnswer,My name isXXXXX shall do whatever I possibly can to provide you with helpful information about the law. Please keep in mind that, although I am an attorney, I am prohibited from giving customers of the site legal advice or forming an attorney-client relationship on this forum. If at any time the information which I provide is not clear to you or does not fully answer your question, please ask me for clarification by using the reply button.
Is the tax levy against your business or against you personally
I am a sole propriortor DBA my name
You may want to consider a chapter 11 bankruptcy.
a chapter 11 bankruptcy would stop further tax levies and allow you to pay the tax over a five-year period
So I would be able to collect income would it allow me to keep my car
yes it typically would
Do I notify them that I would be doing that right now
absolutely not – that would cause them to immediately seize your car and any other assets you may have. You need to immediately retain counsel to file your Chapter 11. Once the Chapter 11 is filed the IRS will not be able to seize any further assets
Have I answered your question?
It has been my pleasure to provide you with legal information.Please let me know if I can assist you in the future by starting your new question with "For WebLaw"
Please remember to click accept
what about chapter 7?
It kooks as though my resonse was delayed for some reason. Is there anything I can do to keep them from taking every penny right now? As I said I have no money for food or gas let alone paying rent. If I do Chapter 11 do they set up a 5 year payment plan for all bills I owe?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).