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Does IRS send you a levy immediately after Tax Extension expired?

I own a little over 50K for IRS this year, I'm not ready to pay after October 15 (btw I filed a tax extension and it was accepted by the IRS), so do I get Levy's letter immediately or there is a certain period? 

 

Thanks. 

 

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5 Replies

Does IRS send you a levy immediately after Tax Extension expired?

the extension was only to file your return not pay your taxes. the 50K was due 4/18/2022. it can now issue a demand for payment. failure to pay by the date specified will be followed by a final notice of intent to levy. after waiting 30 days it can levy

 

 

What actions must the Internal Revenue Service take before a levy can be issued?
The IRS will usually levy only after these four requirements are met:

1)The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2)You neglected or refused to pay the tax; and
3)The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy. The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested. Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
4)The IRS sent you advance notification of Third Party Contact notifying you that IRS may contact third parties regarding the determination or collection of your tax liability.

 

 

this takes a while. meanwhile penalties and interest continue to accrue

 

 

Does IRS send you a levy immediately after Tax Extension expired?

In another of your many posts, you said your return filing (not just the extension) was accepted:

Did I do it correctly? (intuit.com)

Does IRS send you a levy immediately after Tax Extension expired?

Good morning, no, my extension is accepted.

Does IRS send you a levy immediately after Tax Extension expired?

@Andolem 

You haven't even filed yet so IRS does not know how much you might owe.

Whatever it is, you will be paying late.

 

Did you estimate your tax due with extension to be $50,000?

If no, and you paid nothing or very little with the request, IRS reserves the right to void your extension when it does see your tax return.

Does IRS send you a levy immediately after Tax Extension expired?

If you have a medical excuse you can request an abatement of penalties.

You will still owe the interest and the tax itself.

you can request an installment payment plan.

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