Procedurally Taxing: Can IRS Levy Reach Future Rent Payments (September 28, 2021)

Leslie Book, Professor of Law at the Villanova University Charles Widger School of Law, has made available for download her article, “Can IRS Levy Reach Future Rent Payments?” published on the Procedurally Taxing blog. The article begins as follows:

relatively brief CCA issued this month discusses the IRS’s ability to levy on the right to receive rent payments beyond the date of the levy. The CCA explores the rationale as to why a single levy may have continuous legal effect that will extent to the right to receive future payments, a topic I discussed recently in Levy on Social Security Benefits: IRS Taking Payments Beyond Ten Years of Assessment Still Timely. It also explores whether the IRS is required to use a Form 668-A to effectuate the levy, as it appears that an IRS employee had arguably mistakenly served a Form 668-W. Form 668-W is typically associated with continuous wage levies.

To see the full article, click here: “Can IRS Levy Reach Future Rent Payments?”

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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