# @loganallec on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=WENt_Yves9c
- **Gondola URL:** https://gondola.cc/posts/69469270-loganallec-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/289fee8517.jpg
- **Posted:** 2026-08-17T06:44:39.000+00:00
- **Account Owner:** Logan Allec (@loganallec) — https://gondola.cc/loganallec

## Caption

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-relief-consultation/

#IRS #TaxDebt #IRSLevy #BackTaxes #TaxRelief #AmendedTaxReturn #CryptoTaxes #InstallmentAgreement

## Stats

- **Views:** 130
- **Likes:** 5
- **Shares:** 0
- **Comments:** 0

## Tags

amendedtaxreturn, irslevy, irs, backtaxes, taxrelief, installmentagreement, cryptotaxes, taxdebt

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