Leesburg, the seat of Lake County, sits near several large retirement communities — and a lot of clients Tax Debt Relief Group works with here are retirees on Social Security or a fixed pension who are surprised to learn the IRS can still pursue an old tax debt, sometimes even through a Social Security levy. Peter Kici, Enrolled Agent and USMC veteran, helps retirees understand exactly what’s at risk and what isn’t.
What Retirees Need to Know
The IRS can levy a portion of Social Security benefits for unpaid tax debt, which catches many retirees off guard. The good news: there are protections and programs — including Currently Not Collectible status — specifically suited to someone living on a fixed income. Peter reviews your full financial picture before recommending anything.
How We Help Leesburg Retirees and Residents
- Social Security Levy Protection — understanding and addressing what the IRS can and can’t take.
- Currently Not Collectible Status for those on a genuinely fixed income.
- Bank Levy Defense to protect savings and retirement accounts.
- Unfiled Returns — common after a retirement transition with multiple income sources.
- Offer in Compromise and Penalty Abatement where you qualify.
Frequently Asked Questions
Can the IRS really take money from my Social Security check?
Yes, through the Federal Payment Levy Program, the IRS can levy a portion of Social Security benefits. There are ways to stop or limit this, which Peter can walk you through.
I’m on a fixed income — do I have real options?
Yes. Currently Not Collectible status is designed for exactly this situation, and Offer in Compromise may also apply depending on your full financial picture.
My retirement income comes from multiple sources — does that complicate things?
It can add steps, but Peter routinely works through pensions, Social Security, and retirement account withdrawals together to get an accurate picture.
Get Your Free Consultation Today
Your retirement income deserves real protection. If you’re in Leesburg or anywhere in Central Florida, reach out to Tax Debt Relief Group today.
Or schedule your free consultation online. We’ll review your situation and explain exactly what options are available to you — no pressure, no obligation, just clarity.