How To Stop An IRS Levy When the IRS is about to levy your assets, you should look for any possible opportunities to stop or delay the levy. Once the levy happens, it’s very difficult to get that property back, but there are several ways to stop a levy before it takes place. Consider any of these 5 ways to stop an IRS levy and consult a tax attorney to determine which strategy works best for your situation. 1.) Pay In Full You can stop all IRS collection actions by paying your outstanding tax debt in full, including your back taxes, penalties, and interest. If you don’t have the money on hand, you may be able to sell some assets, borrow against your home, or borrow the money from friends and family. 2.) Request A Payment Plan The IRS won’t levy your assets if you are making monthly payments as part of an installment agreement. You’ll also be required to file all required tax returns and pay all current tax obligations, such as estimated tax payments. As a bonus, the IRS will generally delay a pending levy while they are considering your installment agreement request.