IRS Bank Levy

If you have received an IRS bank levy, everything probably looks gloomy and hopeless. What you need to do is talk to our tax experts for help in getting an IRS release of levy. This will of course entail us looking at the circumstances that led to the IRS bank account levy in the first place, and we will work with that to come up with a release solution.

Before issuing an IRS levy on bank account, the IRS will give you the chance to settle your tax debts, often through notices.

You know you are at risk of receiving an IRS bank levy if you receive a final notice, indicating intent to levy. You have 30 days from the date of this notice to take action and stop the IRS bank account levy. The actual seizing of funds from your bank account will happen after 51 days but account freezing happens after 30 days. Our tax professionals are here to help you when an IRS bank levy problem arises, and see to it that you do not lose your funds to the IRS.

If your account has enough funds to clear the tax debt, the IRS bank levy given will be for seizing the amount that settles the debt owed. If the funds are less, the IRS bank levy will be reissued on regular basis, until the entire debt amount is settled. The most agonizing thing for you will be that you will not know that the IRS release of levy on bank account has been implemented, because nobody will send you a reminder. The IRS contacts your bank directly, directing them to freeze your accounts and the bank is not obligated to notify you.

Contact us immediately and we will take measures to stop the IRS levy on bank account. Remember that once the IRS bank levy takes effect, you have no hopes of ever getting it back. Thankfully, they are flexible and willing to reach a settlement agreement with you, if you respond to the IRS bank levy notice in time. This is where our tax attorneys come in. They have experience handling different IRS release on levy
options and will help you choose the most suitable one for your case.
The IRS bank account levy can be stopped if you pay the full amount. This includes all penalties and interests charged. We will negotiate for a reasonable repayment timeframe for you so that you are not financially crippled. We also offer advice on ways through which you can raise the needed money to lift the IRS levy on bank account.

Other options we can use to have the IRS release of levy lifted are partial payment agreement, installment agreement, offer in compromise, and a Currently Not Collectible declaration. It is also possible to have the IRS bank levy stopped using other means, such as posting a bond, appealing the bank levy and letting the Statute of Limitations expire. If you file joint tax returns, we can help you plea for Innocent Spouse Relief which liberates you from any tax liability.

Get in touch with us today and save yourself from the crippling effects of an IRS bank levy. Contact us via phone or email for speedy help with the IRS release on levy.