It is the job of the Internal Revenue Service, or IRS, to seek out all eligible taxpayers who owe back or unfiled taxes to the government. No matter how long you've tried to avoid the notices, letters, and phone calls from the IRS, it is inevitable that further action will be taken if you owe large amounts of money in tax debt. One of the ways the IRS chooses to recover tax liabilities from individual citizens and businesses is through a bank account levy.
A bank account levy is an order from the IRS to your bank mandating that funds be released to cover tax debt. From the time the bank receives this notice, your assets will typically be immediately frozen and held for 21 days. At the end of this period of time, your assets will be forcibly taken, with no recourse whatsoever.
Act Immediately Regarding an IRS Bank Account Levy There is no appeals process after the money from your bank account has been taken. It is simply gone forever. For this reason, it is absolutely imperative that you have a tax team on your side immediately after receiving a tax levy on your bank account.
At Premier Tax Resolutions, we will work to suspend the order of levy so that you have access to your money. Further, we will file an Offer in Compromise to negotiate a reasonable settlement amount for your tax debt that you can realistically pay. To learn more about help with bank account levy notices and other forced IRS collections, call us at 1-800-554-0146 or complete our quick online contact form. We will give you a free analysis of your case and let you know what you can expect. If you have any questions, you can also email us at info@premiertaxresolutions.com.
