IRS Bank Account Levy

It is the responsibility of the Internal Revenue Service (IRS) to keep close watch of all qualified taxpayers who are have tax debts. No matter how much a taxpayer attempts to avoid the notifications, memorandum, and phone calls from the IRS, the consequences are unavoidable, especially when that taxpayer continues his/her delinquency in paying back taxes. If you continue to evade your taxes, expect the worst, like meeting the IRS face-to-face. If it is your first time to encounter this problem, then you will know why a lot of delinquent taxpayers fear the IRS. One of the methods the IRS uses to recover tax charges from individual tax payers and businesses is the issuance of an IRS levy in their bank account.

An IRS bank account levy is an order sent in a form of a notice to your bank giving them the authority to confiscate your finances in order to compensate for your back taxes. When your bank receives the notice of levy, your assets will be frozen right away and will be held for 21 days. What will happen if you do not comply within 21 days? Your earnings will be levied. In other words, your money will be taken away from you and you will be left with no alternative at all.

The IRS account levy is quite stressful because there are no petitions procedure after your account money is confiscated. Due to this dilemma, it is completely vital that you have a tax team beside you who can aid you after you obtain a tax levy on your bank account.

At Premier Tax Resolutions, our tax support team can suspend the order of levy so you can still gain access to your account. Furthermore, we will issue an Offer in Compromise to discuss an evenhanded resolution or amount for the debit in your tax, an amount that you can easily pay. To learn more about assistance with IRS bank account levies and other enforced collections from the agency, call us at 1-800-554-0146 or fill up our online contact form. Our firm will give you a free analysis of your case and help you come up with the best solutions.