IRS Levy on Bank Account

Here’s an important lesson: don’t ignore your tax debts if you do not want your bank account to become a prey in the eyes of your creditors in the Internal Revenue Service. There are several ways the agency can do to make you compensate for your back taxes.

One of the most common methods of imposed collection is the IRS levy on bank account. This tax collecting method has a date due process before your account is levied. Don’t wait for this to happen. A levy on your wage or salary may be a bit tedious, but a levy on bank account is definitely a big problem on your part because your savings will be frozen.

You may ask the IRS to review the case and you can even submit a request to the Office of Appeals for the IRS officer listed in the notice. This request filing should be done within 30 days of the receipt of the notice on the IRS levy. When the IRS levies your bank account, the bank holds the funds in deposit for 21 days. This time is given as the leisure period to solve your current tax problem. After the leisure period, the bank forwards the money to the Internal Revenue Service along with the interest. The moment you are marked with a notice for an IRS levy on bank account, you should contact Premier Tax Resolutions.

At Premier Tax Resolutions, we do a quick assessment of your tax and financial state to come up with the best compromise method. Our team will plot out ways to put a halt to the IRS levy on bank account or better yet, the releasing of that levy. Hiring us will also give you the advantage of a proper meeting with your creditors. For 60 years, we have served our clients and creditors not only a win-win compromise, but also the opportunity for clients to resolve their back taxes.

Premier Tax Resolutions is not only revered by numerous satisfied clients but has also earned the respect of Internal Revenue Service due to our resolutions rooted from long experience and comprehensive knowledge of the laws that govern our taxes. From IRS levy on bank accounts to tax liens, we can handle them. Feel free to ask us for a complimentary consultation by calling us at 1.800.554.0146 (toll free).