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An IRS bank levy occurs when the IRS puts a hold, or freezes your bank account. The levy is done in order to take funds in your bank account to pay off back taxes that you may owe. When the freeze is put into place, you have 21 days until the bank hands over those funds to the IRS.
If you ignore your tax levy, the IRS or the State tax collections agency could freeze all your bank accounts and investments. Even joint accounts and business accounts can be systematically frozen.
After that the tax collectors will begin withdrawing funds. If your accounts don't have enough money in them to cover that tax issue, your creditors could start to draw funds from direct deposits until your taxes are paid.
The IRS can also move to garnish your wages, restrict your air travel, and confiscate your property, including your cars, home, and even your business.
Getting professional assistance as soon as you receive a notification of a bank levy can avoid these issues and help you get rid of your tax problems faster. We can provide you with expert guidance based on years of experience working with complicated bank levy matters.
With an experienced tax professional on your side, you might be able to significantly lower your tax issue burden and settle your tax issues for less than you thought possible.
Because of advancements in our technology, we are able to communicate with the IRS electronically, its as if we are in the same office! Faster service and more cost effective!
If you are not happy with our tax services within the initial 21 days, we will give you a 100% refund of services rendered, no questions asked!
You find it, we will match it! Tax Alliance will match and beat (by 10%) any competitive offer. Contact our office today and receive a free no obligation tax consultation.
Because of advancements in our technology, we are able to communicate with the IRS electronically, its as if we are in the same office! Faster service and more cost effective!
If you are not happy with our tax services within the initial 21 days, we will give you a 100% refund of services rendered, no questions asked! We help our clients nationwide!
You find it, we will match it! Tax Alliance will match and beat (by 10%) any competitive offer. Contact our office today and receive a free no obligation tax consultation.
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