Release of IRS Bank Levy in Orange, CA

What Is a Release of IRS Bank Levy?

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IRS Bank Levies are typically released when you repay your tax debt. Depending on the situation, we can appeal and have the IRS release a levy. If the levy would lead to an extreme economic hardship for you, the IRS may hold off on collecting, but the debt will still exist.

Another common method happens when the IRS contacts your bank and asks them to freeze the available funds in your account for a duration of 30 days. We can help you but you need to call now! The longer you wait, the less likely it is to have a bank levy released.

An IRS bank account levy is when the IRS seized funds straight from your bank account to cover the back tax obligations you owe. Typically, the IRS calls your bank regarding your taxes owed. Next, your bank must freeze your assets for 21 days from the date it gets the IRS notice. As a result, if you do not respond during that time, the bank sends all the funds to the IRS.

An IRS bank levy will only impact the current funds in the account. When your bank activates the bank levy, it will not affect any future deposits. The IRS can release an additional bank levy later on. However, this hardly ever happens.

The bank puts a hold or "freeze on the account" on the funds in the account. This holds true even if it produces checks to be returned as well as overdraft account fees. The bank has to wait 21 days before delivering the funds to the IRS. If the levy is not released during this time, then the next day the funds will be delivered to the IRS.

Usually, this is the last line of defense for the IRS. The IRS only utilizes this enforcement collection strategy after trying to contact you several times without getting a response.

Three Requirements have to typically be met before the IRS will levy:

  • The IRS analyzed the tax and sent you a Notice and Requirement for Repayment
  • You failed or declined to pay the tax
  • You were delivered a Final Notice of Intent to Levy and Notice of Your Right to A Hearing a minimum of one month before the levy.

They could present you this notification in person, leave it at your residence or usual workplace or deliver it to the last known address they have on file, for you by certified mail, return invoice requested.

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For more information about the Release of IRS Bank Levy in Orange, California, contact Tax Alliance at 800.987.3051 or visit our website: TaxAlliance.com to learn more. Let's Resolve Your Tax Debt Today!

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Efficiency through Automation!

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!

Our Money Back Guarantee!

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!

Price Match Guarantee

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.

Call Us