An IRS Levy Can Be Lifted Fast
If you’ve received a bank levy, banks will generally remit the funds to the taxing authority after thirty days, and will only release funds back to your account if the IRS or State advises them to. The IRS or State has issued a bank levy because you have avoided paying your tax obligation. They have sent notices, made phone calls, and have given you ample warning that the next step they will take is to begin seizing assets. Because their letters and demands have been ignored, they have gone into your bank account and taken as much as possible to satisfy the tax debt.
The IRS Levy Process
Whats the next step?
The first step towards successful resolution is to acknowledge that your Bank Levy won’t go away on it’s own and to seek professional assistance. Our firm of tax professionals has helped thousands of individuals and businesses just like you stop forced collections and finally resolve their tax debt.