IRS Bank Levy & Garnishment Information & Experts
Do you have an IRS bank levy? Do you owe IRS and/or State taxes? IRSBankLevy.com can help! Dealing with an IRS bank levy can be a very difficult and stressful process. We know that negotiations with the IRS during this state of the collection process can be extremely difficult or nearly impossible for the average taxpayer. Our goal is to resolve your tax problems in the most efficient and cost effective manner in order to relieve your stress and anxiety of dealing with the IRS.
You can be assured that you are dealing with qualified tax professionals with superior negotiation skills and in depth knowledge of the IRS inner workings that can obtain a favorable outcome for your unique financial situation, and not what the IRS wants.
Our Professionals Can Help and Represent you with the follow:
|IRS Bank Account Levy||Offer in Compromise|
|Tax Liens||IRS Payment Plans|
|Unfiled Taxes||Wage Garnishment|
|Innocent Spouse Relief||Penalty Abatement|
IRS Bank Levy Information
An IRS bank levy is the legal seizure of funds from a taxpayer's bank account in order to satisfy unpaid tax debt. If you do not pay your taxes, the IRS has the legal right to take your property to satisfy these taxes. A tax levy is the final stop of the collection process. The IRS bank levy is one of the most common forms of levy because by enforcing the IRS bank levies, the IRS can seize funds quickly and easily.
The collection process starts right when the IRS assess taxes owed. The IRS follows a process that will lead up to a levy and possibly a bank levy if that process is not stopped (taxes resolved) along the way. The final notice that the IRS will send before a bank levy a "Final Notice of Intent to Levy and Notice of Your Right to a Hearing". This notice states that you will have 30 days to pay your taxes or come to another resolution method before the IRS will begin the IRS bank levy process. Following the notice the IRS will contact your bank and require them to immediately freeze your account. The bank will be required to wait 22 days before sending funds over to the IRS for seizure. Understand more on how the bank levy process works so you know how much time you have before funds are seized and if the IRS made any errors in the process which may give you the right to appeal the bank levy.
In order to stop or release a bank levy it is important to act fast or it can be too late. There are many different methods you can use in order to release the bank levy. The method you choose should be dependent upon your tax and financial situation. The IRS does not want to levy your bank account, they would much rather resolve taxes in another manner and they do offer quite a few options to taxpayers and do have solutions for every taxpayer for every situation. The only problem with releasing a bank levy is that the IRS has already classified you as an uncooperative taxpayer and may be more hesitant to work with you, for that reason it is a great idea to hire a tax resolution firm to handle the IRS bank levy release situation on your behalf. The IRS will be more willing to work with a tax resolution firm because it shows them you are making a commitment to resolving your tax problem.
You always have the right to appeal a tax levy. When the IRS sends the "Final Notice of Intent to Levy and Notice of Your Right to a Hearing" they state you have 30 days to file for an appeal (hearing), you can file for an appeal within those 30 days or even after. Understand the reasons why you can file for an appeal. An appeal is a great way to stop the tax levy if you do not agree with the filing of the levy. We give many examples as to why you can file for an appeal, find out if you may have a case.
Understand how our services work and how we can stop your bank levy. Bank levies are a stressful process and our goal is to stop your tax levy quickly and efficiently in a cost effective manner. Our tax team is very experienced in handling IRS bank levies and will be able to quickly analyze your tax and financial situation to come up with the best plan of action to resolving your tax problems. We make sure we get you the best outcome for your financial situation and we do not just do what the IRS wants you to do, we keep in mind your financial well being throughout the entire process.