Download - How To Stop An IRS Bank Levy
How To Stop An IRS Bank Levy!
www.longislandtaxresolution.com
Call us at: 631-244-1650
Call us: 631-244-1650What Is an IRS Bank Levy?
• IRS uses the bank levy to collect back
taxes owed.
• It is the preferred IRS tax levy method.
• The IRS will levy the following types of
bank accounts.
Call us: 631-244-1650• Checking, savings, money market and
certificates of deposit.
• Taxpayer needs to respond within 21
days.
• If not, IRS will ask the bank to release
the levied funds.
Call us: 631-244-1650
The 5 Steps Leading To an IRS Bank Levy!
• IRS discovers the taxpayer owes back
taxes.
• IRS then issues a series of notices
demanding payment.
• IRS then sends a Final Notice of Intent
to Levy if taxpayer ignores the first
notice.
Call us: 631-244-1650
• Taxpayer then has 30 days to respond.
• If the taxpayer ignores the Final Notice
of Intent to Levy
• IRS then assesses the taxpayer’s
finances.
Call us: 631-244-1650
• The IRS issues the bank levy if enough
funds are in the taxpayer’s account.
• If enough funds are not in the taxpayer’s
bank account
• IRS considers using a wage garnishment,
an alternate form of tax levy.
IRS Contacts The Taxpayer’s Bank For Funds
Call us: 631-244-1650How to Stop an IRS Bank Levy!
• Act quickly, once the IRS launches a bank levy.
• IRS works with the taxpayer to help
resolve the tax problem.
• First, file any unfiled tax returns.
Call us: 631-244-1650• Consider solutions such as an
installment agreement, offer in
compromise.
• The taxpayer can also appeal the
bank levy.
• “Final Notice of Intent to Levy and
Notice of Your Right to a Hearing".
Call us: 631-244-1650
Seek The Advice of Tax Resolution Specialist
• Work with a tax resolution specialist to
solve any tax problems.
• Such as a bank levy.
Call us: 631-244-1650
• IRS views this step by the taxpayer to
resolve the tax problem.
• Choose the right solution for their specific
tax problem.
• An expert has the experience necessary to
help the taxpayer.
Call us: 631-244-1650
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