How To Stop An IRS Bank Levy!

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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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