In order to satisfy an IRS tax debt, the IRS may seize or collect back taxes from a taxpayer’s bank account leaving them unable to pay their bills. If all notices are ignored by the taxpayer, the IRS will start Enforced Collection. Before the IRS may levy your bank account, it must first send your bank a “Notice of Levy” informing them that you owe back taxes. The employer is required to freeze all money in your accounts and will hold these funds for 21 days. If payment is not made within this time and no tax resolution offered, the bank must remit the funds to the IRS.
To avoid a bank levy by the IRS, IRS tax attorneys will assess your financial situation and devise a plan to find the best tax solution for you by either settling your tax debt through the IRS Offer in Compromise Program or by negotiating an affordable payment plan. It is crucial that your bank levy is properly released by an experienced Orange County tax attorney to avoid seizure of your bank account. Please call for a no-cost tax attorney consultation at (619) 639-3336. We look forward to helping you.
Back Taxes – Unfiled Returns
Payroll Tax Debt Relief
IRS Tax Lien, Tax Levy and Lien Subordination
New York Tax Problems
Maryland Tax Problems
IRS BANK LEVY HELP IN ORANGE COUNTY, CARLSBAD, DEL MAR, SOLANA BEACH, ENCINITAS, RANCHO BERNARDO, ESCONDIDO, OCEANSIDE, AND CHULA VISTA