IRS Bank Levy Relief: What to Do

IRS Bank Levy Relief: What to Do

IRS Bank Levy Relief: What to Do You just got a letter from the IRS saying it has contacted your bank to take money from your account. Or maybe you went in to do some banking and the bank told you that your account has been frozen by the IRS. What has happened? The...
How Long Does a Bank Levy Last?

How Long Does a Bank Levy Last?

How Long Does a Bank Levy Last? A levy is a way for the IRS to force collection of the amount of tax you owe. The IRS can put a levy against anything you own that is held by someone else. This can mean your business accounts receivable, your wages, a state tax refund,...
What is a Bank Levy?

What is a Bank Levy?

What is a Bank Levy? So, you owe tax and you aren’t able to pay the amount due. What can the IRS do to collect that tax from you? One way for the IRS to collect is by taking money from your bank account. This is called a levy. The Assessment Before the IRS can...
I Got a Letter from the IRS: Now What?

I Got a Letter from the IRS: Now What?

I Got a Letter from the IRS: Now What? There are many reasons you might get a letter in the mail from the IRS. The IRS says on their website: Don’t panic. We agree; however, that doesn’t mean you won’t worry. So we’re here to calm those nerves...