Tax Resolution Services
When your taxes remain unpaid, the IRS can freeze your bank accounts and seize any money in them, but Direct Tax Relief can help you get that levy released and prevent future bank levies.
When the Internal Revenue Service can establish that you have unpaid debt, they can use a collection action called a bank levy. This allows them to seize the funds you owe directly from your bank account, up to the amount that you owe (including penalties and interest). And if sufficient funds aren’t available on the first attempt, a bank levy can be issued as many times as needed to repay the debt.
While an IRS bank levy can be stopped, you have limited time to resolve it, so it is important to act quickly. At Direct Tax Relief, our tax professionals can work on your behalf to release the bank levy and permanently resolve your back taxes.
With DTR’s Help
Access funds in your bank account
Prevent future bank levies
If you owe tax debt, an Offer In Compromise can help you settle it for less. DTR has the expert negotiation skills needed to get your tax debt reduced as much as legally allowed.
If you’re a business owner who fails to file or pay payroll taxes, Direct Tax Relief will negotiate with the IRS to reach a resolution and protect your business from shutting down.
Direct Tax Relief negotiates with the IRS to have these difficult penalties removed from your account, getting you out of debt and back to freedom, based on reasonable cause.
Working with you from the first step of tax debt resolution, Direct Tax Relief has tax accountants to prepare your unfiled tax returns, whether it's an individual return or complex corporation returns.
At Direct Tax Relief, we'll negotiate with the IRS to create an easy, affordable payment plan that gets you in compliance, and works with what you can afford, preventing future IRS wage and bank garnishments.
If your individual or business tax returns are being audited, Direct Tax Relief’s tax experts can take over your audit proceedings to ensure you get the resolution you deserve.
When your taxes remain unpaid and a bank levy is issued, Direct Tax Relief can help you find a resolution so you can avoid frozen bank accounts and money seizure and, in some cases, have current bank levies released.
When your wages, commissions, and Social Security income are being garnished because of unpaid taxes, DTR will negotiate with the IRS to put a stop to it.
If you’re a retail store, contractor, or provide in-home services, you could face state tax issues. But the experts at Direct Tax Relief have expert guidance and solutions to get you on the road to tax debt freedom. We can also help with state income, payroll and sales tax issues.
In certain situations, Direct Tax Relief may be able to have your federal tax lien released, once we complete resolution of your case.
For married couples, filing your taxes jointly can provide many benefits–but it can create problems. If you have tax liabilities, interest, and penalties as a result of filing jointly, DTR professionals can get you on the road to being tax debt free.
If you are looking to refinance your house but have a federal tax lien, the tax professionals at Direct Tax Relief will pursue all avenues to find a solution through a lien subordination.
When a bank receives a levy notice, it generally freezes the funds in your account for a short holding period before sending them to the IRS. This waiting period gives taxpayers time to take action to resolve the issue. If the levy is not addressed quickly, the funds may be transferred to the IRS to pay the debt. Acting quickly is critical when a bank levy occurs.
When a bank receives a levy notice, it generally freezes the funds in your account for a short holding period before sending them to the IRS. This waiting period gives taxpayers time to take action to resolve the issue. If the levy is not addressed quickly, the funds may be transferred to the IRS to pay the debt. Acting quickly is critical when a bank levy occurs.
Yes, a bank levy can sometimes be released depending on the circumstances. In many cases, the IRS may release a levy if the taxpayer enters into a payment arrangement or qualifies for another tax resolution option. A levy may also be lifted if it creates immediate financial hardship. Each situation must be evaluated to determine the best approach.
The IRS may issue a bank levy when tax debt remains unpaid after multiple notices and collection attempts. If the balance continues to go unresolved, the IRS can use a levy to collect directly from financial accounts. This action is typically taken only after earlier warnings have been sent. Resolving the debt before it reaches this stage is always the best outcome.
Stopping a bank levy usually requires resolving the underlying tax issue with the IRS. This may involve negotiating a payment plan, requesting temporary collection relief, or pursuing another resolution strategy. Once a qualifying resolution is in place, the IRS may release the levy. Acting quickly can improve the chances of protecting the funds in your account.
When a levy is issued, the bank freezes the funds currently in the account. During the holding period, the money cannot be withdrawn or transferred. If the issue is not resolved within that timeframe, the bank may send the frozen funds to the IRS. Immediate action is often necessary to try to prevent the funds from being taken.
Yes, the IRS can issue levies to more than one bank if it believes the taxpayer has multiple accounts. Financial institutions are required to comply with levy notices once they are received. This means several accounts could potentially be affected at the same time. Addressing the tax issue quickly can help prevent additional levies.
A levy typically applies to the funds that are in the account at the time the bank receives the notice. The amount frozen depends on the balance available when the levy is processed. If the balance is less than the total tax debt, the IRS may continue collection efforts afterward. Future deposits may also be at risk if the issue remains unresolved.
While funds are frozen during the holding period, access to that money is restricted. In some cases, deposits made after the levy may still be accessible depending on the timing and the bank’s procedures. However, the levy remains a serious collection action that should be addressed immediately. Resolving the levy with the IRS is the best way to restore full control of your account.
Immediate action is extremely important when a bank levy occurs. The short holding period before funds are transferred to the IRS provides a limited window to resolve the issue. Taking steps quickly can sometimes prevent the funds from being released to the IRS. Addressing the underlying tax debt is the key to stopping further levies.
