The IRS issues a bank levy when your taxes remain unpaid and a resolution has not been reached. Through a bank levy, the IRS can freeze bank accounts and seize any money in these accounts up to the amount that you owe (including penalties and interest). The IRS can even issue a bank levy as many times as they please until the tax debt is satisfied. A bank levy is often the result of poor communication between the IRS and the taxpayer.
An IRS bank levy can be stopped, but it is important to act quickly. With the right tax attorney, a bank levy can be released and steps can be taken to ensure future protections from these IRS collection methods. A tax attorney can also pursue further methods to put a permanent end to your tax debt.
If you are facing a bank levy, you must act quickly! Call Direct Tax Relief at (800) 505-4134 to begin the process today.