Bank Levy

BANK LEVY

A tax bank levy is a serious collection action taken by the IRS to seize funds in your bank account to satisfy unpaid taxes, penalties, and interest. This can be a frightening and disruptive experience, leaving you with limited access to your own money.


Our experienced tax attorneys can help you navigate a tax bank levy and explore your options.


What to expect:

  • The IRS will notify you of their intent to levy your bank account.
  • Funds in your account at the time of the levy will be frozen and eventually sent to the IRS.
  • Future deposits can still be made, but you may face difficulties accessing the funds until the levy is released.

We can help you:

  • Understand your rights and options: We'll explain the legal implications of the levy and discuss potential avenues to address the situation.
  • Challenge the levy: If there are errors or you have a valid hardship claim, we can help you challenge the legitimacy of the levy.
  • Negotiate a payment plan: We can work with the IRS to establish a feasible payment plan to resolve your tax debt and potentially get the levy released.
  • Seek an Offer in Compromise: In some cases, we may explore settling your tax debt for less than the full amount owed, which can lead to the release of the levy.

Don't wait until your bank account is frozen. Contact us today for a confidential consultation. We can help you understand your situation, protect your rights, and explore solutions to resolve your tax debt and get your finances back on track.

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