THE IRS LEVIED MY BANK ACCOUNT! WHAT DO I DO?

One of the most vicious things the government can do if you owe taxes is to have the IRS levy your bank accounts.

This can prevent a small business from paying its employees. It can also prevent a hard-working individual from feeding his or her family. 

Even though this is a disastrous situation, you must remain calm to get the issue resolved.

Banks must hold on to all levied funds for 21 days before releasing them to the IRS. You can't wait to get this issue fixed.

THE CLOCK IS TICKING!

It's a lot easier to prevent a bank levy than it is to reverse one. So, if this hasn't happened to you yet, then make sure you're doing everything you can to prevent a bank levy...

Preventing a bank levy

There are a few ways to get the bank levy reversed. One option is to file for an Offer in Compromise.  This works because the IRS won't levy a bank account while a valid resolution proposal is pending.

But, now that it happened, what do i do?

Getting your funds back after the IRS bank levy is challenging, and in most situations, it will require the help of an experienced tax attorney. 

speak to a professional

speak to a professional