Bank Levy Release
What is a Bank Levy?
What is a Bank Levy Release?
A bank levy release makes it so that your bank account can no longer be seized. There are a number of ways to receive a bank levy release.
The first method you can use for a bank levy release is to respond to the notice of levy before the 30 day period ends. You can prevent the IRS from freezing your account and seizing the money in your account by:
What is a Collection Due Process Hearing?
If you receive a Notice for Intent to Levy, you are given 30 days to respond to the notice. You can request a Collection Due Process hearing which allows you to persuade the IRS not to levy your bank account for a number of reasons, such as:
What If I’ve Passed the 30 Day Time Frame and My Bank Account Has Already Been Frozen?
It is essential to contact a tax professional in a timely manner once you receive a Notice of Bank Levy so that you can avoid further complications and liability. Just give us a call and we can assess your specific tax situation in order to find the best way to receive a Bank Levy Release. See more IRS tax resolution services.