Bank Levy

Bank Levy

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    Prevent or Reverse Your IRS Bank Levy Now

    If you’ve received a “Notice of Intent to Levy,” or if you’ve already had your bank levied, help is a phone call away. Our team of licensed Enrolled Agents and contracted Tax Lawyers here at Tax Network USA have multiple effective strategies to prevent, remove, and even reverse all types of bank levies from IRS and State Taxing Authorities.

    Bank Levy

    Get Immediate Help With:

    • IRS Tax Representation
    • Back Tax Returns
    • Wage Garnishments
    • Bank Levies
    • Tax Liens
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    Get Expert Help with IRS Back Taxes

    In one phone call, you can get all your questions answered by a licensed tax professional:

    • How fast can I stop the IRS?
    • How much will I have to pay back?
    • Is the IRS going to seize my property or assets?
    • How does the process work?

    Don’t make any major decisions until you get every tax question answered during your Free No Obligation Consultation.

    Frequently Asked Questions

    Bank Levy
    What is a bank levy?

    An IRS bank account levy is when the IRS seizures funds directly from your bank account to cover unpaid taxes that you owe. If the IRS contacts your bank, they must freeze your banking assets for 21 days from the day they receive the notice.

    How many notices does the IRS send before issuing a levy?

    The IRS normally sends you five letters (five for individuals and four for businesses) before actually seizing the balance in your bank account. It is recommended to consult with a licensed tax professional when you receive your first Letter of Intent To Levy.

    Can I appeal a bank levy?

    Yes. You have the legal right to appeal a tax levy, but you must act quickly as the IRS can start seizing your assets within 30 days of sending the notice. In most cases, it is recommended to have a licensed tax professional on your side when presenting and filing appeals.

    How many times can the IRS levy your bank account?

    The IRS can levy a bank account more than once. When the IRS levy’s you, it is not a standing levy, which means you can deposit money the next day. An IRS bank levy attaches to funds once the bank processes the tax levy.

    If you make a deposit a few days later, the bank should not freeze it. The IRS would have to send another levy to the bank.

    How much can the IRS levy from my bank account?

    Levies are not able to occur after the IRS’s 10-year statute of limitations for collecting debts is up. Unfortunately, while in that 10 year period, there is no limit to the amount of times they are able to levy your account.

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