The IRS has the right to issue a bank levy on a bank account that bears the name of a taxpayer who owes the IRS money after providing adequate notices to the taxpayer.

Notice constitutes several letters with the final letter bearing a Final Notice of intent to Levy. After the IRS has sent out the Final Notice of intent to Levy, it can issue a bank levy after 30 days from the date of the letter.

The bank is legally obligated to honor the levy.

The levy freezes the funds on deposit in the account for 21 days.

On the 21st day, the bank must send the frozen funds to the IRS.

What we do for you at Advantage Tax Help:

  • Our Tax Practitioners are experienced in removing bank levies and establishing the most affordable payment plan for clients. They will put you in the best financial position possible to get you out of collections. Once you are out of collections, the IRS cannot levy your bank and/or wages.
  • Bank levies are very difficult to remove. However, the IRS will allow tax Practitioners to negotiate a bank levy release only if the levy creates a significant financial hardship (i.e. foreclosure on your home, an eviction from your landlord etc.)

Fill out the form on this page now for more information from Advantage Tax Help, including details on programs and services available for those who qualify.

*Programs vary by qualification