Stop or Remove an IRS Levy on Your Bank Account

The IRS can file a federal tax levy and take money out of your bank accounts, social security benefits, and retirement benefits if you are an individual filer. If you own a business, an IRS levy can apply to accounts receivable, as well. Whether the tax levy hits you personally or your business, the effects can be devastating to you and those you care about. And it can happen seemingly overnight, from the time you receive the notice to the time the levy occurs. As we all know, when your debit card is rejected, it’s not just embarrassing. It’s terrifying. All you can think about is getting to the nearest computer to log on and check your balance. And then you see it. An enormous deduction taken and paid to an organization identified as the Internal Revenue Service on your statement. Not a good feeling.

Sometimes federal tax levies have been filed improperly and are reversible. In such cases, your money can be recovered, but you need to act sooner rather than later because time is extremely limited. TaxMasters may be able to reverse an IRS levy if it was filed improperly, or if the levy is based on an erroneous or incorrect federal tax assessment. Call us today at (800) 581-0456 and let one of our consultants help you determine if your tax levy is reversible.

Notice of Intent to Levy

If the IRS has sent you a notice of intent to levy, you need to act now, before the IRS takes your money. If you receive the Final Notice of Intent to Levy and Final Right to a Hearing, your time to react is very limited. If this is the case, we strongly urge you to call us right now. As with all things government, it takes time to get paperwork in place and yours is running out.

TaxMasters has developed several effective strategies for dealing with IRS levies. There are things we can get started on today to keep Uncle Sam out of your accounts, temporarily if not permanently. And after we file for a release on the levy, we can work to fix the problems that led to your federal tax debt in the first place. Stopping the IRS levy is only the first step in seeking more complete tax relief.

One other note on levies. If the IRS has taken money from your account or taken a portion of your benefits, it is very likely that they have placed a federal tax lien on all your property. You might want to take just a second to read through our Tax Lien page to make sure you understand the severity of your tax problem and the consequences that the IRS will apply without remorse or personal consideration.

For help with your IRS tax levy, call the tax professionals at TaxMasters now at (800) 581-0456. We look forward to working with you to develop a solution to get you out of the mess you are in with the IRS. We can help you get past this, but you have to contact us first. The ball’s in your court.