IRS Levies can cause big problems in your life. When IRS Levies become property seizures, a bank levy, or a levy on your paycheck, the tax attorneys at De Luna Law may be able to help you protect your assets and earnings from the IRS. Our attorneys have helped thousands to deal with IRS tax problems and we may be able to help you deal with IRS Levies and resolve your tax problems.
The very purpose of the Internal Revenue Service is to collect taxes from individuals and businesses on behalf of the federal government. If a taxpayer doesn’t pay their taxes as they come due, the IRS will demand payment through letters, phone calls, and at times field visits. If the taxpayer continues to disregard the demands for payment, the IRS will give legal notice that it will be resorting to other means to collect the taxes. The IRS doesn’t have to provide any further notice before beginning such collection activity. One of the methods that the IRS uses to collect overdue taxes is through issuing bank levies.
An Internal Revenue Service bank levy is when the IRS simply sends a letter accompanied with an IRS levy notice that they are seizing a taxpayer’s bank account. The bank is instructed to freeze all funds that are in the account and to forward those funds to the IRS. Banks are obligated to follow those instructions and the IRS imposes serious penalties to banks that disregard IRS levies. The IRS commonly uses bank levies as a way for collecting past due taxes, payroll tax deficiencies, and taxes they’ve tried to collect for some time but have received no taxpayer response. These types of levies are most commonly sent to banks. However, the IRS can seize funds from any institution, business or individual that has funds belonging to the taxpayer. For example, the IRS can seize funds from a utility company holding a deposit, a title company, a business vendor, an escrow company, an investment company, a stock broker, or other identifiable location where a taxpayer’s money may be found.
An IRS bank levy can have a devastating impact on a taxpayer’s financial situation. Taxpayers can often avoid bank levies by not waiting for the IRS to start collection efforts and by resolving their account beforehand. At De Luna Law, our tax attorneys understand the federal tax laws as well as the administrative policies and procedures or the IRS. This knowledge is often key to getting a bank levies released and the taxpayer’s problems ultimately resolved. As a former IRS Agent for over a decade, Mr. De Luna has the hands on experience working with IRS auditors, revenue officers, IRS appeals officers, and most every kind of IRS representative in the tax controversy process.
Our experienced tax lawyers can guide you through the process of getting your IRS bank levy released and significantly increase the likelihood that your tax problems can be resolved. If you need help with an IRS Bank Levy, contact us at 800-897-4076 to see how we can help you resolve your tax problems.