Bank Levy and Release
Has the IRS filed a levy with your bank, leaving you unable to pay your bills, your rent or mortgage, your car payment or to feed your family?
Contact Alliance Tax Resolution Service now! 1-800-742-5132
We only have 21 days to stop the levy with a Bank Levy Release
If you ignore IRS notices, phone calls and letters, the IRS will start what they call Enforced Collection. It is a way for them to get your attention and collect the delinquent taxes. When the IRS or state has failed repeatedly to collect back taxes, they can begin to seize assets. This process is called a “levy. After providing either ten, thirty or sixty day notice through certified mail, they are legally allowed to seize bank accounts, demand payment from accounts receivable, take control of property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.
Levies and wage garnishments are the most crippling and humiliating of all collection tactics. They’re designed to force taxpayers into willful compliance.
Seizure of your bank account or your assets is the ultimate action in their collection efforts. The IRS sends a Notice of Levy to the financial institution informing them that you owe taxes. The IRS requires them to freeze all the money in your account(s) as of that day. This includes all accounts with your social security number. You are then unable to use any of those funds to pay your bills. This freeze may cause your checks to bounce. The bank must hold these funds for 21 days. At the end of that period, the bank must remit the funds to the IRS. There is nothing anyone can do at that point.
This 21 day period allows ATRS time to negotiate with and encourage the IRS to release the funds from levy. During the negotiations we will supply the IRS with the information they require. Once we have negotiated the release, the IRS will forward a Release of Levy to your bank. We can then apply for either an Offer in Compromise or an Installment Agreement. We will discuss each option with you.
Although many times the bank levy is wrong, it is up to you to correct the problem.
Contact Alliance Tax Resolution Service
1-800-742-5132
We have years of experience lifting levies and wage garnishments quickly. Depending on the type and severity, it usually takes only 2-10 business days for us to successfully lift either.
