Failure to pay taxes can result in the IRS simply taking your money. One way for the IRS to get the money you owe is to file what is called a "Third Party Levy." This is a legal order sent, for example, to your bank telling them to freeze the money in your accounts. Click Here For IRS Levy!
Once the bank receives this levy notice, it is required to stop anyone from touching money in any of your accounts. You will not be able to get to this money at all! The freeze will last for 21 days. After the 21 days have passed, the bank must send the IRS the money you owe. This is true even if they must send all of your money.
What Is an IRS Levy?
Because this form of IRS debt collection is so severe, it is vital that you get help as soon as you receive the notice of levy. Bank levies are serious, so it is imperative that you seek help from experienced tax attorneys. You only have 21 days to stop the IRS from taking your money.
At Tax Tiger, our legal team has nearly 50 years of experience in negotiating with the IRS. The only way to stop a third party bank levy is to convince the IRS to accept a settlement instead. Your best hope of convincing the IRS to remove the levy is to let professionals negotiate for you. The Tax Tiger team has helped hundreds of people solve their tax problems. While bank levies are usually the result of ignoring the IRS for too long, it's never too late. Don't wait another day; contact the tax professionals at Tax Tiger for a free consultation about your levy today.
