The IRS has many ways in which they can collect back taxes. Under federal law, the IRS can seize your property, garnish your wages, and seize your bank account through a levy. Not only can this virtually ruin your credit, but enforced IRS collection can sabotage your financial situation as well, leaving you with little to no assets. In most cases, the IRS will even file a levy on any and all bank accounts linked to your social security number. Click Here For Stop IRS Levy!
This means they can take money from you forcibly to pay your taxes until the debt is paid off. When this happens to you, you have to move fast. The IRS only allows you 21 days to file a Bank Levy Release appeal to stop the IRS from seizing your money. After that, the bank simply releases your funds to the IRS, and they are gone--for good.
Learn How to Stop an IRS Levy
Your first step is to contact us at Tax Tiger. We will immediately look into your situation to find a way to stop the IRS levy, whether it is a bank levy or a wage levy. After you receive a Notice of Levy, the IRS will instruct your bank to freeze all assets up to the amount owed. During this 21-day window, our attorneys and specialists will work with the IRS to stop your levy and to release your funds from captivity.
Once this happens, we will often times file an Offer in Compromise to reduce your total tax debt and liability to a negotiated amount agreed to by you and the IRS. We have settled cases for as little as $10 before, so we know we can reduce your debt significantly as well. Turn to our professionals when you need to stop an IRS levy so that you can get on with your life.
