Bank or IRS Levy Have your savings been levied?
IRS Levy: The IRS can seize bank accounts, equipment, investment accounts, accounts payable, and attach property! Get these levies lifted FAST!
When the IRS or state has failed repeatedly to collect back taxes from either individuals or businesses, they begin to seize assets. This process comes in two forms: wage garnishments and levies. A wage garnishment attaches a percentage of a taxpayers wages, but an IRS levy attaches an entire asset, such as a bank account or property. IRS levies, especially bank levies, can be incredibly damaging, as they empty accounts overnight and leave the taxpayer or business scrambling.
Why you received an IRS levy:
- The IRS sent a reminder notice.
- The IRS sent several notices of intent to levy assets.
- The IRS sent a final notice of intent to levy.
- A Revenue Officer’s (RO) calls went unanswered, or unresolved.
- The IRS and RO issued a bank or asset levy.
Bank accounts, investment accounts, equipment, accounts payable, and property are all open for attachment. After providing ten, thirty or sixty day notice through certified mail, the IRS levy process begins. An IRS levy or bank levy can be some of the harshest and debilitating collection tactics enforced, as they reveal your private financial burden to your vendors, people you do business with, and can greatly impact operational cash flow.
Many taxpayers and small businesses admit that an IRS bank levy is one of the most crippling forms of collection they have ever gone through, as money to pay bills is immediately seized to pay off their tax debt and they are left rushing to make ends meet. In many cases, they end up trying to contact the IRS or State in a panic to get the levy reversed, only to get deeper and deeper into financial distress. The truth is, an IRS levy is one of the most difficult tax relief issues to negotiate, but with the right representation, they can be reversed FAST.
An IRS Levy can be reversed quickly!
If you’ve received a bank levy, banks will generally remit the funds to the taxing authority after thirty days, and will only release funds back to your account if the IRS or State advises them to. The IRS or State has issued a bank levy because you have avoided paying your tax obligation. They have sent notices, made phone calls, and have given you ample warning that the next step they will take is to begin seizing assets. Because their letters and demands have been ignored, they have gone into your bank account and taken as much as possible to satisfy the tax debt.
So how do you get the IRS or State to reverse these bank levies so that the money taken is replaced? There are many different scenarios for this, but for the most part funds will be reverted back to the taxpayer if they are brought into compliance. Our staff of tax professionals can walk you through your options, helping to get you back on your feet and bank levy free!
Getting Help with your IRS Levy
The first step towards successful resolution is to acknowledge that your tax debt and IRS levy won’t go away on their own and to seek professional assistance. Our firm of tax relief attorneys and tax relief professionals has helped thousands of individuals and businesses just like you stop forced collections and finally resolve their tax debt.
Call 1-888-9-STOP-IRS today or Click Here!
Our tax relief professionals will take the time to discuss your IRS levy issue free of charge, and help map out the best solution moving forward. Rest assured, all information is confidential, and nothing will be shared.
We understand that you have many options when it comes to choosing the right tax relief firm, and we welcome the opportunity to help you patiently through this process and bring closure to this important financial consideration.
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Penny S. from Michigan
Total Savings: $3,500,000
Yes, she saved a lot of 0000's. But not everyone will float out of harm's way. If you owe the IRS back taxes, remember to accurately file your returns.... Read more
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Arthur D. from Virginia
Total Savings: $383,916
Did he really save $383,916? Yes, he really did. And then some. Arthur D. had ignored his tax obligations for over ten years when he contacted our firm, and had...... Read more
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John S. from Delaware
Total Savings: $537,480
He saved over $500,000! Like a tiger, tax debts are hungry predators. Not only do they grow quickly, but they sneak up fast and without warning, inflicting an incredible amount...... Read more
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Steven G. from California
Total Savings: $2,200,000
StopIRSDebt.com compiled all the records of account, assembled all the bookkeeping, and filed the years to bring him compliant, which reduced the balance owed to $440,000. This initially saved the taxpayer $1,838,000.... Read more
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Solon M. from Connecticut
Total Savings: $119,000
StopIRSDebt.com prepared a state Offer in Compromise which was accepted for $56,000 on the sales tax liability of $175,000. The balance was then structured for repayment over 60 months at $942.60 per month.... Read more
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Ashraf I. from Texas
Total Savings: $444,845
He saved $444,845 after our audit representation! Sometimes, good things happen to good people in bad situations. Like Ashraf I. He was diligently running his company when the IRS audited...... Read more
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Michael K. from Minnesota
Total Savings: $178,216
StopIRSDebt.com prepared an Offer in Compromise which was accepted for $5,000 on the $183,216 individual income tax liability... Read more
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Sedalia W. from Oregon
Total Savings: $48,971
StopIRSDebt.com completed 1040X Amended U.S & OR tax returns. Reduced client’s balance to the IRS from $43,176 to $10,316... Read more
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Vincent G. from California
Total Savings: $30,000
StopIRSDebt.com released Vincent's monthly wage garnishment and negotiated a partial pay installment agreement of $100 per month on a $40,000 tax liability. The taxpayer saved about $30,000... Read more
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Ibrahim A. from Texas
Avoided FBAR PENALTIES
Ibrahim A. had several bank accounts overseas, and needed representation badly in order to avoid any criminal proceedings against him. Although the client came in too late for the 2008 Offshore Disclosure Program (OVDI), StopIRSDebt.com was able to qualify him...... Read more
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David H. from California
Total Savings: 50% Off!
StopIRSDebt.com worked with the IRS Appeals division to lower the client’s $3,500 monthly payment plan down to $1,467 per month, thus reducing the client’s liability in half... Read more



