IRS Bank Levy & IRS Tax Levy Solution Service – Call 1-877-658-3477 |
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Bank Levy ReleaseBank accounts are levied when individual taxpayers fail to address the tax debts owed to the IRS. During the initial 21 days of the bank levy, your accounts will remain frozen by the financial institution. Once this 21 day waiting period has passed, the funds held within your accounts will be forwarded by the bank to the IRS directly. The levy placed on your bank accounts will stand until the time allotted has expired or you have paid your tax debt in full, including all applicable interest and penalties owed. |
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Bank Levy ErrorsWhile the IRS makes every effort to follow protocol, errors still occur. If you feel that a bank levy has been assessed in error, you may be entitled to a release and/or reimbursement from the IRS. In order for the potential error to be considered, you must file a determination appeal to the appropriate Tax Court within 30 days of the levy.
In addition to a procedural error, you may also be eligible for a bank levy release if you are undergoing extreme financial hardship, verifiable by the Tax Courts.
For more information about your IRS Bank Levy, contact
one of our tax professionals at 1-877-658-3477. |
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