Has the IRS placed a Tax Levy on your Bank Account or filed a Wage Garnishment ?
Get your levy released and your case settled at the same time! We know the system.
Have Former IRS Agents STOP THE LEVY! We can also settle your case, be worry free today.
We taught Tax Law at the IRS and know all the techniques to get your levy released and your case settled.
Facing an Internal Revenue Service (IRS) bank levy can be incredibly stressful, as it directly affects your access to funds and disrupts your financial stability. Fortunately, there are clear steps you can take to stop and remove a tax levy on bank account, allowing you to regain control of your money.
An IRS bank levy allows the IRS to legally take money from your bank account to pay off your tax debt. Acting quickly is crucial to stop the levy and prevent further financial damage. This guide will explain what an IRS bank levy is, how to halt it, and the steps to remove it effectively.
We’ll walk you through the process and strategies for negotiating with the IRS, too. Let’s get started on stopping and removing the IRS levy bank account, so you can move forward with confidence.
But, before that, here’s a thing you would want to know. Beyond stopping and removing bank levies, we offer a range of additional services to support your financial health. We provide IRS debt settlement and innocent spouse tax relief to help you manage and resolve complex tax debts. So, without further ado, let’s get started.
An IRS bank levy is a legal action taken by the IRS to seize funds directly from your levy bank account IRS to satisfy unpaid tax debts. If you owe taxes and haven’t paid or arranged a payment plan, the IRS can issue a levy, which results in your bank freezing your account and eventually transferring the levied funds to the IRS.
If you think you need help, we have IRS tax consultants and IRS problem solvers who are dedicated to providing solutions for your specific tax issues. All you have to do is book a consultation!
IRS will levy taxes and enforce the tax laws by filing a Notice of Levy on your Bank Account, 688 A, and or on your Wages, 668 W if you fail to follow-up on form 1058 which is the last notice or letter IRS will send before this federal action takes place.
As former IRS agents we have filed thousands of tax levies and we know how to immediately get those tax levies released. We know how to get immediate relief
We worked in the local, district and regional offices of the IRS and taught Tax Law.
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage Levy Garnishments and Bank Levies. We know exactly how to quickly get them released.
Don’t wait until it’s too late. Call us now to get the help you need and protect your financial future.
Don’t let an IRS bank levy take your hard-earned money. You have only 21 days before your bank sends the frozen funds to the IRS. We can help you gather the necessary information to lift the levy and return your money to you.
We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to the Internal Revenue Service.
We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can and many times will refuse to work your case. This is leverage that the IRS will use to get you compliant with the tax law.
We will pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are experts in tax reconstruction.
The IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement) or 433A, will verify the income and expenses and work out a settlement agreement.
The IRS will always require a closing settlement method for each case.
We will review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.You will get the very best deal allowed by tax law.
This simplified explanation helps you understand the basic process and rights involved when the IRS levies a bank account with multiple authorized users.
Our team of former IRS agents, managers, and instructors can help you release bank levies and stop wage garnishments. With our deep knowledge of IRS procedures, we can resolve your tax issues efficiently and get back the funds you have a right to.
Take the first step towards financial relief now!
Sometimes an employer threatens to fire an employee to avoid handling a levy. This might be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
Refer the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.
Stop being bullied by the IRS. If the IRS has levied taxes call us today for immediate tax relief and get your levy released.
Here are some effective strategies to halt IRS levies on your assets:
Here are some additional tips for stopping tax levies:
The key lies in being proactive, understanding your rights, and seeking the proper channels to address your tax debt.
Having a chunk of your paycheck taken away due to IRS garnishments can feel like a heavy burden. So, how to stop an IRS levy before it starts? Firstly, always respond to notices from the IRS promptly. They generally send several notices before initiating a levy. If you’ve received a final intent notice, you should act immediately. This is where expertise comes into play.
If you’re unsure of the following steps, seeking professional advice can be invaluable. Remember, there are methods to stop IRS levy actions, but it’s essential to be informed, timely, and proactive in your approach. Don’t let tax levies rob you of your money.
This is where our expertise can help. If you’re unsure of what to do next, seeking professional advice from Michael Sullivan can prove to be very helpful. There are methods to stop IRS levy actions, but you must be informed, timely, and proactive. Don’t let tax levies take your money.
In addition to stopping levies, we offer several other comprehensive tax resolution services. From IRS debt forgiveness programs to tax lien releases and unfiled taxes help, our services cover all aspects of tax resolution, ensuring you have the support you need to resolve your tax issues effectively.
An IRS levy on assets or income is often triggered when taxpayers have unpaid taxes and haven’t made arrangements to address the debt, or have defaulted on a payment plan. The levy is the IRS’s way of legally seizing assets to cover the tax owed.
Yes, you can negotiate with the IRS. Initiating a conversation about payment plans or demonstrating financial hardship can lead to the release of the levy. Knowing how to stop a tax levy on wages or other assets can be crucial, so seeking advice from a tax professional can be beneficial.
The IRS provides notice to taxpayers by sending a “Final Notice of Intent to Levy” through regular mail. This notice is typically sent 30 days before initiating the levy, giving taxpayers a chance to take action.
If you receive a notice, it’s essential to act promptly. Contact the IRS to discuss payment options, set up a payment plan, or demonstrate why the levy might cause financial hardship. Consider consulting a tax expert for guidance on how to stop levy on bank account or other assets.
Yes, several legal avenues can prevent or halt an IRS tax levy. These include setting up a payment plan, proving financial hardship, or disputing the tax owed. In some cases, declaring bankruptcy can also halt the levy.
Bankruptcy can potentially help in stopping an IRS levy. When an individual declares bankruptcy, an automatic stay is issued, preventing most creditors, including the IRS, from pursuing collection activities. However, bankruptcy comes with its own set of implications, so it’s vital to consult a legal expert.
The IRS can seize a wide range of assets, including bank accounts, wages, social security benefits, retirement accounts, real estate, and even personal assets like cars. They can also levy state tax refunds and certain licenses.
To stop an IRS wage levy, you can set up a payment plan, pay the tax debt in full, demonstrate that the levy causes financial hardship, or dispute the owed amount. Knowing how to stop a tax levy on wages by negotiating with the IRS or seeking professional advice can be vital.
The IRS can levy your bank account multiple times if you have outstanding tax debts and haven’t made arrangements to pay. Each levy is a separate action, but the IRS must issue a new notice for each levy attempt. Michael Sullivan can help prevent repeated levies by setting up a payment plan, negotiating with the IRS, and ensuring timely responses to IRS notices.
Yes, you can prevent a tax levy on your bank account by addressing the tax debt before the levy occurs. This could involve setting up a payment plan, proving hardship, or disputing the amount owed. It’s also essential to understand how to stop levy on bank account by being proactive and communicating with the IRS.
Yes, taxpayers can claim certain exemptions or appeal the decision to levy. The IRS has provisions to ensure that taxpayers have enough to cater to basic living expenses. By demonstrating financial hardship or disputing the tax debt, one can potentially avoid the levy.
