Did the IRS just send a Notice of Federal Tax Levy 668(a) to your bank and you have just received a notice that your account is frozen.
Call us at Fresh Start Tax and we will get started on removing your tax levy problem immediately.
THIS IRS NOTICE OF FEDERAL TAX LEVY ON YOUR BANK ACCOUNT WILL NOT GO AWAY BY ITSELF. You have a 21 day window before the bank has to send the frozen monies to the IRS. During this period of time we can secure enough information to get the IRS Bank Levy removed and put your money back in your hands.
Don’t hesitate, each day you wait the IRS is closer to taking your money away from you and your family. Call Fresh Start Tax today and we will work for you to remove the IRS Bank Levy. You have saved this money for a reason, don’t delay any longer. and get a Fresh Start.
A Notice of Intent to Levy was sent to your last known address, the one that IRS had on file. By law the IRS is required to do this. You had 30 days to respond to this notice. Many times taxpayers never received these IRS notices on back taxes. As a result, IRS sent a Levy Notice out to a bank source the IRS has in their file. The IRS collection computer sends out all these notices.
Once the Federal Tax Levy hits your bank account, you have 21 days in which to take care of the problem. The bank puts a hold or a freeze on your account. The IRS will expect you to contact them within that 21 day period. The only reason the IRS levy was sent was because there is an unresolved IRS issue that needs to be resolved.
IRS is going to want a current financial statement before they will release the Federal Tax Levy on your bank account. They will request a 433A or a 433F Information Collection Statement. The form must be filled out entirely and you will have to provide supporting documentation for some of the expenses.
Another important factor is to make sure all your tax returns are up to date. IRS will not release the bank levy until all tax returns are filed. If you do not have your records, Fresh Start Tax can obtain the information to complete all necessary returns that the IRS is looking for within a couple of days. We get full transcripts and income verification from the IRS to prepare your unfiled tax returns.