Information About Bank Levies
Releases Within 24 hours!
There’s a lot of misinformation about IRS bank levies. As a former IRS agent and teaching instructor as a former IRS employee I literally have issued thousands of IRS tax levy.
It is important to understand this information that I am giving you.
When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.
The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail.
The date and time of delivery of the levy is the time when the levy is considered to have been made. In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received.
Normally, the levy does not affect funds you add to your bank account after the date of the levy. You can continue to use your bank account during this frozen fund period.
Remember only the monies that were in your account the day the bank received the levy are frozen.
If you need to get your levy released in your case settled call us today for free initial tax consultation. we guarantee our work.
IRS Bank Levy + 21 Day Holding Period + Former IRS Explains
