by Fresh Start Tax | May 28, 2013 | Tax Help
Need Affordable IRS Help 954-492-0088
If you need affordable IRS help, contact us today and speak directly to former IRS agents and managers who worked out of the local South Florida offices for a combined 60 years of total IRS work experience.
We have worked in the local South Florida IRS offices as IRS agents, managers, supervisors, revenue officers, revenue agents, IRS audit supervisors and IRS appellate agents.
We also taught Tax Law at the IRS.
We are one of the most qualified tax firms in South Florida for resolving any IRS problem and issue that you may have.
We have been practicing in South Florida since 1982 and have an A+ rating by the Better Business Bureau.
Also on staff are tax attorneys, CPAs and enrolled agents.
As a firm we have over 206 years professional tax experience. We are located right here in South Florida please feel free to come by and visit our office or call for a free initial tax consultation.
Areas of Professional Services
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Full Service Accounting Tax Firm,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A” Plus
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Need IRS help
by Fresh Start Tax | May 17, 2013 | Tax Help
Affordable IRS Tax Problem Services, Former IRS Ft.Lauderdale, Miami, Palm Beaches 954-492-0088
IRS problems comes in different shapes and sizes.
If you are looking for professional tax help to resolve your IRS problem we are a full service tax firm that have been representing clients in the South Florida area since 1982.
We have an A+ rating from the Better Business Bureau and have over 206 year of professional tax experience for IRS Problem Services.
Our firm is comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS agents and managers who worked on the local, district, and regional South Florida tax offices for over 60 years.
We are affordable IRS tax problem service experts they can resolve any IRS civil matter that you are facing including IRS audits, IRS collection issues, IRS appellate issues, and IRS tax settlements.
We have represented thousands of clients since 1982 and we are available for a free visit, Skype or tax consultation to resolve your IRS problem.
The New IRS Fresh Start Tax Program
Everybody has different needs and problems with the Internal Revenue Service.
Here are some of the areas that the Internal Revenue Service is addressing with their new fresh start program or Fresh Start Initiative.
Some of these new programs or initiatives may work for you. Remember if you have other tax needs that are looking for, contact us today.
Regarding the Federal Tax Liens.
The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien.
That amount is now $10,000. However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.
When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien.
Taxpayers must request this in writing using Form 12277, Application for Withdrawal.
Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement.
Taxpayers also need to request this in writing by using Form 12277.
If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.
Installment Agreements, Payment Agreements
The Fresh Start program expanded access to streamlined installment agreements. Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years).
While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer. contact us today and see how easy it is to fit you into an IRS stream lined payment or installment agreement.
Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement.
In these cases, the IRS may ask for one of two forms: either ,
- Collection Information Statement, Form 433-A or
- Form 433-F.
The New IRS Settlement Program called the Offer in Compromise.
An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program.
The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes the offer program available to a larger group of taxpayers.
Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time.
The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement.
The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay.
You can use a pre-qualifier tool on our website.
You should never give your money to a tax professional tax firm to submit an IRS tax debt settlement package called the offer in compromise unless you know you are prequalified for the program.
Suitable candidates should walk through this pre-qualifer tool and find out for themselves whether they have a chance for the IRS tax debt settlement.
Contact us today if you have any needs for IRS tax problem services. We are your local tax firm that has been practicing right here in South Florida since 1982.
Areas of Professional IRS Tax Representation
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On staff, Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
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Full Service Accounting Tax Firm,
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We taught Tax Law in the IRS Regional Training Center
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Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
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Highest Rating by the Better Business Bureau “A” Plus
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Fast, affordable, and economical
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Licensed and certified to practice in all 50 States
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Nationally Recognized Veteran /Published Former IRS Agent
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Nationally Recognized Published EZINE Tax Expert
-
As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Professional Tax Practice:
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Same Day IRS Tax Representation
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Offers in Compromise or IRS Tax Debt Settlements
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Immediate Release of IRS Bank Levies or IRS Wage Garnishments
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Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
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IRS Tax Audits
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IRS Hardships Cases or Unable to Pay
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Payment Plans, Installment Agreements, Structured agreements
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Abatement of Penalties and Interest
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State Sales Tax Cases
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Payroll / Trust Fund Penalty Cases / 6672
- IRS Tax Problems Services
Affordable IRS Tax Problem Services, Former IRS, Ft.Lauderdale, Miami, Palm Beaches
by Fresh Start Tax | May 16, 2013 | Tax Help
Ft.Lauderdale, Miami – IRS Tax Problems – Audits, Back Taxes, Filings, Settlements, Former IRS 954-492-0088
We are a local South Florida tax firm that specializes in IRS tax problems. We are the affordable local tax professionals.
Some of our specialties include IRS tax audits, the owing the back taxes, the filing of back tax returns and IRS tax settlements called the offer in compromise.
We have worked out of the local South Florida offices for over 60 years in the IRS audit division, in the IRS collection division and in the IRS appeals division.
We also have worked in positions as IRS managers and IRS supervisors and also to tax law to new IRS agents.
In dealing with an Internal Revenue Service problem it only makes sense to hire former IRS agents and managers who not only know the systems but know the protocols and the IRS tax settlement procedures to ensure a quick and fast resolution of your IRS problem case.
All our work is done in-house and we are used by several law and CPA firms in the area to handle any clients that have IRS issues, tax problems or needs in the areas of IRS tax audits f back taxes the filing of back tax returns or IRS settlements.
Contact us today for free initial tax consultation.
We are A+ rated by the Better Business Bureau and have been in private practice right here in South Florida since 1982.
Our firm has over 206 years of professional tax experience.
Our Tax Firm for IRS Tax Problems
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Full Service Accounting Tax Firm,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A” Plus
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- IRS Problems – Audits, Back Taxes, Filings , Settlements,
Ft.Lauderdale, Miami – IRS Problems – Audits, Back Taxes, Filings , Settlements, Former IRS
by Fresh Start Tax | May 15, 2013 | Sales Tax, Tax Help
Florida Sales Tax Attorneys, CPA’s,- Affordable Sales Tax Experts – Florida Sales Tax Experts 1-866-700-1040
We are comprised of tax attorneys, certified public accountants, enrolled agents and former IRS agents and managers work tax experts and sales tax matters. With our firm you hire a team not just an individual all for affordable pricing.
We handle all matters in-house for any sales tax issues or problems in the state of Florida. If you owe back taxes for the state of Florida and are undergoing a current sales tax audit contact us today for free initial consultation and hear the truth about your sales tax issue or problem.
We’ve been practicing since 1982 and have an A+ rating by the Better Business Bureau. We have over 206 years of professional tax experience in all our work is done in house by true Florida sales tax experts. We are a full service tax firm.
If you live anywhere in the state of Florida and need a professional tax firm to represent your best interest and save you money because of our expertise during a sales tax audit call us today for a free initial consultation and we can stop the worry and anxiety of the situation. You may speak directly to Florida sales tax attorneys and CPAs calling our firm.
Due to our expertise in the area of Sales Tax we can assure that you will pay the lowest amount of Florida sales tax allowed by law and should you not be able to pay all the taxes we can work out an affordable tax settlement with the state of Florida Department of revenue.
We can handle sales tax audits and help you for any sales tax situation in any city or county in the state of Florida.
Why More Tax Audits Coming State of Florida
You can expect a Department of revenue in the state of Florida to conduct many more sales tax audits due to its shortfall in revenue in the high volume of businesses and individuals not paying sales tax. This is been a huge problem in the state of Florida for the past few years.
There is an estimate of one fourth of businesses currently falling in the tax gap and not staying current, or being delinquent, or closing shop and taking off without paying sales tax.
We are seeing a higher volume of criminal prosecutions due to the sales tax issues. The last thing you want to do is fall in the hands of a criminal investigator for the State of Florida.
Should that be the case, we have tax attorneys and tax lawyers who are experts in handling all civil and criminal matters.
The most important advice we can get you is to make sure that you are staying current in both your filing and monthly payments to the state of Florida. The Department of revenue finds that you are making every effort to try to stay current in many instances you will find they will offer a great amount of grace.
We are finding that the state of Florida in the Department of revenue is trying to conduct the sales tax audits in real time.
Real time specifically means they want to deal with those not paying their sales tax in the same year the deficiencies are being unpaid.
As a general rule, it takes the state anywhere from 2 to 3 years to catch up on most corporations, businesses or individuals who absconded or not filed sales tax reports with the state of Florida.
Contact us today and we can give you a free tax consultation and review and let you know where you may stand with the sales tax audit with the Department of Florida State of Florida.
We have an A+ rating by the Better Business Bureau I have been practicing right here in South Florida since 1982.
Why Are Taxpayers Audited for Sales Tax in the State of Florida???
It’s not because they love you.
The state of Florida, Department of revenue audits taxpayers to:
- Enforce Florida tax laws uniformly to all businesses .
- Deter Sales tax and criminal tax evasion.
- Promote voluntary compliance.
- Educate taxpayers of Sales Tax Issues
The State of Florida accepts most tax returns as filed however they audit some returns to verify accuracy and evaluate compliance.
Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest.
The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
How did you have the good fortune of being Selected for a Sales Tax Audit in the state of Florida?
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources we use to identify a potential audit candidate:
- Internal Revenue Service information.
- Information sharing programs with other states and state agencies.
- Computer-based random selection.
- Analysis of Florida tax return information.
- Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide for the Sales Tax Audit in Florida?
When the State notifies you of our intent to sales tax audit they will also tell you what records you will need to provide.
The types of records may include, but are not limited to:
- General ledgers and journals
- Cash receipt and disbursement journals
- Purchase and sales journals
- Sales tax exemption or resale certificates
What are the Record Keeping required for the State of Florida?
You must keep your records for three years since an audit can extend back that far.
The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
In the State of Florida, what Are My Taxpayer Rights During an Sales Tax Audit?
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights include:
- The right to fair treatment.
- The right to get available information and prompt, accurate responses to your questions.
- The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
- The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
The Importance of the Sales Tax Audit, Florida Communicating and Meeting Deadlines
Throughout the audit process, communication is vital.
After we send you a Notice of Intent to Audit Books and Records, the auditor will work with you to set a date to begin the audit.
The auditor will give you deadlines for providing information or documentation. If you need additional time to prepare, or need to request a delay for other reasons, contact the auditor.
The auditor usually will make every effort to accommodate your requests.
If you fail to respond or provide the requested information, we may issue an assessment and file a warrant based on the best available information.
Contact us today for a fair and full evaluation of your Florida sales tax problem.
We are comprised of Florida sales tax attorneys, Florida sales tax CPAs and former IRS agents and managers who are experts in Florida sales tax issues and the resolution of tax problems.
Florida Sales Tax Attorneys, CPA’s – Affordable Sales Tax Experts – Florida Sales Tax Experts
by Fresh Start Tax | May 15, 2013 | Tax Help
Ft.Lauderdale – IRS Tax Audit Representation Help, Former Local IRS Agents, Managers – Audit Experts 954-492-0088
If you are going to be experiencing a IRS tax audit it only makes sense to hire former IRS agents, managers. and tax instructors who worked right here in the local South Florida IRS offices.
We have over 60 years of working for the Internal Revenue Service in the local South Florida IRS offices.
We have worked in all positions at the Internal Revenue Service including but not limited to IRS auditors, revenue agents, and IRS tax audit supervisors.
As a result of our years of experience we can help ease the pain and difficulties of an IRS tax audit and provide you some of the finest tax representation that South Florida can offer. I should also comment there are many fine and outstanding firms for IRS tax audit representation.
We have an A+ rating by the Better Business Bureau and have been in private practice since 1982 right here in South Florida.
If we can help you, contact us for free initial tax consultation and we can walk you through the process and evaluate your case.
So if you are looking for IRS tax audit representation call former local agents who know all the protocols, all the systems in all the settlement formulas to get you the very best results possible.
Some commonly asked questions for a IRS Tax Audit
Does filing an amended return affect the return selection process?
Filing an amended return does not affect the selection process of the original return. However, amended returns also go through a screening process and the amended return may be selected for audit. The last thing you want to do is to file an amended return right before the tax audit because it will make the agent very suspicious.
Why was my return selected for IRS Tax audit?
- When returns are filed, they are compared against “norms” for similar returns. The “norms” are developed from audits of a statistically valid random sample of returns.
- These returns are selected as part of the National Research Program which the IRS conducts to update return selection information.
- The return is next reviewed by an experienced auditor.
- At this point, the return may be accepted as filed, or if based on the auditor’s experience questionable items are noted, the agent will identify the items noted and the return is forwarded for assignment to an examining group.
- Upon assignment to a group, the return is reviewed by the manager. Items considered in assigning a case are: factors particular to the area such as issues pertaining to construction, farming, timber industry, etc. that have specific factors and rules that apply. Based on the review, the manager can accept the return or assign the return to an auditor. The assigned auditor again reviews the return for questionable items and either accepts it as filed or contacts the taxpayer to schedule an appointment.
Where will the IRS tax audit be held?
It depends on the type of audit being conducted.
Audits by Mail/Correspondence Audit.
Some IRS tax audits are conducted entirely by mail.
a. If the audit is conducted by mail, you will receive a letter from the IRS asking for additional information about certain items shown on the tax return such as income, expenses, and itemized deductions.
b. In-Person Audits are audits conducted either at a local IRS office or at your business location.
Can you request the IRS tax audit be conducted at the IRS office instead of at your place of business?
If the audit has been scheduled to be conducted at your location, it will generally be conducted where the books and records are located.
Requests to transfer the audit to another location, including an IRS office, will be considered but may not be granted. Treasury Regulation 301.7605-1(e), Time and place of audit, discusses the items considered when a request for a change in location is made.
Can the audit be transferred to another IRS office?
You can request a transfer of an audit if you have moved. Several factors will be considered such as your current location, the location of the business and where the books and records are maintained.
If the audit is by correspondence, you can request a face-to-face audit because the books and records may be too voluminous to mail.
How long should the records related to a business or other long-term asset be kept?
In the case of an asset, records related to the asset should generally be kept for as long as you have the asset plus three years.
If the asset was exchanged, the basis for the new asset may include the exchanged asset so the records for both assets will need to be retained until the new asset is disposed plus three years from the file date of the tax return for the year of disposition.
How far back can the IRS go to audit my return?
Generally, the IRS can include returns filed within the last three years in an audit. Additional years can be added if a substantial error is identified. Generally, if a substantial error is identified, the IRS will not go back more than the last six years.
The IRS tries to audit tax returns as soon as possible after they are filed. Accordingly most audits will be of returns filed within the last two years.
If an audit is for an older year, you may be requested to extend the statute of limitations for assessment of your tax return. The statute of limitations limits the time allowed to assess additional tax. The statute of limitations is generally three years after a return is due or was filed, whichever is later.
There is also a statute of limitations for making refunds.
If the audit is not resolved and the statute of limitations date is nearing, you may be asked to extend the statute of limitations date. This will allow you additional time to provide further documentation to support your position, request an appeal if you do not agree with the audit results, or to claim a tax refund or credit.
It also allows the IRS time to complete the audit and provides time to process the audit results.
You do not have to agree to extend the statute of limitations date. However, if you do not agree, the examiner will be forced to make a determination based upon the information they currently have.
Therefore, the examiner may not be able to consider additional adjustments, such as expenses, that could lower the amount of tax due.
Contact us today for initial tax consultation.
Ft.Lauderdale – IRS Tax Audit Representation Help, Former Local IRS Agents, Managers – Audit Experts
by Fresh Start Tax | May 13, 2013 | Tax Help, Tax Levy and Wage Garnishments
IRS Bank Account Levy Help, Former IRS – Stop IRS Bank Levy, Affordable 1-866-700-1040
If you have received an IRS bank account levy and need immediate tax help please contact us today and speak directly to former IRS agents, managers and tax instructors.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the Internal Revenue Service.
We have a 21 day window in which to get the money back from the Internal Revenue Service in full.
A Bank Cannot turn the money over to the IRS right away, they must wait.
There is a Holding Period for a IRS Bank Account Levy.
A bank must wait 21 calendar days after a levy is served before sending payment to the IRS.
On the next business day, it must turn over the taxpayer’s money. The depositor(s) can waive this waiting period. The bank will not send money that is subject to attachment or execution under judicial process.
A “Bank” includes credit unions, savings and loan associations, trust companies, and others described in IRC 408(n) and Treas. Reg. §301.6332–3(b).
If the bank receives no release, it must send the payment after the holding period. No additional notice is required.
What is a IRS Levy or Garnishment
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Tax Levies are much different from tax liens.
A tax lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt. A levy is an actual seizure of assets.
If you do not pay your taxes the IRS may seize and sell any type of real or personal property that you own or have an interest in.
IRS could seize and sell property that you hold such as your car, boat, or house or
the Service could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
What is required for an IRS bank account levy to be released ASAP
To get an immediate release of an IRS bank account levy a taxpayer will be required to give IRS a current financial statement.
That financial statement will be turned over to IRS on form 433-F.
That financial statement will need to be fully documented along with all copies of pay stubs, bank statements and a verification of all expenses. The Internal Revenue Service will review your financial statement and determine which of three closing categories that you will be placed into.
The Internal Revenue Service may place you into an economic tax hardship, IRS may recommend a payment or installment agreement or let you know that your are a suitable candidate for a tax debt settlement offer in compromise. Your financial statement will dictate the closing method that will be used by the Internal Revenue Service.
That is why it is critical to turn to an IRS tax professional to prepare, to contact the IRS, and to make sure the closing method IRS wants to invoke suitable to your current financial condition.
Rules of Bank Account Levies : IRS usually levy only after these three requirements are met:
- The IRS assessed the tax and sent you a Notice and Demand for Payment,
- You neglected or refused to pay the tax and
- The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS has options on methods of service.
- The IRS may give you this notice in person,
- leave it at your home or your usual place of business, or
- send it to your last known address by certified or registered mail, return receipt requested.
IRS can levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Notes about a Release of Levy
A bank account levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
If you do not like the results from the IRS Agent, Appeal
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice.
You must file your request within 30 days of the date on your notice.
Some of the issues you may discuss include:
- You paid all you owed before we sent the levy notice,
- The IRS assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
- IRS made a procedural error in an assessment,
- The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
- You did not have an opportunity to dispute the assessed liability,
- You wish to discuss the collection options.
IRS Bank Account Levy Help – At the conclusion of your hearing, the Office of Appeals will issue a determination.
You will have 30 days after the determination date to bring a suit to contest the determination. Refer to Publication 1660 (PDF), for more information.
You also may ask the manager to review your case for IRS Bank Levy Help.
If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals.
Levying Your Wages, Federal Payments, State Refunds, or Your Bank Account
If we levy your wages, salary, federal payments or state refunds, the levy will end when:
a. The levy is released,
b. You pay your tax debt, or
c. The time expires for legally collecting the tax.
Information about a Bank Liaison
The holding period was created to settle disputes about ownership of bank accounts before money is sent.
Sometimes ownership is not settled before the holding period ends. If this happens, ask the bank for more time.
Amount that Must be Surrendered for a IRS Bank Account Levy
The bank must send the amount in the taxpayer’s accounts. A bank levy attaches to any property or rights to property that belong to the taxpayer or on which there is a Federal tax lien, unless it is exempt. See IRC 6331, Levy and Distraint , for legal authority to levy. However, it must send no more than the amount shown on the notice of levy.
IRS Bank Account Levy Help, Former IRS – Stop IRS Bank Levy, Affordable
