IRS Levy Notice – Bank & Wage Levy Lifted NOW – Tax Attorneys, Former IRS Agents

April 3, 2013
Written by: Fresh Start Tax

 

 

IRS Levy Notice – Bank & Wage Levy Lifted NOW  1-866-700-1040

 
If you have received an IRS levy notice contact us today for a no cost tax consultation and find out the different tax options available to you as a result of your IRS levy notice.
We can help and fix the problem permanently and settle your tax case as well.
IRS sends out approximately 4,000,000 notices of Federal Tax Levies every year.
Those levies affect taxpayer bank accounts and taxpayer wages.
Both IRS levies are different.
 

Bank Account Levy Notice

A levy on a bank account is literally a freeze on your account for the 21 days including the date on your levy. You may use your bank account freely during the 21 days. However on the day that IRS actually sent the levy to the bank, those funds will be frozen. The 21 day period allows a taxpayer to call IRS and get a release of the IRS levy. We can make this happen for you so do not panic.
 

A Wage Levy Notice

 
A wage levy is a continuous levy and your wages will not be released until you call the IRS and employer obtains a release of Levy.  Therefore the difference between a bank levy and a wage levy is this; where the bank levy acts as a freeze for 21 days and is a one time seizure a wage levy is a continuous garnishment of wages and it will not stop until the IRS sends the release.
 

What The Notice of Levy is telling you.

 
What is the  IRS Levy Notice telling me?
This notice is telling you that the IRS intend to issue a levy against your bank accounts, wages or other assets because you still have a balance due on one of your tax accounts.
It is also telling you that the IRS will begin searching for other assets on which to issue a levy and that we may also file a Federal Tax Lien, if we have not already done so.
 
What do I have to do?
Pay the amount due as shown on the notice or call the IRS and explain why the taxes cannot be paid in full.
 
How much time do I have?
You should contact us or pay your balance due immediately. Enforcement action may be taken to collect that balance due 30 days after the date of this letter.
 
What happens if I don’t pay?
If you don’t pay or make arrangements to pay, the IRS have several options available that we may use to collect the money.
1. IRS will issue a levy against your state tax refund, wages, other income sources, or bank accounts.
2.IRS will file a Notice of Federal Tax Lien. The lien gives us a legal claim to your property as security or payment for your tax debt.
 
What if I don’t agree or have already taken corrective action?
If you do not agree with this notice, you have the right to an appeal.the number printed at  If you called us about this matter before, but we did not correct the problem, you may want to contact the Office of the Taxpayer Advocate.
 
Call us today and speak directly to tax attorneys, tax lawyers, certified public accountants in former IRS agents. We are A+ rated by the Better Business Bureau that have been practiced since 1982. We offer nationwide tax relief.
IRS Levy Notice – Bank & Wage Levy Lifted NOW – Tax Attorneys, Former IRS Agents

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