IRS Seizure of Bank & Wages -IRS Levy Help – Attorneys, Lawyers, Form IRS 1-866-700-1040
Do not let the IRS seize your bank account or your hard earned wages.
Call us today and we can get you immediate IRS levy help and get your funds back in your hands.
We are comprised of tax attorneys, tax lawyers and former IRS agents and managers who have over 205 years of total tax experience to help you not only get your money back but to settle your tax case.
What does IRS Levy?
IRS levies bank accounts and wages because taxpayers do not respond to the IRS notices and the letters that are sent to last known addresses.
Many times taxpayers never received the last notice because they’ve moved or mail hasn’t been forwarded.
As a result , the IRS systematically sends levy’s out with the help of the CADE 2 enforcement computer to the last known employer and last known bank account information that they have on you in their IRS system.
Simply by giving IRS a current financial statement along with documentation and letting them know an exit plan on your case, IRS will systemically remove any IRS levies on bank accounts or wages. IRS will require a form 433-F to be used as the main tool to make determinations on how levy’s will be released. That form is the IRS financial statement. You can find this form on our website.
If you have any questions contact us today and see how easy this process of getting a release of bank account levies or wage garnishment levies.
What is a IRS Tax Levy
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Tax Levies are different from liens.
A lien is a claim used as security for the tax debt, while a levy actually takes the property or seizes the property to satisfy the IRS tax debt.
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 or 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).
IRS can only levy if:
IRS usually levy’s only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You neglected or refused to pay the tax; and
3. 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.
Delivery Methods of Final Notices
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.
If the IRS determines the levy is creating an immediate economic hardship the levy may be released.
A 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.
To help ensure quick action, please have the fax number available for the bank or employer office that is processing the levy.
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.
IRS Seizure of Bank & Wages -IRS Levy Help – Attorney, Lawyers, Former IRS
