When it comes to owing the IRS money, they can and will come after you to collect it. They want their money, and they will make sure they get it, sometimes, in the form of what is known as a bank levy. A bank levy is a forcible action that the IRS can take against you when you owe a tax liability and they have not been able to collect on it. During a bank levy, the IRS will seize your bank accounts and withdraw the money that you owe them. If you are someone who lives paycheck to paycheck then this can be a huge blow to your financial situation.
If you have been notified of a bank levy, there is no time to waste, and it is important that you act quickly. Leading Tax Group has many years of experience helping clients just like you through these types of tax situations. Call our office today to discuss your current situation with our team.
If you have an impending bank levy, stop wasting time, and reach out to Leading Tax Group today. We are here to help you and we have been named number one for our IRS bank levy release services in San Diego. Let us protect your money and bank accounts now!
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Once a bank levy has been initiated against you by the IRS, you only have a limited time to act on it. If you do not respond to the IRS, they will move forward with the levy and seize your bank accounts. Once your bank accounts have been seized, the account itself is frozen, which means you cannot withdraw any funds from it. This can create a very dire situation for many individuals and leave them without any source of funds.
Fortunately, it is possible to have a bank levy released with the help of a tax expert. The IRS is unlikely to release a levy for individuals simply because they ask. An experienced IRS bank levy release expert can assist you in making sure that you properly apply for the release and meet the requirements needed to ensure the levy is lifted. It is no easy task, but with the help of Leading Tax Group, you can protect your bank accounts and income.
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