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Bank Account Levy

What to do if the IRS Threaten to Levy Your Account

When it comes to paying your taxes, the IRS does not mess around. Get on the wrong side of the taxman and boy, will you know about it. If the IRS threaten to levy your bank account, you had better take this threat seriously. A bank account levy is an action enforced by the IRS or the state when they determine that an individual owes them back taxes or unfiled returns. Remember, a bank account levy is usually only used as a last resort, when an individual has ignored multiple requests to pay their tax bill. When a levy is put in place, the individual or business taxpayer in question basically has their bank account frozen, as they cannot access their funds or transfer funds. After 21 days, the bank will remove funds from the taxpayer’s bank account, and send them to pay the IRS the back taxes that they believe they are owed.

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But what can you do if the IRS threaten you with a bank account levy? Well, let’s take a look, shall we?

Hire professional tax representation firm – One of the first things you should do when the IRS or the state threatens to levy your account, is to contact our professional tax representation firm. We have years upon years of experience in this field, and we can deal with all of your tax-related worries, unpaid taxes, unfiled returns, other enquires effectively and efficiently. Contacting our tax relief experts will also provide you with peace of mind, which will help set your mind at ease, which is a huge bonus in itself.

Set up a payment agreement – Now, assuming that the IRS or the state tax agency haven’t made a mistake, and, for whatever reason, you haven’t paid your tax bill, the last thing you want is for a levy to be placed on your bank account. What can you do? Well, you can contact our firm to set up some sort of payment agreement with the IRS or the state tax agency. This could be beneficial for both parties, as we are likely to negotiate for you so that we can set up a small payment plan that is affordable for you, and convenient. This is also much better than paying off one huge lump sum in one go. We negotiate the lowest settlements based on your financial situation, and not based on IRS’ demands.

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Can’t pay at all – If times are hard, believe it or not, but the IRS are not monsters and they are willing to reach a compromise. Say for example, you don’t currently have an income, or your living expenses exceeds your limited income, we negotiate a CNC hardship for you, so the IRS will place you in CNC ‘currently uncollectable’ status, which is exactly as it sounds. It means that they will leave you alone and leave you to get your finances in order.

Appeal the decision – If you do feel that the IRS or the state tax agency have made a mistake, or causing hardship, you will have 21 days to file an appeal and let them know that you are seeking help and appealing their levy decision. Again, this is where our tax relief experts prove so useful in resolving your back taxes or unfiled returns.

Get a Free Case Evaluation Today at 877-788-2937

Mike Habib is an IRS licensed Enrolled Agent who owns and operates a specialized tax representation firm serving individual and business taxpayers seeking bank levy release in various metro areas such as Los Angeles, Whittier, Pasadena, Glendale, Burbank, Orange County, Riverside, Palm Springs, San Bernardino, Palmdale, Bakersfield, New York, New Jersey, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, San Jose, Detroit, Jacksonville, Indianapolis, San Francisco, Columbus, Austin, Memphis, Fort Worth, Baltimore, Charlotte, El Paso, Boston, Seattle, Washington DC, Milwaukee, Denver, Louisville, Jefferson, Las Vegas, Reno, Hempstead, Tucson, Nashville, Davidson, Portland, Tucson, Albuquerque, Santa Fe, Anchorage, Atlanta, Long Beach, Fresno, Sacramento, Mesa, Kansas City, Cleveland, Virginia Beach, Omaha, Miami, Oakland, Tulsa, Honolulu, Minneapolis, Pittsburgh, Colorado Springs, Arlington, Wichita, Birmingham, Montgomery, Tampa, Orlando.

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Bank levy release, IRS and state representation help for clients throughout Southern California including Norwalk, Santa Fe Springs, Downey, Pico Rivera, Montebello, Hacienda Heights, La Habra Heights, West Covina, La Habra, Brea, Fullerton, Yorba Linda, Cerritos, La Mirada, Lakewood, Anaheim, Santa Ana, Long Beach, Compton, Torrance, Los Angeles, Pasadena, Beverly Hills, Santa Monica and throughout Los Angeles County, Newport Beach, Irvine, Orange County, Corona, San Bernardino County, Riverside County, the Inland Empire, the San Fernando Valley, Ventura county, and the San Gabriel Valley.

Client Reviews
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.
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