Bank Levy Release

How To Release and Stop a Bank Levy By The IRS or The State

When it comes to discovering creative ways in which to stop a bank levy by the IRS or the State you should remember the age old saying: “prevention is the best cure”. The best way to come out of a bank levy or potential bank levy unscratched is to avoid one all together. If you have found yourself in a position where a bank levy appears to be looming on the horizon, consider some of the methods below for clever ways to release and stop a bank levy by the IRS or the State.

When trying to stop a bank levy by the IRS or the State, time is of the essence. You have 21 days in which to achieve your goal from the date the levy is issued until the IRS will have the money from all of your bank accounts and holdings in their coffers. It doesn’t matter what the money was earmarked for or who else had a name on that account. The IRS will seize it all and may or may not sort it out later. The consequences could mean the loss of your home, defaults on student loans, and all manner of financial disaster for those who fall victim to this punishment issued by the IRS or the State.

The best course of action of course is to pay off your entire tax debt. This will immediately release you of your obligation to the IRS and or the State and the bank levy will no longer be needed. However, if you act before the levy is issued you may find that you can stop a bank levy by the IRS or the State all together by paying even less than you would need to pay once the wheels of the levy are set into motion.

Contact our firm today to see if you qualify for some sort of tax relief, can make payment arrangements, or might make a lesser payment for the total tax debt and still have the IRS or the State forgive the remainder of your tax debts. Action that is taken in good faith is much better than burying your head in the sand and hoping it will go away. The penalty for ignoring the tax problem is usually much more severe than if you tried to make arrangements to release and stop a bank levy by the IRS or the State from the very beginning.

The best thing you might want to consider when it comes to how to release and stop a bank levy by the IRS or the State is procuring the service of an experienced tax professional, like Mike Habib, EA. A qualified and experienced tax professional that specializes in tax problem resolution is your best chance at recovering the use of money in your bank accounts. Though bank levy releases are quite hard, your best opportunity for obtaining one is by having someone with knowledge and training in this matter to take up the argument on your behalf. We might also help you buy time, which in this instance is often the most important asset we can provide you with.

The steps mentioned above will go a long way towards stopping a bank levy by the IRS or the State. When honest people get in over their heads with tax debts, there are options available to help release and stop a bank levy by the IRS or the State. Contact me today and see what I can do for you.

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.