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Over 750 Million Tax Liability Removed from Our Clients

Is the IRS Levying Your Bank Account? LifeBack Tax

Is the IRS Levying Your Bank Account? - LifeBack Tax

Are you facing a bank levy from the IRS? Having your bank funds seized can be terrifying for individual taxpayers and small business owners alike. But don't panic. We at LifeBack Tax are dedicated to assisting struggling taxpayers like yourself against the IRS.

The Internal Revenue Service starts seizing assets 30 days after sending a Notice of Intent to Levy. When the IRS targets your bank account, it contacts your bank and has them freeze the available funds in your account. However, the IRS doesn't take your money right away. Instead, you have 21 days before the bank sends your funds to the IRS.

This 21-day period provides you with an opportunity to arrange with the IRS to have the bank levy removed. The IRS will lift a bank levy if your balance is paid in full, or if you set up a payment plan with the IRS to pay your tax debts. If you were already struggling to pay your taxes due to your financial situation, the IRS may agree to release your bank levy on the basis of economic hardship. This often requires extensive financial documentation to demonstrate that the bank levy will affect your ability to cover your regular living expenses.

Negotiating with the IRS on your own can be a lengthy, exhausting process, and you may find is very challenging to finalize an agreement with favorable terms before the IRS seizes your bank funds. Here at LifeBack Tax Relief, we specialize in finding quick, fair tax solutions for taxpayers in need. Contact us right away, and we will represent you to the IRS and have your bank levy released as soon as possible.

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Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers

Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants

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Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents

Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents

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