Having a tax debt is never easy, no matter the monetary amount owed. An even worse situation is when the money you did have in your bank account disappears suddenly. The IRS issued a bank levy to satisfy a tax liability you had, and the money you needed for expenses is now gone. Does this sound familiar?
Bank levies are a means to repay a tax debt that you owe to either the IRS or the state you live in. The IRS can issue bank levies multiple times in order to satisfy the amount owed, so having money disappear from your bank account can happen many more times than just once.
However, there are ways to release a bank levy. Before the IRS receives the money from your bank, there is a 21-day waiting period before the bank releases the funds to them. By hiring a tax attorney or tax debt resolution firm, a bank levy can be released under certain circumstances. If you have received a letter from the IRS warning you of a pending bank levy or are currently under the effects of a bank levy, we can help you. Justice Tax, LLC specializes in resolving taxpayer’s tax issues, including IRS and state levies, garnishments, unfiled tax returns, and more. By calling us at 888-545-6007, we can provide you with a completely free, no-obligation consultation to go over your tax concerns with you and help you achieve freedom from your tax situation.