Bank Levy and the IRS
When the IRS gets impatient about waiting for payments, they may sometimes place a bank levy on your bank account. This means that they freeze your account, take all money currently inside that account, and also take money from future payments into the account until they are satisfied. a bank levy can be very detrimental. This also applies to any account that you have legal access to, including ones in which you are Power of Attorney; therefore, it can affect your family, as well. The OIC Tax team can help you by working with the IRS to establish a payment plan. There is a possibility that they may unfreeze the accounts as long as a plan is in motion. Please call us today to protect your family from financial difficulties resulting from IRS seizure of your bank account.
Yes, the IRS has the ability to take control of your bank account if you are behind on payments or do not get back to them in a timely manner. They will prevent you from having access to it, while taking all money that enters the account. Do not get caught up in a Bank Levy. Call OIC Tax Services today. We will do whatever we ca to prevent a bank levy from happening to you.
With a tax levy, the IRS can seize your assets, including your bank accounts, leaving you with little or no funds. But luckily, tax levies can be stopped. To avoid or stop collection actions, it is imperative that you get professional help immediately. Don’t let the IRS threaten you with a tax levy. Protect your assets and the life you’ve worked so hard to build.
For a free confidential consultation, please give us a call at 916-331-2011 or fill out the confidential questionnaire and one of our tax professionals will contact you.