In order to recover tax debt owed by an individual or business, the IRS may issue a levy against the debtor’s bank accounts. When the IRS issues a bank levy, your bank is required by law to freeze all of your accounts. You then have 21 days to resolve your outstanding tax debt. If the debt is not settled by that time, the bank must send funds directly to the IRS from your accounts.
In addition to bank accounts, the IRS may put a levy on your social security or retirement benefits. Such levies may also be applied to accounts receivable for businesses with outstanding tax debt.
Rely on Experts
Due to the complexities surrounding IRS tax collection methods, it is essential that you rely on tax resolution experts to navigate the intricate laws and policies followed in tax collection. Guardian Tax Resolutions will work diligently to reverse a tax levy, recover money seized and begin negotiating repayment options. Our team is committed to solving your tax debt problems for a fraction of what you currently owe the IRS.
If you are already experiencing tax collection pressures from the IRS or are concerned about future action taken to collect a tax debt you owe, please contact us today. Guardian Tax Resolutions has a premier tax resolutions team committed to providing outstanding results by utilizing careful evaluation and strategies for our clients. Do not face the IRS alone. Contact us immediately to overcome IRS levies and regain control of your finances.