With an IRS bank levy, the IRS will contact your bank and freeze your bank account. After 21 days, your bank is required to send the funds plus interest. In many cases, the IRS may not levy your bank account and instead levy your wages. If you have enough money in your bank account to … Read more
If the Internal Revenue Service has placed a tax levy on your wages, you need the help of a tax professional, now. The Internal Revenue Service can seize approximately 75% of your income out of every paycheck. How can you expect to survive on 25% of what you earn? It’s a proven fact that the … Read more
Hopefully you never have to deal with a tax levy imposed by the IRS. Unfortunately, many people do have to face this reality every year. A tax levy is pretty simple to understand. This is a legal process in which your property is seized to satisfy tax debt. In other words, if you owe money … Read more