http://www.irsproblemshouston.com/irs-bank-levy.html
An IRS Bank Levy occurs only after the IRS is unsuccessful at collecting from you. If you get an IRS Bank Levy heres what to do first.
The first step with an IRS levy is to check to see if there is a basis to get it released, while you work out a payment deal on your tax debt. Otherwise, your problems will only increase as you begin o bounce checks because the funds you thought were available in your bank account have been removed by Uncle Sam. Often our Trippon & Company CPA tax professionals are able to get a levy release for our clients. But, before getting into levy release strategies, lets first make sure you understand where you stand when the IRS uses a bank levy against you.
Of course, the best action for individual taxpayers is to resolve their outstanding tax liabilities before an IRS Bank Levy is assessed. When it comes with tax debts, it pays to be proactive.
Need help with an IRS Bank Levy? Call our Trippon & Company CPA office at 800-952-1099. We can represent IRS audit clients in all 50 States. Our phones are answered 24 hours a day, 7 days a week. Call now and well start protecting your bottom line TODAY!
You are well informed Tealy855. Good job. Not sarcasm. I just slammed the door on my bank after they started treating a Notice of Levy as a Levy.
libra8a 7 months ago
Who is liable to pay income tax ?
1. non resident alliens with domestic income
2. foreign corporations with domestic income
3. us citizens residing abroad with foreign earned income
4 withholding agents for the above
AND THAT IS IT !!!!!
Tealy855 1 year ago
IRS LEVY LIMITED TO FEDERAL DISTRICT ONLY Sec. 6331. Levy and distraint (a) Authority of Secretary..............Levy may be made upon the accrued salary or wages of any officer, employee, or elected official, of the United States, the District of Columbia, or any agency or instrumentality of the United States or the District of Columbia, by serving a notice of levy on the employer (as defined in section 3401(d)) of such officer, employee, or elected official. .....
Tealy855 1 year ago