IRS Tax Levies

IRS Tax Levies & Bank Levy Release

If you have received an IRS Notice of a Bank Levy as the result of unfiled income taxes, time is of the essence. When the IRS issues a Bank Levy, your bank is legally obligated to freeze all of your accounts for 21 days. During this three week period, you are given the time to resolve your back tax debt with the IRS. If you do not take action to address your unfiled income taxes and your tax problem during this time, the bank sends your funds to the IRS to cover your tax debt. Once the bank has sent your money to the IRS, it is almost impossible to obtain a refund and get your money back. As a result, the 21 day freeze period when your bank still has your money is essential.

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Contact us immediately upon receiving an IRS Notice of a Bank Levy, and we can request a Stay of Collections with the IRS for up to a 90-day period, protecting your funds from being levied. During this period, we can examine your tax situation and find a solution like an Installment Agreement or an Offer in Compromise that will provide you with a measure of tax relief and address the problem of unfiled income taxes. Remember: When you are dealing with the IRS, you are facing the largest and most powerful collection agency in the world. Do not go up against such a powerful force by yourself!

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If you owe back taxes and the IRS has been contacting you, do not be fooled into believing your bank account will not be levied. In the fiscal year of 2007, the IRS issued over 3.5 million levies against taxpayers. Incredibly, since 2000, the number of IRS levies has skyrocketed. Given the current economic conditions and the strains brought on by the recession, imagine how many more levies now will be issued as the IRS goes after back taxes owed with a renewed vigor and determination.

Do not believe that you will be the exception to this rigorous collection policy. Without the benefit of trusted representation like Peter Stephan and the Tax Experts at the Tax Resolution Institute, you can find yourself facing a bank levy and freezing of all of your available funds. In addition, the IRS can levy and seize funds from any institution, business or individual that has funds belonging to you. In addition, the IRS can seize funds from your insurance company, your escrow holdings, and your stockbroker.

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We can’t help until you contact us. Click here to fill out our simple
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Not only will the IRS issue a levy against your bank, they also will contact your stockbroker and issue a levy against your stock holdings. When your stocks and bonds are frozen for 21 days, they cannot be traded or cashed out; the status of the financial markets simply does not matter to the IRS in such a tax situation. Even if a stock you own goes through the roof, potentially providing the money needed to cover your back tax debt, you will be frozen out, unable to sell your holdings and ensure your financial future.

If you fail to take action, you could lose your financial holdings across the proverbial board. In addition, you will have to pay your tax debt, including all of the penalties and the interest, in a single devastating chunk that will leave your accounts resembling a withered husk. Since we have extensive experience with bank levy release negotiations, we can help you protect your future before it is too late to take the right action. We can stop a bank levy against you by the IRS from happening, but we must begin immediately.

Please Do Not Hesitate. Contact Us Today – 800-401-5926.

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