An IRS bank levy is serious business, and it can easily threaten your financial future as a Los Angeles entertainment professional found out first-hand. As a producer on reality shows, the business life of the Los Angeles entertainment professional was a roller-coaster ride of ups and downs. When he had a hit show, everything was golden, his bank account was fat and his family went on expensive vacations. When a project wasn’t picked up for production and a great notion for a reality show went down the drain, the opposite was the case. But an IRS Bank Levy was an impossibility, right?
Always believing the next golden goose was around the corner, the Los Angeles entertainment professional spent like crazy and built up hefty credit card debt that was flanked by mortgages, car payments and private school tuitions. In other words, his nut was huge, his savings small. As a result, the place where he chose to cut corners was when it came to his IRS income taxes.