IRS Tax Levy

Levy is a legal sezuire of property to satisfy a tax debt. In case a person doesn't satisfy the tax debt.

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Tuesday, 17 December 2013

What Do You Do If The IRS Levies Your Bank Account?

When IRS issues levy on your bank account, it means that you are a tax offender, whose tax balances has become delinquent prompting IRS to enforce collections. Government allows IRS levy on bank account without the need for court warrants. So, don’t be surprised if IRS freezes your bank accounts. But believe this, IRS is one creditor that you should avoid at any cost. This is because IRS has the authority to take funds from your bank,...