Enrolled Agent/ Certified Tax Resolution Consultant.
Education & Training with FishCoin Tax Solutions IRS 00139079-EA
I represent taxpayers in Twin Cities, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
When a taxpayer fails to respond to IRS requests for either missing tax returns or to provide financial information to help settle an outstanding tax debt, the IRS frequently resorts to enforced collection activities, i.e. levy.
A levy is literally the taking, or seizing, of a taxpayer’s property or income. There are 2 types of levies: a regular levy and a continuous levy.
A regular levy is a levy that attaches to property owned by the taxpayer at that moment. This can include:
The Bank Levy
A taxpayer needs to realize is that a bank levy only attaches to what is in the bank account at the moment the levy hits. Amounts deposited afterward, even the very next day, are not subject to the levy.
Banks will hold the levied funds for 21 days to confirm that the levy was not a mistake and then forward the money to the IRS.
A bank levy can be extremely intrusive and cause other financial distress when checks previously mail bounce when the funds are seized by the IRS.
Our advice to taxpayers wondering how to release an IRS bank levy Twin Cities, MN is that we must contact the IRS.
By having us make contact IRS we can generally get the levy released and help resolve the matter quickly.
If you should have any questions or concerns about how to release an IRS bank levy in the Twins Cities, MN, I would be happy to help. Please feel free to contact me anytime at (612) 516 5878 or e-mail at firstname.lastname@example.org
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