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Basics of Bank Levies

There are a number of different kinds of levies that can be used against a debtor, but probably one of the most disruptive kinds that the IRS can file against you is a bank levy. When the IRS orders a bank levy, your bank accounts can be completely frozen and all of the funds within it can be seized, up to the amount of debt that is owed to the IRS. If there is not enough money in an account to pay the debt, your account may be completely emptied and your access to it frozen.

Facing a bank levy can be extremely distressing, but you may not have to face this situation unassisted. By contacting the experienced tax relief attorneys of the Tax Relief Law Center, you may be able to fight against a bank levy and other IRS actions against you. Contact us today by filling out our contact form at the top of this page.

Why Are Bank Levies Ordered?

Bank levies can be used for a number of reasons, but the IRS tends to utilize them when they believe that you owe money to the government and are intentionally avoiding repayment. These levies can:

  • Force contact with the IRS
  • Force a debtor to pay debts
  • Pay back debts with seized funds
  • Be used more than once

Bank levies can cause you extreme stress and can disrupt your financial stability excessively. However, an experienced tax attorney may be able to help you find another way to pay back your debts.

Contact Us

If you or someone you know is potentially facing a bank levy or other IRS action, contact a tax relief lawyer of the Tax Relief Center today by completing our contact form above.