It all started. . . If you owe the IRS in back taxes, you've known about it for awhile. You've probably gotten a few letters demanding payment but none of them seemed like the last one you got. It said Final Notice and Intent to Levy. It says the IRS demands you pay the debt or they will implement a bank levy. If you don't know what that means, you certainly will. Read ahead and learn about what you're in for:
Locked Out: So a few days later you're driving around and you notice that you need gas. You stop at the local station and insert your card; Declined. You try again, same thing. How could this be? You just put over $500 dollars in your account. Unfortunately, the IRS followed through with their promise and levied your bank account. That means your debit card is worthless, and any money you had in the account belongs to the IRS. Plus, if you have direct deposit, the IRS has legal rights to all of those monies as well.
The Bank: You decide you're going to march right over to the bank and demand they stop this. But the manager informs you that she has no say in the matter, and she's right. The IRS can implement a levy at any time, for any amount of time, and the bank has absolutely no choice but to let it happen. As a matter of fact, if the bank interferes, they could get into some pretty hot water.
Can Anyone Help? Depending on the case specifics, you can get a bank levy removed. It's going to take work and you must set up some kind of payment arrangement with the IRS in order to do so. If you work with a good tax professional, this can be quite a relieving process. No one wants to go through life knowing they can't use their own bank account. So the next time you're filling up, remember the consequences to ignoring tax debt.
Now you have the Smoking Gun. . . Use It!
Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips on removing wage, bank, and tax levies; and arms you with the skills to slash your tax debt. Visit at: http://www.irs-tax-levy-hq.com
Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058