What is a bank levy?
Are you a Los Angeles taxpayer, or a business that got notified of a bank levy? Let’s start our discussion with what is meant by an IRS Levy, the term levy is the legal seizure of any property or asset that you hold or have an interest in so that a tax debt you owe to the IRS can be satisfied. This can be bank accounts in or outside of Los Angeles, other business assets and much more. When the IRS has determined that a bank levy is its best course of action in order to satisfy your tax debt, they have the authority to do so and do not need to seek a court order to proceed.
Legal Notification and help to release
While the IRS has the authority to use its levy power, it must, however, send you a Final Notice of Intent to Levy and Your Right to a Hearing letter. If you have received this letter you must reply if you hope to avoid the levy being enforced and the IRS seizing your bank accounts to secure payment of the tax debt that you owe.
Get help to release your bank levy today 1-877-788-2937.