Collection Methods > Bank Levy

Need to Stop your Bank Levy right away?
Contact us now! Let us stop it for you!

The IRS has the right to issue a bank levy on a bank account that bears the name of a taxpayer who owes the IRS money after providing adequate notices to the taxpayer.

Notice constitutes several letters with the final letter bearing a Final Notice of Levy. After the IRS has sent out the Final Notice of Intent to levy, it can issue a bank levy after 30 days from the date of the letter.

A Notice of Levy is sent to the taxpayer’s bank and it attaches to all accounts in the name of the taxpayer regardless of a sole or joint account.

The bank is legally obligated to honor the levy. The levy freezes the funds on deposit in the account for 21 days. On the 21st day, the bank must send the frozen funds to the IRS.

A taxpayer may be able to release the levy if he/she can proof that it is causing financial hardship.

Let our experienced Tax Consultants listen, analyze your problem and provide you with your options. Remember, there is No Obligation!

Call our toll free number 866-461-9924 for a free half-hour consultation.

At STR, we specialize in dealing with the Internal Revenue Service. We provide a variety of resolutions to meet your needs. STR understands that each and every client is unique and requires diverse attention. Our goal is to put you in the best possible financial position. We can work on achieving this together. Get the relief you need today! We have the knowledge, expertise and years of experience to significantly reduce your tax debt. We want you to know you have OPTIONS so call us today at 1-866-461-9924 for your free confidential consultation or fill out the form and an experienced Tax Resolution Consultant will contact you within the next 24 hours.

Name:
* Please specify both your first and last name. 
Email:
*
Phone:
* Please specify the best number to reach you at if you'd like to be contacted by phone. 
Alt Phone:
If you have a secondary number (i.e. cell phone number) please specify here. 
Best way to reach you:
Preferred time of day to contact you:
Federal Taxes owed?
Other info/comments about your IRS situation:
How did you hear about us?
*required fields