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The IRS Just Levied My Bank Account. What Should I Do?

irs bank levy Mar 11, 2019

I received a call from a taxpayer that his bank account had been drained and his rent check had bounced.  He was surprised as he had just been paid and there should have been plenty of money to cover all of his bills.  He was sure the bank had made a mistake.  When he contacted the bank, they informed him the Internal Revenue Service had issued a levy and the bank would be sending his money to the Internal Revenue Service.  He was in a panic when he called our office.  He had just been paid and without those funds, he did not know how he would be able to get to work, feed himself or his family or pay any of the monthly expenses.  Like many taxpayers, he was living paycheck to paycheck and did not have any savings.  The levy issued to the taxpayer wiped out and left him destitute.  A bank levy is financially devastating and immediate action is required.

When a taxpayer is aware of the levy, it is important to obtain a copy of the levy from the...

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