How Bank Levies Work LifeBack Tax

How Bank Levies Work - LifeBack Tax

A bank levy is a type of levy in which a debtor's bank account is frozen, permitting creditors to seize funds directly from a debtor's bank account to cover any debts owed. Any funds in the debtor's bank account remain frozen for the duration of the bank levy. A bank levy may be issued without warning, and creditors may issue a bank levy multiple times until any debts are repaid. Bank levies are one of several extreme measures that the IRS and state tax agencies may employ in order to collect unpaid taxes.

When the IRS issues a bank levy against a taxpayer, any funds in the taxpayer's bank account are frozen, and the taxpayer is given 21 days to pay any federal taxes owed. At the end of the levy period, if the tax liability remains unpaid, or no resolution has been negotiated with the IRS, the bank turns over the taxpayer's funds to the federal government to pay off the taxpayer's debt. The IRS may enact bank levies on personal or business accounts, depending on the type of tax owed.

A bank levy from the IRS puts a dire burden on taxpayers who may already be struggling to pay their taxes. By freezing bank accounts, a bank levy cuts taxpayers off from funds needed to pay bills and living expenses. Worse yet, taxpayers risk losing their assets to the government if they are unable to pay their tax debt within the bank levy period.

If the IRS or a state tax agency has issued you with a bank levy, we at LifeBack Tax Relief can protect your assets from the government. We are committed to defending taxpayers, and can negotiate with the IRS or your state's tax collection agency to have your bank account released.

Fast and Easy 4 Step Tax Relief

Step 1

Tax Investigation determin your tax liability

Step 2

Retrieve all documentation from the IRS

Step 3

Calaculate tax liability and current ability to pay

Final Step - Execute offer in compromise get your Life Back

IRS Tax Resolution - Get your Life Back

The fast path to tax resolution can be yours and you can get back to your life. We have a 4 step process that's easy for you. Don't worry about the State or IRS we take care of everything for you. We collect your data, contact the tax agency for you. We handle all negotiations to the tax debt entity so you don't have too. Within 24 hours we stop the wage garnishment or levies so you can focus back on your life.

Get your life back today, move on, go out have some fun let us handle all your worries with your tax debt. Our trained professionals will get that tax settlement for you and you'll be happier for it. At LifeBack Tax our job is your complete satisfaction.

Start Now Settle Now

Why put off what you can do today. Some customers have been putting their tax debt off for years. There is no reason, you have rights. We understand that a bank levy, or wage garnishment can have a severe impact on your life. It can be quite devastating trying to pay all your bills and feed your family while you are being levied or garnished. LifeBack Tax stops all that within 24 hours. Get the IRS off your back today, you have rights and we will represent them and make this as fast and painless as possible for you.

What are you waiting for this is your one opportunity to act now and take your life back. Let the experts at LifeBack work for you and settle this for you once and for all.

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Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers

Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants

Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents

Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents

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