“It is always important to check your mail as a Notice of Levy generally comes with appeal rights. The government cannot take anything from you without due process and with the IRS that process comes via mail. You must timely respond or you may lose your rights.”
- Alyssa Maloof Whatley
Pro Tip:
There’s no hiding from the IRS.
The IRS will track down your bank account using your social security number or even the banking information you provided on a prior return.
What Happens When The IRS Levies My Bank Account?
The levy is a collection effort by the IRS to be paid for back taxes, penalties, and interest you owe. Upon receiving a levy notice from the IRS, your bank will put a freeze on your available funds.
There is a 21-day holding period before the seized funds are sent to the IRS to pay off or pay down your obligation. Outside of those facing financial hardship, most taxpayers will have to come into compliance with all filings to have levied funds released back to them.
To determine your options for successfully navigating a bank levy release, you should speak with a qualified tax professional.
“As a CPA, I have worked closely with Alyssa to help with my clients' complicated tax issues. She is very honest, detailed, and responsive and will hold a client's hand until the issue is resolved and provide honest and clear advice along the way. I've seen her greatly reduce client's tax liabilities.”
“From the moment I started working with Alyssa, my distress & blood pressure decreased and my confidence increased that all of this would be okay! Super smart, very knowledgeable, and just delightful to work with. I'm so relieved and encouraged!”
“Alyssa and her team were fast, to the point and so professional with handling an issue I had with the IRS! She promised that the situation would be handled and in just a few short weeks she delivered on that promise. Thank you so much!”
“I find this attorney to be very honest and willing to assist her clients by guiding them in the right direction. I would recommend her to anyone that has a question on matters of her expertise. She is very knowledgeable and a pleasure to work with.”
“Alyssa is an amazing attorney! She is knowledgeable, efficient, and effective! Also, she is quick to respond, extremely pleasant, and very reassuring. We are so grateful for her expertise and help! Highly recommend!”
“Alyssa has helped me and my parents with an overwhelming tax issue. Something we never thought could be done. She's so kind, patient, thorough and knows tax law. I'd recommend her 100% to anyone when it comes to dealing with the IRS.”
“When I first spoke to Alyssa I was facing an IRS Audit for two years at the same time and felt extremely overwhelmed. Alyssa outlined a solid approach and was very easy to talk to and understand. My tax liabilities were brought down by 50%.”
“I was reluctant to reach out due to all the previous calls to other offices who where going to charge me more than what I owed on my taxes. I spoke with the Alyssa, she was very nice and it did not feel like a sales call. She helped me understand the type of letter I received and patient assisting me.”
“If you need legal assistance with your taxes, I strongly recommend Alyssa. Receiving a large tax notice from the IRS was very scary. Alyssa’s calm and level-headed demeanor helped ease my concerns. She responded quickly to my questions and knew just what to do.”
It’s important to engage a tax professional about your particular situation to assess your available options and to formulate an effective strategy.
