Bank Levy Release - Tax Relief Systems (2024)

You deserve financial security and the freedom to access your funds. Don’t let the IRS hold your finances hostage. Regain access to your hard-earned money with our expert assistance.

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Bank Levies

An all too Common Tax Levy

Imagine waking up to discover your bank account frozen. This nightmare is a reality for many, as bank levies are among the most common types of tax levies. When the IRS or state authority feels you owe them, they can instruct your bank to hold onto your funds, typically for 21 days, before using them to settle your debt. And while this drastic measure comes after several warnings, it often leaves individuals feeling helpless and searching for solutions.

Receiving a tax levy, especially on your bank account, can be stressful. It’s not just about the frozen funds but also the confusion, questions, and challenges that come with it. To help you better understand your situation, let’s take a closer look at the details of a tax levy.

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Bank Levy Release - Tax Relief Systems (1)

Tax Relief Systems

Your Shield Against IRS Bank Levies

At Tax Relief Systems, we understand the stress and uncertainty that comes with facing an IRS bank levy. We are a dedicated team of experts committed to helping individuals like you reclaim control over your finances. Our mission is to be your unwavering guide throughout this challenging process, providing you with the support and expertise you need to navigate the complexities of IRS levies successfully.

Put an End to Wage Garnishments and Employee Levies

Dealing with wage garnishment can be overwhelming, leaving you feeling powerless against the IRS. At Tax Relief Systems, we have extensive experience in handling various forms of employee levies, including 1099 wage garnishments. Our team knows the tactics used by the IRS to collect outstanding taxes, and we are here to protect your hard-earned income from being seized.

Expert Guidance Through IRS Levy Notices

When you receive a levy notice from the IRS, acting promptly and strategically is crucial. Our seasoned professionals at Tax Relief Systems are well-versed in dealing with IRS notices of intent to levy. We can analyze your situation, devise a tailored plan, and guide you through the steps to release the bank levy and resolve your tax issues effectively.

Mastering State Tax Levies on Paychecks

State tax levies on paychecks can compound your financial woes, making it challenging to meet your daily expenses. Our expertise extends to handling state tax levies, and we know the specific rules and regulations that govern each state’s tax collection practices. With Tax Relief Systems by your side, you can rest assured that you have a reliable guide to navigate these intricate state tax levy processes.

Unleash Your Financial Freedom with TRS Tax Resolution Services

Take the first step towards reclaiming your financial freedom. Let Tax Relief Systems be your shield against the IRS. Together, we will confront the challenges of IRS levies, wage garnishments, and state tax issues head-on. Click here to embark on a journey toward a secure financial future.

Let’s Confront the IRS Together

We make it easy

Our Streamlined Process for Tax Resolution

Schedule Your Free Consultation

Start by scheduling a free consultation with our experienced tax resolution team.

Expert Negotiation with the IRS

Once we have a comprehensive understanding of your tax issues, our skilled professionals will initiate direct negotiations with the IRS on your behalf.

Your Tax Issues Resolved

With our dedicated team by your side, you can breathe a sigh of relief as we work diligently to resolve your tax issues.

Initiate Your Bank Levy Release Now

Don’t wait

Act Now and Regain Control Over Your Assets

Seize the Moment, Not Your Assets

It’s important to act quickly when dealing with the IRS, as time is of the essence. Delaying can result in additional financial difficulties. Making the right choices can help you take control of the situation. Don’t risk losing your hard-earned money by not taking action.

Why Immediate Response Matters

It’s crucial to act quickly when faced with a levy. The clock starts ticking as soon as you become aware of the situation. Taking immediate action can prevent additional asset freezes, lower penalties, and even give you an advantage in negotiations. Hesitation can be detrimental in these circ*mstances; being proactive is vital in safeguarding your assets and financial future.

Empower Yourself: Begin Your Levy-Free Journey

Bank Levy Release - Tax Relief Systems (2)

The Risks of Ignoring Bank Levies

Protecting Your Financial Well-being

The Domino Effect: Ignoring One Levy Leads to More Troubles

When a bank levy goes unaddressed, it’s not just a one-time mishap; it’s the start of a domino effect. Ignoring the first tax bill you receive can lead to many other tax problems, including high-interest rates and harsh penalties that may negatively impact your finances for a long time.

More Than Just Levies: The Snowballing Tax Dilemma

Aside from the bank levy, you may encounter various tax-related issues. Unsettled tax debts can trigger additional levies on your other assets or, worse, lead to wage garnishments that can significantly affect your finances. These problems can accumulate and become a burden of financial distress.

IRS’s Tightening Grip: Understanding Property Seizure

If a levy on your bank account isn’t addressed, the IRS might take it a step further with property seizure. From your home to your car, the IRS can and will claim assets to settle your debt. Recognizing and understanding their aggressive tactics is essential to defending your property rights.

The Real-world Fallout: When Levies Dig into Your Income

Imagine living paycheck to paycheck and suddenly finding a significant chunk missing, thanks to a tax levy deduction. It’s not just numbers on a page; it’s the rent, groceries, school fees, and everyday living expenses. The real-world impact of such levies can be devastating, pushing individuals to the brink of financial ruin.

Don’t Wait – Begin Your Bank Levy Release Today!

Bank Levy Liberation

Celebrate Your Financial Victory Along With Our Other Successful Clients

Voices of Victory: Real-Life Triumphs Over Tax Levies

Hear from those who once stood where you do now – facing the daunting shadows of tax levies. Through partnering with TRS, they turned the tide in their favor, reclaiming their financial stability and peace of mind. Their testimonials echo hope and prove that with the right guidance, levies can be conquered.

This is just a summary of how tax relief systems saved my day . i really had gotten behind in my taxes i searched until i found the right tax attorneyi. I was several years and some months behind. so i reached out to him and asked if he could help me. in which he did so now i have to phone calls, or garnishment letters. i really want to thank mr. benfatti for all his help. and yes i would use him again. so thank you mr. joseph benfatti, for a job well done. very happy with the way things turned out.

kenneth harris

Chicago, Illinois

I was in debt with IRS needed assistance. I called Tax Relief Systems LLC and they were professionals from the start. Tax relief specialist Joseph Benfatti was excellent. He was able get my debt of $12,000 with IRS in non-collectable and stop any payroll garnishments and penalties that IRS was trying opposed. Tax Relief Systems LLC gave me and my wife fresh start on life. Thank you Tax Relief for outstanding work!! Greatly appreciate it!!

Joseph Smith

Omaha, Nebraska

I would like to thank Joe, Jeff, nd all the staff for being there helping me with my situation amazing people staff very professional always willing to work to resolve my situation and achieved it. I’m very thankful and blessed to have such a support network on my side thank you again, on a business level and also on a personal level, amazing people thank you . On a scale of 1-10, they are a 100 for taking care of you and making sure your worry free blessed … recommend them 100% give them a 10 star rating

Mario Lopez

Bakersfield, California

I cannot express enough thanks for Joe Benfatti with Tax Relief Systems for taking my case with the IRS. I have been trying to handle it on my own since 2014, owing $17,000+ to the IRS, things took a turn for the worse. After numerous conversations with the IRS I realized after all this time of me trying to do the right thing I was in way over my head. I started researching attorneys online that night and I found TRS. My case was resolved today (2019) and I’m smiling for the first time in a long time.

Debbie Davis

Norfolk, Virginia

Asset Recovery: The Joy of Reclaiming What’s Yours

The immense relief of securing your assets after a bank levy release is unmatched. It’s not just about the money; it’s about regaining your sense of control, rebuilding your life, and the confidence of knowing your hard-earned assets are safely back where they belong – with you.

A Bright Horizon: Envisioning a Levy-Free Future

With the weight of levies lifted, you are free to look ahead with optimism. Imagine a life where financial hurdles are things of the past, where you can make plans without the looming threat of IRS intervention. TRS paves the way for such a future, offering you a roadmap to lasting financial tranquility.

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Bank Levy Release FAQ

Understanding and Addressing Your Concerns

The Moment You Realize: Unpacking the Reality of IRS Bank Levies

Still have questions? Reach out to our experts.

Bank Levy Release - Tax Relief Systems (2024)

FAQs

Can I deposit money after a bank levy? ›

The date and time of delivery of the levy is the time when the levy is considered to have been made. In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.

Can levy be reversed? ›

Can an IRS tax levy be reversed? The answer is yes, but how it happens depends on each taxpayer's individual situation. The best thing you can do for yourself if the IRS seizes your assets, bank account, or wages is to pay your debt in full.

How long does it take for a levy to be released? ›

Most Common Type – Bank Levies

A bank levy can be attached to personal checking and savings accounts as well as business accounts. When the bank receives the levy notice, they are required to freeze current funds up to the amount owed. These funds must be held for 21 days before releasing them to the IRS.

Can I open a new bank account if I have a levy? ›

Bank accounts in states with favourable wage garnishment and bank levies protection may be necessary so that if your creditor freezes your account, all you have to do is create a new account elsewhere.

How long can bank hold funds on levy? ›

A levy on deposits held by a bank applies to those funds on deposit at the time the levy is made, up to the amount of the levy, and is effective as of the time the levy is made. No withdrawals may be made on levied upon deposits during the 21-day holding period, or any extension thereof.

How do you get a tax levy removed? ›

Contact the IRS immediately to resolve your tax liability and request a levy release. The IRS can also release a levy if it determines that the levy is causing an immediate economic hardship. If the IRS denies your request to release the levy, you may appeal this decision.

Can you negotiate a bank levy? ›

Try to negotiate with the creditor, suggesting either a repayment plan or a settlement offer for less than what you owe. Check if the debt is beyond the statute of limitations. If the debt is so old that it's beyond the statute of limitations in your state, you can dispute the bank levy and have it removed.

What money cannot be garnished? ›

You'll have to go to court to prove the money comes from protected benefits. So, credit card companies, medical services providers, and other commercial creditors generally can't garnish Social Security and other federal benefits.

How do I reverse a bank levy? ›

The fastest way to stop a bank levy is to pay the balance in full. Once you pay the balance, the creditor can no longer levy your account, but unfreezing your account may take extra time.

What qualifies as an IRS hardship? ›

An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.

What states do not allow bank levy? ›

Bank garnishment is legal in all 50 states. However, four states prohibit wage garnishment for consumer debts. According to Debt.org, those states are Texas, South Carolina, Pennsylvania, and North Carolina.

What bank account can the IRS not touch? ›

Certain retirement accounts: While the IRS can levy some retirement accounts, such as IRAs and 401(k) plans, they generally cannot touch funds in retirement accounts that have specific legal protections, like certain pension plans and annuities. 7.

What type of bank account cannot be levied? ›

About bank levies

Some kinds of deposits can't be taken (they're exempt), like Social Security or Supplemental Security Income. Exemptions From the Enforcement of Judgments (form EJ-155) has a complete list. Enough money to meet basic needs must be left in the account. The exact amount changes every year.

How to get IRS levy release? ›

You may appeal before or after the IRS places a levy on your wages, bank account, or other property. After the levy proceeds have been sent to the IRS, you may file a claim to have them returned to you. You may also appeal the denial by the IRS of your request to have levied property returned to you.

What happens when they levy your bank account? ›

A bank levy is when the sheriff's office takes money from your bank account to pay the judgment creditor (person the judge ordered you to pay) or debt collector. Some types of income are protected, or exempt, from a bank levy. If protected money was taken, you can get it back by filing a Claim of Exemption.

Does a tax levy freeze your bank account? ›

Subsequent to unaddressed notices, the IRS may issue a final warning, known as the Notice of Intent to Levy. This notice signals the IRS's intent to take further action, including freezing the individual's bank account.

How long does it take to put a levy on your bank account? ›

Generally, the IRS can't issue a tax levy until it sends out several written notices—generally four. It can take up to six months or even longer from the due date of your payment, until the IRS can legally levy on your bank account. The last of the IRS notices is known as a Collection Due Process Notice.

Can a bank garnishment be reversed? ›

If your wages or bank account have been garnished, you may be able to stop it by paying the debt in full, filing an objection with the court or filing for bankruptcy.

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