IRS Bank Account Levy ? Can They Really Take All The Money In My Account?
You have just come off the bench and found out that you have a levy on your bank account. This can be a devastating thing. You may have already discovered, what difficulties it is in you and your family’s life. They ask, “What do I do now?”
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There are many reasons why the IRS would put a levy on your bank account. Here are a few:
• You have unpaid taxes to the IRS
• You can not have filed tax returns some
• You have recentlyhave moved and not received your IRS notices were
• You default on your installment agreement with the IRS
The IRS uses taxes as a way to punish you, the taxpayers, not for paying your taxes. A Notice of Levy will be served to their bank and will be linked to your account. The IRS can do anything. The good news is that not the bank give the money to the IRS for 21
