Few things are more alarming than checking your bank account and finding it frozen. If this has happened to you, the IRS may have issued a bank levy—a serious collection action used to recover unpaid taxes. But while the situation is urgent, it’s not hopeless.
At ONeill Tax Resolution, we help clients across the country stop bank levies fast, protect their assets, and resolve their tax problems for good.
What Is a Bank Levy?
A bank levy allows the IRS to legally seize funds from your bank account to cover a tax debt. Unlike a wage garnishment, which takes money over time, a levy can remove a large portion—or all—of your available balance in one go.
Even worse, this action can happen without a court order.
How Did This Happen?
Before issuing a levy, the IRS must:
- Assess the tax amount you owe
- Send a Notice and Demand for Payment
- Mail you a Final Notice of Intent to Levy and your right to a hearing
- Wait 30 days before proceeding
If you don’t respond, they can legally instruct your bank to freeze and send the funds directly to the IRS.
What Happens After a Bank Levy?
- Your bank account is frozen for 21 days
- During this time, checks may bounce and automatic payments can fail
- If no action is taken, the funds are transferred to the IRS
- Additional levies may follow until the balance is resolved
What You Can Do Right Now
Time is critical—but you still have options. At ONeill Tax Resolution, we move quickly to help you:
✓ Request a Levy Release – If you’re facing hardship or the levy was issued in error, we may be able to reverse it
✓ File Any Unfiled Returns – Compliance is key to negotiating with the IRS
✓ Establish a Resolution Plan – We’ll work with the IRS to arrange a payment plan or pursue a settlement, such as an Offer in Compromise
Let ONeill Tax Resolution Protect Your Finances
You don’t have to navigate this alone. Patti ONeill brings years of experience helping individuals and small business owners get relief from aggressive IRS actions. From stopping levies and garnishments to reducing overall tax debt, we’ll fight for the best resolution possible.
📞 Call ONeill Tax Resolution today for a free, confidential consultation. The sooner we act, the more we can protect.
