Few things are more stressful than discovering your bank account has been frozen due to an IRS levy. This legal action allows the IRS to seize money directly from your account to cover unpaid taxes — and once it’s in motion, your bank must comply.
Before a levy is issued, the IRS sends a series of notices, including a Final Notice of Intent to Levy. If there’s no response within the time allowed, the IRS instructs your bank to freeze your funds. You then have 21 days to take action before the money is sent to the IRS.
At ONeill Tax Resolution, we focus on preventing levies whenever possible and moving quickly when they do occur. We can negotiate with the IRS, present evidence of financial hardship, or pursue other legal avenues to release your account and protect your remaining funds.
If you’ve received a levy notice — or found your account already frozen — contact ONeill Tax Resolution today for fast, decisive help.
