My response to a reader’s question about what happens to your bank account after the IRS hits it with a levy. The IRS has levied my bank account and there was not enough funds to...
Read PostCategory: Automated Collection Service, Economic hardship and the IRS, IRS levies and property seizures, Revenue Officers
A common question about the impact of an IRS levy on a bank account: I just looked up my bank account balance, and saw that the IRS sent a levy to my bank. The bank...
Read PostCategory: IRS levies and property seizures
An IRS levy on your bank account can be disastrous – checks not clearing, bank service charges, and concern over paying basic living expenses from the lost funds. The good news is that tax law...
Read PostCategory: IRS levies and property seizures