Irs Levy Bank Accounts
If you have not been paying your taxes for a few years, the IRS may want to levy your bank accounts. It is common for the government to garnish wages, seize bank accounts and even place you behind bars if you cannot pay your debts. But there are ways to fight back against an IRS levy. How long does an IRS levy last? The IRS has up to ten days to collect back taxes, but sometimes this time can be extended in certain cases. The Internal Revenue Service has a very simple process to start legal proceedings to take your tax debt back through the court system. In a levy, a federal tax lien is filed against your bank account and other property used as collateral. The amount may be small, but if you don’t pay it, the IRS can go after your property until all is paid.
Can you delay irs levy on bank accounts
Can an IRS levy be delayed? If you personally owe the money to the IRS, you can ask for a stay order. A stay order lets the IRS show that you are in default of your obligation to the agency and may result in a lawsuit against you. A valid court order is necessary to get a federal income tax lien removed from your bank account. How do I get my IRS levy bank accounts removed? You can begin the process by calling the Internal Revenue Service. If you have to, you will want to try to get a hold of a Revenue Agent at your local office instead of an office in Houston. The IRS is notorious for not letting people call them in a specific time of day unless they are making an inquiry.
Some people choose to challenge their IRS levies in federal courts. There are two ways to go about this. The first is to go to one of the courts listed in the previous question and ask for a temporary restraining order (TRO). If the TRO is granted, your IRS will have to prove it is doing what it says it is going to do, which can take years. The second way to challenge an IRS action is to go to one of the federal courts listed in the previous question. You will need to convince a grand jury that you are a real legal taxpayer. In order for this to be successful, you need to get yourself a great lawyer. This can see them go into the investigation and for the grand jury to actually believe you are not an illegal tax collector.