Release Your IRS Bank Levy: How a Tax Attorney or Certified Tax Resolution Specialist Can Give You an Advantage

I’ve recently blogged about what an IRS bank levy is and why you as the taxpayer must act immediately to get tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist in order to save your financial well-being.

Now I want to go into more detail about just how a tax attorney can help you release your IRS bank levy. The IRS does provide some guidelines on bank levies but a tax attorney or Certified Tax Resolution Specialist are the ones that can get you the tax settlement to save your financial future.

So how exactly does a tax attorney help resolve your IRS bank levy? In tax terms, it’s called a “release on IRS bank levy”:

In most cases, a tax attorney or a Certified Tax Resolution Specialist can appeal your IRS bank levy by requesting a Collection Due Process hearing with the Office of Appeals. To remove your IRS bank levy, your tax attorney or Certified Tax Resolution Specialist may launch one of these popular IRS bank levy defense:

• IRS bank levy defense #1: The taxpayer will suffer financial hardship (not be able to meet basic needs) if the account is levied

• IRS bank levy defense #2: The taxpayer has paid all taxes owed before the IRS sent the levy notice

• IRS bank levy defense #3: The IRS assessed the tax and sent the levy notice when the taxpayer was in bankruptcy, and subject to the automatic stay during bankruptcy

• IRS bank levy defense #4: The IRS made a procedural error in an assessment

• IRS bank levy defense #5: The time to collect the tax (called the statute of limitations) expired before the IRS sent the levy notice

• IRS bank levy defense #6: The taxpayer did not have an opportunity to dispute the assessed liability

• IRS bank levy defense #7: The taxpayer wants to discuss collection options

• IRS bank levy defense #8: The taxpayer wants to make a spousal defense

Make no mistake about it. There is an urgent need for speed.

You must work fast to beat the 21-day deadline. Get the name, email and fax number of the person at your bank who is responsible for your IRS bank levy release and the same information from the IRS revenue officer who is handling your IRS levy. Even with the help of a tax attorney or a Certified Tax Resolution Specialist, you’ll still need to move very fast to get the Notice of Levy Release to the bank officer in time. Faxes are the fastest way to slay the IRS bank levy dragon. If you wait for the IRS to send you the Notice of Levy Release via U.S. Mail, you could easily miss the 21-day IRS bank levy deadline. If you miss it by just one business day, you’ve missed the IRS levy deadline forever.

You may be wondering what is the advantage of working with a tax attorney or Certified Tax Resolution Specialist to release my IRS bank levy?

Essentially we get between you and the IRS. After learning which tax years are part of the IRS bank levy, have your tax attorney or Certified Tax Resolution Specialist look at those returns. Every tax year is different, so a one-size-fits-all response to an IRS levy on your accounts (personal, corporate, etc.) might be a costly one.

Find out what the IRS says you owe them and have your tax attorney or Certified Tax Resolution Specialist check it against your returns. The IRS may have made some mistakes (happens all the time) that only a tax attorney or Certified Tax Resolution Specialist can spot and fix.

If things don’t go your way with the IRS Office of Appeal and your IRS bank levy isn’t released, that’s when you’ll REALLY need a tax attorney or Certified Tax Resolution Specialist. After the Office of Appeals issues a determination on your IRS bank levy, you have 30 days to have your tax attorney or Certified Tax Resolution Specialist bring a suit to contest the ruling.

An IRS bank levy is terrifying, but with IRS help from a good tax attorney or Certified Tax Resolution Specialist you have the hope of getting your financial life back in order, in some cases paying far less than the IRS says you owe. If you get any IRS bank levy notices in the mail, contact a tax attorney or Certified Tax Resolution Specialist immediately so you don’t have to worry about whether you can buy milk without getting struck by IRS bank levy lightning.

To learn more about IRS bank levies and what your tax resolution options are, visit our IRS Bank Levy FAQs page.

Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to provide you with the tax help you need. Call our office today at 1-866-477-7762 for a free tax resolution consultation or visit www.taxresolution.com

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