What would lead to the IRS to levy your bank accounts or other property? The legal seizure of your accounts or property is an extreme measure the IRS could take to satisfy a tax debt. If you have been ignoring the IRS when it comes to filing tax returns or making payments on your taxes, this extreme measure may be used to get your attention. Nothing will quite get your attention as your bank stating that your accounts are essentially frozen due to an IRS levy.
- Hire a tax professional (EA, CPA, or Tax Attorney) to assist you through this process
- Collect documents and records to build your case
- Request a Collection Due Process hearing or
- Prepare to make a payment in full, arrange a payment schedule, or if qualified file for an offer in compromise.