Review Of Get Bank Levy Back From Irs Thur A Tax Attorney Ideas

Get Your IRS Bank Levy Released Today Platinum Tax Defenders from platinumtaxdefenders.com

How to Get Bank Levy Back from IRS through a Tax Attorney

Introduction

Bank levy is a legal action taken by the IRS to seize funds from your bank account to satisfy a tax debt. This can be a stressful and overwhelming experience, but there is a way to get your bank levy back from the IRS through a tax attorney. In this article, we will discuss the steps you can take to get your bank levy released and how a tax attorney can help.

Step 1: Contact the IRS

The first step in getting your bank levy back is to contact the IRS. You can do this by calling the number provided on the notice you received from the IRS or by visiting your local IRS office. Be prepared to provide your personal information, the notice number, and the reason for the bank levy. The IRS will then review your case and determine whether or not to release the bank levy.

Step 2: Request a Collection Due Process Hearing

If the IRS does not release the bank levy, you can request a Collection Due Process (CDP) hearing. This is a formal hearing where you can present your case to an IRS appeals officer. You must request a CDP hearing within 30 days of receiving the notice of the bank levy. This is where a tax attorney can be extremely helpful. They can help you prepare for the hearing and present your case effectively.

Step 3: File an Offer in Compromise

If you owe more than you can pay, you may want to consider filing an Offer in Compromise (OIC). This is an agreement between you and the IRS to settle your tax debt for less than the full amount owed. If your OIC is accepted, the bank levy will be released. A tax attorney can help you determine if you qualify for an OIC and assist you in filing the necessary paperwork.

Step 4: Request an Installment Agreement

If you cannot pay your tax debt in full, you may be able to set up an installment agreement with the IRS. This is a payment plan that allows you to pay your tax debt over time. If you set up an installment agreement, the bank levy will be released. A tax attorney can help you negotiate the terms of the installment agreement and ensure that it is affordable for you.

Step 5: File for Bankruptcy

If you are facing extreme financial hardship, you may want to consider filing for bankruptcy. This will stop the bank levy and other collection actions by the IRS. A tax attorney can advise you on whether bankruptcy is the right option for you and guide you through the process.

Conclusion

Getting your bank levy back from the IRS can be a difficult and complicated process. However, with the help of a tax attorney, you can navigate the system and increase your chances of success. Remember to contact the IRS, request a CDP hearing, file an OIC or installment agreement, and consider bankruptcy if necessary. With persistence and the right support, you can get your bank levy released and regain control of your finances.

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