When You Can Appeal an IRS Bank Levy

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With an IRS bank levy, the IRS will contact your bank and freeze your bank account. After 21 days, your bank is required to send the funds plus interest. In many cases, the IRS may not levy your bank account and instead levy your wages. If you have enough money in your bank account to cover the taxes owed, the IRS will usually levy it.

 

Notice of an IRS bank levy can be delivered to you at any time but before a levy goes into effect. Of course, this is not something that the IRS does just for the fun of it. They are not going to move forward with a bank levy until they first try to collect taxes you owe in a more civilized manner. That being said, some people do not acknowledge notices from the IRS. If the IRS cannot get you to respond to their notices or come to a payment agreement with them, they will often times issue a bank levy. It is important to know that there are times…

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