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Bank Levy Releases

BANK LEVY RELEASES

When you fail to pay your taxes, the IRS can legally take control of your finances and assets. One of the more common ways for the IRS to take control of your finances is with a bank levy. When administering a bank levy, the IRS will freeze your bank account. Eventually, the IRS will take out funds to cover the money you owe. Receiving an IRS notice that your finances and assets are about to be seized is terrifying and frustrating. But you don’t have to handle it alone. The tax resolution professionals at Platinum Tax Defenders have years of experience in successfully helping clients achieve bank levy releases. Don’t let the IRS control your money or your property. It’s time to reclaim the money and materials for which you worked hard. We can help you get there.

WHEN WILL THE IRS ISSUE A BANK LEVY?

The IRS will issue a bank levy after the following:

  • The IRS assesses your owed taxes
  • Thirty days have passed since the IRS issued you a “Final Notice of Intent to Levy” and “Notice of Your Right to A Hearing.”

If you don’t act fast after your 30-day notice, the IRS will immediately collect your finances and assets. The first thing the IRS will do is freeze your bank account, then take your money after a short period. You might not have enough money in your account to cover your tax debt. If you don’t have enough money, the IRS might then come after your wages and personal or business property. Many levies imposed by the IRS are automated and hard to prevent.

A bank levy release is much more challenging to obtain than a wage garnishment release. You often must be able to prove to the IRS that the tax levy is causing you imminent hardship. The better way to go about getting a bank levy released is to prevent it from ever occurring. At Platinum Tax Defenders, we have been successful in getting IRS bank levies released. We have years of experience working directly with the IRS. Our team will handle your tax issues to achieve the best possible outcome for your financial future. Platinum Tax Defenders will get you closer to preventing the IRS from placing a bank levy on your account.

Do not wait

until you receive a bank levy notice. Once you receive the “Final Notice of Intent to Levy” letter, immediate action on your part is necessary. Representation is vital in protecting your family from collection actions.

A bank levy release is much more challenging to obtain than a wage garnishment release. You often must be able to prove to the IRS that the tax levy is causing you imminent hardship. The better way to go about getting a bank levy released is to prevent it from ever occurring. At Platinum Tax Defenders, we have been successful in getting IRS bank levies released. We have years of experience working directly with the IRS. Our team will handle your tax issues to achieve the best possible outcome for your financial future. Platinum Tax Defenders will get you closer to preventing the IRS from placing a bank levy on your account.

Do not wait until you receive a bank levy notice. Once you receive the “Final Notice of Intent to Levy” letter, immediate action on your part is necessary. Representation is vital in protecting your family from collection actions. The longer you take to respond, the less likely you’ll qualify for bank levy releases.

WHAT TO DO WHEN YOU GET A NOTICE OF BANK LEVY

Time is of the essence when you receive a bank levy notice from the IRS. As a result of a levy, your bank is legally obligated to freeze all your accounts for 21 days. During this time, you have the option to pay back the money owed to the IRS. If you don’t pay your taxes in full, the bank sends your funds to the IRS to cover your debt. Once the bank has sent your money to the IRS, it’s nearly impossible to get it back. Unlike wage garnishments, bank levies do not affect other deposits into your account. Your check and cash deposits will remain untouched by the IRS. The money you had in your bank account when the levy took effect may not settle your total bill. In that case, the IRS has the right to go after other assets such as personal property.

CAN MY BANK ACCOUNT BE LEVIED WITHOUT NOTICE?

By law, the IRS must notify you when placing a tax levy on your finances and assets. They will first inform you that you have tax debt to pay. If you refuse to pay, they’ll send a “Final Notice of Intent to Levy.” If you don’t act within 30 days from when you received the notice, it will go into effect. Your bank will receive a notification of seizure of your funds from the IRS. The bank must hold the money for at least 21 days. After the 21 days, your bank is obligated to send your payment to the IRS. Once a levy has taken effect, the IRS will continue withdrawing funds to repay your entire debt.

WHAT ARE BANK LEVY RELEASES?

If you fail to pay your taxes or debt with the IRS, they can seize your finances and a

If you fail to pay your taxes or liability with the IRS, they can take your funds and assets. The bank levy will go into effect immediately after 30 days if you do not respond to your notice. It’s vital that you seek out tax resolution company Platinum Tax Defenders to help you obtain a bank levy release. Getting bank levy releases is hard, but it’s not impossible. The process of securing bank levy releases can also take time. Therefore, it’s essential that you seek out the help of a tax resolution professional now. Don’t wait until the last minute. The longer you wait to pay back your taxes, the more you’ll owe. Platinum Tax Defenders have years of experience getting bank levy releases for their clients.

The bank levy will go into effect immediately after 30 days if you do not respond to your notice. It’s vital that you seek out tax resolution company Platinum Tax Defenders to help you obtain a bank levy release. Getting a bank levy release is hard, but it’s not impossible. The process of obtaining a bank levy can also take time. Therefore, it’s essential that you seek out the help of a tax resolution professional now. Don’t wait until the last minute. The longer you wait to pay back your taxes, the more you’ll owe. Platinum Tax Defenders have years of experience settling clients’ debts for much less than they owe.

HOW DO I GET AN IRS BANK LEVY RELEASED?

There are several tactics you can take to stop the IRS from placing a tax levy on your bank account. You can get the levy lifted by taking care of the obligation, making a payment arrangement, or settling the debt. Here are some ways you can get a bank levy released.

  • Pay your tax debt in full
  • Appeal the tax levy
  • Request an Installment Agreement to pay an agreed upon monthly amount
  • File for an Offer in Compromise. If approved, it allows you to resolve your debt for much less than you owe.
  • Apply for the IRS’ Fresh Start Program, which is for people with tax debts of $50,000 or less
  • Hold out until the statute of limitations runs out after ten years
  • Prove your assets don’t have equity
  • File for bankruptcy

Before deciding which bank levy release method works for you, ask the experts at Platinum Tax Defenders.

CALL PLATINUM TAX DEFENDERS IF YOU’VE RECEIVED A BANK LEVY NOTICE

A bank levy release is much more challenging to obtain than a wage garnishment release. You often must be able to prove to the IRS that the tax levy is causing you imminent hardship. The better way to go about getting a bank levy released is to prevent it from ever occurring. At Platinum Tax Defenders, we have been successful in getting IRS bank levies released. We have years of experience working directly with the IRS. Our team will handle your tax issues to achieve the best possible outcome for your financial future. Platinum Tax Defenders will get you closer to preventing the IRS from placing a bank levy on your account.

Do not wait until you receive a bank levy notice. Once you receive the “Final Notice of Intent to Levy” letter, immediate action on your part is necessary. Representation is vital in protecting your family from collection actions.

WHO WE ARE

Platinum Tax Defenders is a full-service tax resolution firm in Los Angeles that has been helping taxpayers resolve their IRS and State tax issues since 2011. Our team of tax attorneys, accountants, and enrolled agents have a combined more than 90 years of experience in the financial services industry. Our team is ready to provide tax relief services to clients facing wage garnishments, bank levies, liens, and other challenges.

WHAT WE DO

Platinum Tax Defenders is a full-service tax resolution firm that includes a tax attorney, IRS enrolled agents, and certified public accountants specializing in providing tax relief services for taxpayers facing IRS or State tax debt. We work with the IRS on your behalf to come up with reasonable payment options and settlements. Our tax professionals are knowledgeable and experts in tax negotiations. The consequences for unpaid taxes vary by each individual taxpayer’s situation. But unpaid tax debt can lead to wage garnishment, property liens, and bank account levies. Platinum Tax Defenders will help you reach a tax resolution plan before it’s too late.

We offer fast response protection to our clients and a commitment to gaining major tax reductions. Whether this is your first time facing a tax problem, or you have previously hired a tax relief firm in Los Angeles to resolve your tax debt, we have a track record of consistently garnering IRS settlements for our clients.

WHY TRUST US

At Platinum Tax Defenders, we’ve developed an impeccable reputation for doing what’s best for our clients, 100 percent of the time. We are honest and upfront with you about your tax debt situation, and the type of tax resolution services we can provide. Each individual tax situation is different, and we’ll do whatever we can to negotiate with the IRS to help you reach a tax relief plan that works for you. We are experts in our field and work diligently to resolve the specific tax issues that each of our clients face. Platinum Tax Defenders offers fair and honest tax resolution services, and you can count on us to operate professionally and legally.

Many tax relief services in Los Angeles tend to make promises that are unrealistic. You can count on us to always be honest and upfront about your financial situation, and what type of tax resolution results you should expect.

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 Actual Client Results 
Recent Savings: $1,012,060
Client IDOwedSettlement
10665
$108,000$1,016.0
10711$127,000$100.0
10649$146,996$100.0
10671
$67,000.0$800.0
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Contact us at the Platinum Tax Defenders 

I received a letter from the IRS and it says that I didn’t file my taxes. In order to get some assistance, I found Platinum Tax Defenders! The staff took time on the phone with me to really understand my situation also my needs. The staff was friendly and helpful. I highly recommend Platinum Tax Defenders!!!

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Martha B
Tax Relief, www.bbb.org