What are Levies?
Whether you fear the IRS may place levies on your bank account in order to collect taxes, or if it has already happened, the time to call an attorney is now. The threat to you is real, and you should take action to protect yourself.
A levy on your bank account is a forceful tax collection method not unlike the seizure of a business or garnishment of wages. Once the IRS instigates a tax levy on your bank account, you are at risk of losing all your cash, if the amount in your account is less than the amount of back taxes owed.
Life After a Tax Levy
Sometimes in bank account levy situations, a taxpayer will open a new bank account out of which to operate in the meantime — but the IRS soon gets wind of that new bank account and seizes it, also.
In all these cases — in cases of tax liens, seizures, wage garnishment and tax levies — the IRS seeks to get the cooperation of a taxpayer, to set up an installment plan. I can help you convince the IRS that you are not uncooperative, and help you avoid harsh action such as bank levies, which I get released as soon as possible. Further, on many occasions after a levy, I am successful in getting your money returned to you, so your business can keep operating and you living comfortably.
Frequently the IRS also levies your accounts receivable, choking your business of cash in another way. The same solutions apply, as with bank levies.
Contact Austin Tax Attorney, John McDuff
The best defense in the event of a bank levy or threatened bank levy is to present an image of cooperation and willingness to deal. It is very important to communicate with the IRS through an attorney rather than directly. Personal service and cost-effective advocacy are hallmarks of my Austin law firm. The quality of my work is well recognized by my clients.