What is a Wage or Bank Levy?
• When the IRS or State has been repeatedly unable to collect back taxes from someone, they begin to seize assets. This process is called a levy and is generally intended as motivation for the taxpayer to come clean. They will garnish wages, seize bank accounts, demand payment from your businesss accounts receivable, take control of property for auction, and demand title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt. Levies are the most crippling and humiliating of all collection tactics. Theyre designed to force taxpayers into compliance. Thankfully, our staff has years of experience lifting levies quickly and painlessly. Depending on the type and severity of the levy, it usually takes only 2-10 business days for us to successfully get a levy released.
