IRS Bank Account Levy: Can They Freeze Your Money?

Описание: Owing back taxes can be stressful, especially with the fear of the IRS taking your money, like through an IRS bank account levy. This video explains IRS levies and your options to protect yourself from an IRS levy on your bank account.

Learn what an IRS levy is and how it differs from a lien:
IRS Levies Explained: We break down how a levy is like a wage garnishment, but specifically for your bank account, property, or other assets.

Levies vs. Liens: Understand the key difference - a lien is a claim on your property, while a levy allows the IRS to seize it to settle your tax debt. This can include a joint bank account, even if only one account holder owes back taxes.

Don't panic, you have options to stop an IRS bank account levy! This video outlines ways to avoid an IRS levy:

Negotiate a Payment Plan: We'll show you how to work with the IRS on an installment agreement to avoid a levy on your bank account.

File for Hardship Relief: Qualify for reduced payments or even a temporary halt on collection if you're facing financial hardship and can't afford an IRS levy on your bank account.

Seek Expert Help: Connect with tax specialists who can guide you through the process and fight for your rights to prevent an IRS bank account levy.

Learn more about these options in our blog post: How to Avoid an IRS Tax Levy on Bank Account: https://alleviatetax.com/how-to-avoid...

The IRS sends notices before a levy. Don't ignore them! Take action now and explore your options to protect your finances from an IRS bank account levy. Watch this video and learn how Alleviate Tax can help you stop an IRS bank account levy: https://alleviatetax.com/.

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