Is your bank account being garnished by the IRS bank levies? Have you been delinquent in terms of your tax payment? Or, have you missed the deadline of your tax payment and now experiencing seizure of your bank account by the IRS bank levy?


A person, who has said yes to at least one of the above placed question, knows very well what an IRS bank levies are. Now, those taxpayers who still know nothing about it sit tight and face the truth that, when you default on tax payment, any day your account can also be frozen in the name of IRS bank levy!



Now the question is what are IRS bank levies? The IRS bank levy is a kind of tax levy, which is imposed by the Internal Revenue Service under the United States Federal Law. According to the US Code, if any person neglects or refuses to pay the due tax within 10 days after notice and demand, the Secretary has the authority to claim the tax by posing levy upon all property and rights to property belonging to such person without court permission. Isn't it a very powerful mechanism of recovering the unpaid tax amount? However, before seizing the account, as per the Fifth Amendment of the US Constitution, the IRS is supposed to inform the taxpayer by mails or by letters about the event and that information must be sent to the person at least thirty days before the IRS bank levy to be effective. The person will also be given a chance of requesting a hearing before the levy and this hearing is called the "Collection Due Process" or CDP hearing. The hearing has to be held in front of a neutral hearing officer who does not have a prior experience relating to unpaid tax.


A person experiencing the IRS bank levy or just has received notice letters from the IRS, should immediately contact the tax professionals to get their experienced suggestions on how to fix the problem of IRS bank levies.