When it comes to owing the IRS money, they can and will come after you to collect it. They want their money, and they will make sure they get it, sometimes, in the form of what is known as a bank levy. A bank levy is a forcible action that the IRS can take against you when you owe a tax liability and they have not been able to collect on it. During a bank levy, the IRS will seize your bank accounts and withdraw the money that you owe them. If you are someone who lives paycheck to paycheck then this can be a huge blow to your financial situation.
If you have been notified of a bank levy, there is no time to waste, and it is important that you act quickly. Leading Tax Group has many years of experience helping clients just like you through these types of tax situations. Call our office today to discuss your current situation with our team.