Overview
Bank Levy can affect cash flow, credit, property, employment, and business operations. The right response usually begins with confirming the tax years, balances, deadlines, and whether required notices were properly issued.
Why this problem matters
- - Frozen funds
- - Returned payments
- - Business cash-flow interruption
Possible resolution options
- - Request levy release
- - Submit financials
- - Negotiate collection alternative
- - Appeal if rights were not followed
Documents to gather
Helpful records may include IRS or state notices, tax returns, account transcripts, proof of income, business bank statements, payroll records, and a current list of monthly expenses.
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