An IRS tax levy can put a great deal of stress on the finances of a household. Is there any way out? How long will this last? And will this IRS collection action ruin my financial status? It is important to become quickly informed on how to release an IRS tax levy. A qualified can help you meet the guidelines, regain access to your bank accounts, and recover seized property.

Making the Right Decision for You

Getting an IRS tax levy lifted is a difficult process. A tax professional has the knowledge and skills to assess your unique financial and tax situation and select the best resolution for you.

The most common sense solution is to pay your tax debt in full. The IRS will immediately halt collection actions against you and the tax levy will be released. However, with most tax debt problems , taxpayers do not have sufficient funds to pay the entire amount. Your can negotiate with the IRS for your best alternative to obtain the release of an IRS tax levy.

Some of the more successful options that will release a tax levy include:

  • Setting up an Installment Agreement – When you enter into such an agreement, the IRS will stop their collection efforts. However, it is important that you not miss one payment. If a payment is missed, you will be found in default of the agreement causing the IRS to re-enforce the tax levy.
  • Setting up a Partial Payment Agreement – If you can show legitimate reasons why you cannot make the payments required for an Installment Agreement, the IRS will allow for smaller payments.
  • Requesting an Offer in Compromise – You must meet strict requirements for this type of relief before the IRS will release the levy. Because this option allows you to settle for less than you owe, it is one of the hardest settlements to obtain.
  • Proving the Tax Levy is Preventing You from Making Your Tax Payments – This requires strong documentation to prove your case. If the IRS releases the tax levy, you must be prepared to immediately pay in full or the levy will be re-instated.
  • Proving Financial Hardship/Proving Your Assets Have No Equity – The burden of proof is on the taxpayer and their ability to convince the IRS of their financial condition.

You need to consult with an experienced tax professional that can help you choose a fair and affordable tax debt settlement, and assist you in qualifying for tax debt relief.

Having a Tax Specialist on Your Side

A tax specialist is knowledgeable of tax laws and tax relief programs currently being offered by the IRS. They can get the release of the IRS bank levy faster than you would be able to do on your own. Your case will be presented with correct, compelling information that will ensure the most favorable outcome. When the IRS takes action against your personal property or your bank account, it is imperative to communicate effectively with the IRS to avoid escalating collection action such as:

  • Compounding interest, penalties and fines
  • Wage garnishment
  • Bank account levies
  • Property liens

An experienced tax professional is skilled in IRS negotiations and can set up a tax debt resolution quickly to limit any assets being seized by the IRS.

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Need an IRS Tax Attorney? Get Tax Relief from our team of experienced attorneys, lawyers, CPA’s and IRS enrolled agents. Free Tax Relief Consultation. 1-888-366-1147


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