New York City Bank Levy Attorney
If you owe delinquent tax debt to the state or federal government, you may be at risk of having money taken directly out of your bank account by way of a bank levy. The IRS has the authority to issue a bank levy and seize your assets without a court proceeding. If you owe back taxes and may be at risk of a levy or
lien, or if your bank account has already been levied, a
tax law attorney at our New York City law offices can work to protect your assets and property. We will get to work immediately in seeking a release of your IRS bank levy. In addition to resolving emergency situations such as this, we can offer long-term
tax planning advice and can assist you in
negotiating with the IRS or other tax authority to seek a comprehensive resolution.
Our law firm offers multi-level legal and financial assistance to taxpayers throughout Manhattan, Brooklyn and all of New York City who are facing bank levies by the IRS or any taxing authority. We understand that this is an extremely serious situation and will utilize our experience and understanding in this field to stop the levy as quickly as possible.
Bank Levies Caused by Tax Debt
A bank levy may have a dramatic impact on your financial situation. The process begins when the IRS sends a letter and levy notice to your bank. The notice states that the IRS is freezing your bank account, and your bank is therefore ordered to freeze any accounts you have and turn the funds in them over to the IRS. This is a method in which the IRS seeks payment for back taxes. The bank has no choice but to comply with the IRS levy notice and this will leave a taxpayer in a situation where he or she suddenly is denied access to his or her accounts. The IRS can also target funds from any source or account that you own. Your 401(k), insurance proceeds and savings bonds may be at risk.
Tax Law Lawyer Serving Brooklyn and Manhattan
For a confidential consultation regarding your bank levy, contact a
New York City bank levy lawyer
at our law offices today. We can work to protect your accounts.