IRS Levies
An IRS levy can freeze your bank account or take money owed to you without further warning. Speed matters. We contact the IRS, request release where you qualify and negotiate a solution that stops future levies.
How Nelson & Associates handles IRS Levies
Before levying, the IRS must send a Final Notice of Intent to Levy and give you 30 days to request a Collection Due Process hearing. After that, it can levy bank accounts, accounts receivable, retirement accounts, Social Security benefits and other property. Bank levies come with a 21-day holding period before the bank sends the money, which gives a short window to act.
The IRS must release a levy if it is creating an economic hardship, if the balance is paid, or if you enter an installment agreement, among other reasons. We move quickly to document hardship, propose a payment plan or other resolution and request the release.
Who this is for
- Taxpayers whose bank accounts were frozen
- Business owners whose customers received levy notices
- Retirees with levied Social Security benefits
- People who received a final notice of intent to levy
- Contractors with levies on receivables
- Anyone facing repeated levies on new deposits
Everything covered in our IRS Levies service
- Immediate contact with the IRS collection function
- Levy release requests based on hardship or agreement
- Collection Due Process and equivalent hearing requests
- Financial statements to support release
- Installment agreement or CNC status negotiation
- Return of levied funds where the levy was wrongful
- Coordination with your bank or customers
- A plan to prevent future levies
The paperwork behind IRS Levies
| LT11 / Letter 1058 | Final notice of intent to levy and right to a hearing |
|---|---|
| CP504 | Notice of intent to levy state refunds and certain assets |
| Form 668-A | Notice of Levy on bank accounts and other property |
| Form 12153 | Collection Due Process hearing request |
| Form 9423 | Collection Appeal Request |
| Form 433-A / 433-F | Collection information statements |
What we’ll need from you
Have these ready and your first meeting goes faster. Missing something? We’ll help you find it.
- The levy notice and the bank's letter
- Final notices received before the levy
- Bank statements for the levied account
- Proof of monthly living expenses
- Recent income records
- Any prior agreements with the IRS
How it works, step by step
Free confidential consultation
Tell us what the IRS sent and what has happened so far.
Get your IRS file
We pull your transcripts to see exactly what the IRS sees.
Build the solution
We file what's missing and choose the best resolution option.
Resolve and stay compliant
We negotiate, confirm the outcome and keep you on track.
Why clients choose us for IRS Levies
CPA representation
With your signed Form 2848 we deal with the IRS directly, so you don't have to.
Efficient and affordable
We work toward the fastest resolution that fits your finances.
Extremely discreet
Your situation stays private, handled only by authorized staff.
Fraud and forensic background
Our founder has served as an expert witness in federal tax cases.
IRS Levies across the United States
From our Doral office we provide IRS Levies to clients in all 50 states and Washington, D.C. Hover over a state to see its tax profile and the cities we serve; tap it to open the state page.
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Installment agreements, short-term extensions and currently-not-collectible status matched to what you can afford.
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Practical solutions for unpaid federal tax balances, from penalty relief to payment plans and settlements.
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IRS Levies FAQs
6 answers to the questions clients ask most. Don’t see yours? Ask us directly.
How quickly do I need to act on a bank levy?
Immediately. Banks generally hold levied funds for 21 days before sending them to the IRS, which is the best window to obtain a release.
Can the IRS take money from my business customers?
Yes. The IRS can levy accounts receivable by notifying your customers to pay the IRS instead of you.
Will the levy keep taking money?
A bank levy takes what is in the account on the day it's received. Wage and Social Security levies continue until released.
Can I get levied money back?
If the levy was wrongful or premature, or caused hardship, funds can sometimes be returned. Otherwise the focus is on stopping the next one.
Does an installment agreement stop levies?
Generally, yes. While a request for an installment agreement is pending or in effect, the IRS generally won't levy.
Do you offer IRS Levies outside Florida?
Yes. Our office is in Doral, Florida, and we work with clients across the United States and abroad through secure uploads, phone and video meetings and e-signatures. South Florida clients are welcome to meet with us in person.
Talk to a CPA about IRS Levies.
Your initial consultation is free. Call us, email us or visit our Doral office, and we’ll tell you exactly what you need and what it will cost.