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Get an IRS Tax Levy Released

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How do you get an IRS levy released?

When the IRS levies a bank account, the first thing I want to know is what day the bank got it. That one date tells me how much room we have to work with.

Here is how we start. We file a power of attorney so the IRS deals with us instead of you. Then we pull your IRS account records and find out what actually happened on the account.

The law lists specific situations where the IRS is required to release a levy. My job is to find out whether your case fits one of them, document it the way the IRS wants it documented, and make the request.

If the IRS approves the release, it can send it straight to your bank or your employer.

While the balance sits, interest keeps running under IRC section 6621. It compounds daily and the rate resets every quarter.

What is an IRS tax levy?

A levy is the IRS taking money or property to collect a tax debt. It can reach your bank account, your wages, your business receivables, and other assets.

A bank levy is a one-time hit. It grabs what is in the account the day the bank gets the levy. Money that lands the next day is not touched.

Then the bank holds that money for 21 days before sending it to the IRS. Those 21 days are the window. It is often the most important three weeks in the whole case.

A levy on your paycheck works differently. It repeats every payday. We cover that on our IRS Wage Garnishment page.

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A professional tax consultant providing guidance on financial planning and tax preparation, highlighting BestTaxPro™'s expertise

When does the IRS have to release a levy?

There are situations where releasing the levy is not optional for the IRS. Under IRC section 6343, a release is required when:
  1. The tax is already paid
  2. The time the IRS had to collect has run out
  3. Releasing the levy would actually help the IRS collect
  4. You have an installment agreement in place and its terms do not allow the levy to continue
  5. The levy is keeping you from paying basic living expenses
  6. The property is worth more than the debt and part of it can be released without hurting collection

That is the part most people never hear. When your facts fit one of these, we are not asking the IRS for a favor.

Which one fits depends on your account and your finances. That is why we look before we call.

Get your 30-minute Consultation Now!

763-477-4205

How I handle a levy case

I do not want to start by guessing why the IRS took the money. I want to see the account.

Get authorized. We file a power of attorney and speak to the IRS for you, on your behalf, so you stop being the one who has to talk to them.

1

Read the account. We pull the IRS records, including the internal transcripts most taxpayers never see, and run them through tools that show us more than you could find on your own.

2

Check filing compliance. Missing returns change what is available. We find out what is missing and handle it.

3

Work the levy. We contact the IRS, find out what it needs, and request the release when the facts support one.

4

Deal with the balance underneath. Getting the levy released does not make the debt go away. We set up a resolution so this does not come back to haunt you.

5

Why work with BestTaxPro™?

You work directly with Joshua A. Webskowski, EA, USTCP.

He has been doing taxes since 2003, more than 20 years. The BestTaxProTM team brings more than 130 years of combined tax experience.

When you call, you reach a real tax professional. Not a sales center that hands your file to someone else after you sign.

Josh wrote the book on IRS problems

Levies are part of the IRS collection process, a subject I have written about for years. My first book, IRS Secrets Revealed, covers Collection Due Process and the alternatives to IRS collections. My book How to Get Out of IRS Problems goes further on liens and levies step by step. Complimentary PDF copies of both are available through BestTaxPro™.

Get Josh’s free eBooks

Frequently asked questions

Has the IRS levied your account? Call BestTaxPro™ at 763-477-4205 or schedule a consultation. Based in Minnesota, helping taxpayers nationwide. In-person and online Zoom meetings are available.

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