What to do when the IRS Freezes my Bank Account in Arizona?
This is one of the best actions the IRS takes to get an Arizona taxpayers attention. When the levy hits your back account, all funds in the account up to the amount of the levy are frozen. You have 21 days to get the problem corrected before the bank is required to send your money to the IRS. If you owe the amount of the levy, the IRS will more than likely get the amount levied unless you can prove the loss of the money will cause an extreme hardship. An IRS levy is a one time event and will not affect future deposits. However, there are always exceptions to IRS actions and rules. For example, if a Revenue Officer issued the bank levy, they can continue to send levies against the bank account to get more of your money. The best course of action is to resolve your IRS tax debt using an AZ professional IRS resolution company. Scott Allen E.A. of Tax Debt Advisors, Inc. can provide you with all of your settlement options. Scott provides a free initial consultation. Contact Scott Allen at 480-926-9300 as soon as you get notice of a levy on your bank account.
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