๐๐ซ๐จ๐ญ๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฌ๐ฌ๐๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฑ๐ฉ๐๐ซ๐ญ ๐๐๐ง๐ค ๐๐๐ฏ๐ฒ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ข๐ ๐ก๐ฅ๐๐ง๐๐ฌ: ๐๐ญ๐๐ฉ๐ฌ ๐ญ๐จ ๐๐๐ ๐๐ข๐ง ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ
A bank levy can freeze your accounts and disrupt cash flowโacting quickly is essential. First, review your IRS or state notice to confirm levy initiation date and amount. Contact the issuing agency to request a release if you qualify for a hardship exemptionโdemonstrate inability to meet living expenses by providing a detailed financial statement. Explore installment agreements or Offer in Compromise to resolve the underlying liability and secure levy release. If the levy stems from a payroll tax issue, file Form 942 to correct errors or request penalty abatement based on reasonable cause. Maintain open communication with the agency and adhere to new payment plans to prevent re-levy. Document all correspondence and keep copies of payment confirmations for your records.
For professional bank levy assistance services in North Highlands, reach out to OIC Tax Services.
