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A bank levy freezes funds in your account after the IRS issues a Notice of Intent to Levyβtypically mailed 30 days prior. During that window, you can request a Collection Due Process hearing or submit Form 12153 to appeal. First, collect recent bank statements and complete Form 433-A (Collection Information Statement) to detail income, expenses, and assets. Evaluate relief options: installment agreements divide your unpaid balance into monthly payments; an Offer in Compromise may settle debt for less than owed if hardship is demonstrated. You can also request a βholdβ on your levy while your case is under review. Staying proactiveβfiling returns on time and responding to IRS noticesβprevents escalated enforcement.
For personalized levy relief strategies and representation before the IRS in North Highlands, OIC Tax Services is here to guide you.
