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IRS Bank Levy - How to Stop it Dead in Its Tracks

By Richard Close

Silent Strike: Like a skilled assassin- a Bank Levy strikes without notice. One day your debit card will be working fine, the next day your card will be declined while you're buying your groceries. The IRS Bank Levy can be devastating and makes normal day to day living impossible.

Letter after Letter: If you're reading this, you may have received some threatening letters from the IRS about your tax debt. If you receive a letter entitled "Final Notice of Intent to Levy" the IRS is letting you know that they intend to Levy your Bank Account. This means that they are in essence, freezing your account and not allowing you access to it. This is one of the most powerful tools the IRS uses to collect their debt.

Act Now: When the IRS freezes your account, they give you 21 days before they seize all the money out of your account. Take advantage of this small window of time and take what steps it takes to make sure Uncle Sam doesn't keep your money.

Ways To Stop A Bank Levy:

1) Hardship Plan: Send a letter to the IRS with evidence proving that if they Levy your Bank Account you will not be able to meet the standards of basic living.

2) Payment Plan: Negotiate a payment plan with the IRS that will have you paying a monthly amount on your debt. The Bank Levy will be removed as long as you continue to pay monthly and on time.

3) Negotiate a Settlement: It will be hard, but you can negotiate a settlement with the IRS to have your debt quickly paid in one lump slum. With the help of a tax professional this could become a reality.

It's your choice: You can let the IRS seize the funds in your bank account, leaving you penniless - or you can act fast and make the right choices. Take these tips and get on the fast track to being debt free.

Now you have the smoking gun...Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips on removing wage, bank, and tax levies; and arms you with the skills to slash your tax debt. Visit at: http://www.irs-tax-levy-hq.com Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058

Article Source: http://EzineArticles.com/?expert=Richard_Close
http://EzineArticles.com/?IRS-Bank-Levy---How-to-Stop-it-Dead-in-Its-Tracks&id=1505877


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