Bank Levies
Bank Levies
When the IRS issues a bank levy, your account can be frozen without warning. Funds on deposit at the time the levy is processed are immediately restricted, leaving you unable to access your money.
Margolies Law Office represents individuals and business owners facing IRS bank levies and works quickly to secure release before funds are permanently sent to the government.
What Happens During a Bank Levy
The IRS sends Form 668-A directly to your bank. Once received, the bank must freeze available funds up to the amount of the tax debt.
You then have a limited 21-day holding period before the bank is required to remit the frozen funds to the IRS.
This window is critical. Once the money is sent, recovery becomes significantly more difficult.
Why Bank Levies Happen
A bank levy typically follows:
- Assessment of tax
- Notice and demand for payment
- Final Notice of Intent to Levy
- Failure to respond within required deadlines
If no resolution is in place, the IRS can move forward with enforcement.
Margolies Law Office reviews your account history to determine whether proper notice was given and whether procedural violations occurred.
Immediate Steps After Your Account Is Frozen
If you discover your account has been levied:
- Do not ignore the situation
- Do not move funds between accounts
- Preserve all bank records
- Seek immediate legal representation
Margolies Law Office can file the necessary authorization forms and communicate directly with the IRS to request a levy release.
Options to Secure a Levy Release
A bank levy may be released if:
- The levy creates financial hardship
- An Installment Agreement is established
- An Offer in Compromise is submitted
- Currently Not Collectible status is approved
- The levy was issued in error
- A timely appeal is filed
Each case requires strategic evaluation and documentation.
Preventing Future Levies
Stopping the immediate levy is only part of the solution. Margolies Law Office works to implement long-term resolution strategies that prevent additional enforcement actions, including IRS seizures.
This may include structured payment plans, settlement negotiations, or hardship classification depending on your financial condition.
Why Choose Margolies Law Office
Bank levy cases require urgency and direct negotiation with IRS Revenue Officers and collection units. Margolies Law Office focuses exclusively on federal tax controversy matters and understands how to intervene effectively during the 21-day holding period.
Clients choose Margolies Law Office because:
If your bank account has been frozen due to an IRS levy, call (469) 626-7760 immediately to schedule a confidential consultation with Margolies Law Office and protect your funds before the holding period expires.
TESTIMONIALS
“ Andrew Margolies did a great job for my mom who had paid her taxes, but the IRS failed to associate the payment with her account. She kept getting letters demanding payment with accrued interest and fees even though they had cashed her check.
After Andrew started working on it, the letters stopped. We were notified there had been a credit to my mom’s account, and finally the payment was properly applied with a zero balance. She is even receiving a refund.
We’re very happy with Andrew and would highly recommend him.”
T B.
“I came to Andrew Margolies with a significant IRS issue that I had been losing sleep over for months. I spoke with Jennifer on the phone, got in the same day for a consultation, and had a full resolution within 2 business days for a reasonable price. Andrew did exactly what he said he was going to do and provided me with a thorough resolution.
Being 9 months pregnant, Andrew was extremely sensitive to my timeline urgency and was on the phone with me at 5pm on a Friday helping me with my case.
Before meeting with Andrew, I called around to 10 different offices. All of those interactions felt like a sales funnel and a money grab. I can’t explain the relief I have having chosen to work with Andrew and having a resolution within days. We’re absolutely thrilled with the value and the experience.”
C S.
“100% recommended. I had a problem regarding my tax return since the beginning of 2023 and had been trying to follow up myself until 2025 with no progress. I decided to work with Attorney Andrew and Jennifer and in less than a month my problem was solved.
Attorney Andrew is very knowledgeable with reasonable fees and Jennifer is very responsive to all requests and questions. Most importantly they have business ethics. I will not look further if I have any more tax problems.”