Bank Levy

Wage Garnishment/ Bank Levy Release

Can You Live Off of 50% of Your Paycheck?
When the IRS or state has tried to collect back taxes unsuccessfully, they will begin to seize assets. So by not opening letters or returning phone calls they will take the next step. This process is called a “levy”. When they attach wages, it’s termed a “wage garnishment”.

The taxing authorities are legally allowed to:

• Seize bank accounts
• Demand payment from accounts receivable (yes, if someone owes you money, they will have to pay the IRS and not you.. effectively putting you out of business)
• Take control of property for auction
• Assume title on vehicles.

Virtually anything of value can be seized to satisfy the outstanding debt. Levies and wage garnishment can be the most stressful and humiliating of all collection tactics. They do this to force taxpayers into willful compliance. We do not recommend that you go at this alone. National Tax Solutions will contact the IRS IMMEDIATELY to release wage garnishment and/or levy.

National Tax Solutions’s tax professionals have been very successful in getting levies lifted and garnishments stopped. We know your rights as a taxpayer and we are here to help. If you are at this point, then your best bet is to seek out our professional help to put a stop to further collection action.