Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Bank Levies 888-265-3418
The Nightmare Begins <ul><li>You’re on vacation and go to the ATM to make a withdrawal only to discover that your bank acc...
The Bank Levy <ul><li>A  Bank Levy  is used by the &quot;enforced collections&quot; department to collect when back taxes ...
The Bank Levy <ul><li>Banks may charge a penalty each time the bank account receives a levy.  </li></ul><ul><li>Fees could...
The Bank Levy <ul><li>An IRS Bank Levy is much more difficult to release than a Wage Garnishment but it can be done.  </li...
The Bank Levy <ul><li>Once a bank levy is made on your account, any money that is in the account will be seized.  </li></u...
The Bank Levy <ul><li>While laws may vary from state to state, certain monies in your account may be exempt, including: </...
The Bank Levy <ul><li>Monies that are in the account at the time that the bank receives the levy notice are seized.  </li>...
The Bank Levy <ul><li>If a bank levy has been placed on your account, you may use the holding period of up to 21 days to c...
There is Good News <ul><li>A bank levy  can be released  during  </li></ul><ul><li>the 21-day holding period –  </li></ul>...
Releasing a Bank Levy <ul><li>The IRS has special rules and requirements for releasing Bank Levies.  </li></ul><ul><li>Spe...
About  AmeriPride Tax Group AmeriPride Tax Group represents individuals and businesses in tax matters. www.AmeriPrideTaxGr...
Don’t Delay …  Get Help Today <ul><li>888-265-3418 </li></ul><ul><li>www.AmeriPrideTaxGroup.com </li></ul>
Upcoming SlideShare
Loading in …5
×

Ameripridetaxgroup banklevy

479 views

Published on

AmeriPride Tax Group specializes in resolving state, federal and payroll tax problems including back taxes, penalties, garnishments, levies and liens. Our experienced CPAs, EAs and attorneys help businesses and individuals in all 50 states

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

Ameripridetaxgroup banklevy

  1. 1. Bank Levies 888-265-3418
  2. 2. The Nightmare Begins <ul><li>You’re on vacation and go to the ATM to make a withdrawal only to discover that your bank account is empty … there’s no cash available. </li></ul><ul><li>Your employer deposits your monthly paycheck and you write checks for your bills. Some days later notices from the bank and your creditors come in … the checks were returned for non-sufficient funds. In addition to the levy you now have hundreds or even thousands of dollars in fees. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  3. 3. The Bank Levy <ul><li>A Bank Levy is used by the &quot;enforced collections&quot; department to collect when back taxes are owed. </li></ul><ul><li>Both the IRS and State tax agencies use levies. </li></ul><ul><li>Bank levies are &quot;one time&quot; events that can wreak havoc on a person’s finances and emotions. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  4. 4. The Bank Levy <ul><li>Banks may charge a penalty each time the bank account receives a levy. </li></ul><ul><li>Fees could be over $100 for each bank levy. </li></ul><ul><li>Any checks that were written but not cashed before levy is in place will bounce. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  5. 5. The Bank Levy <ul><li>An IRS Bank Levy is much more difficult to release than a Wage Garnishment but it can be done. </li></ul><ul><li>The levy can attach to almost any type of account (e.g. savings, checking, etc.). </li></ul><ul><li>While most levies occur on accounts held in the United States, the IRS can sometimes levy accounts held off shore. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  6. 6. The Bank Levy <ul><li>Once a bank levy is made on your account, any money that is in the account will be seized. </li></ul><ul><li>If there is not enough money in the account, all money will be removed. </li></ul><ul><li>While withdrawals are not allowed on an account with a bank levy, deposits are. This means that if you have a bank levy in place at the time that your employer deposits your paycheck, this money could be seized as well. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  7. 7. The Bank Levy <ul><li>While laws may vary from state to state, certain monies in your account may be exempt, including: </li></ul><ul><ul><li>Child support payments </li></ul></ul><ul><ul><li>Welfare payments </li></ul></ul><ul><ul><li>Social security payments </li></ul></ul><ul><ul><li>VA benefits </li></ul></ul><ul><ul><li>And more </li></ul></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  8. 8. The Bank Levy <ul><li>Monies that are in the account at the time that the bank receives the levy notice are seized. </li></ul><ul><li>The bank holds the funds in suspension for 21 days before send the money to the IRS. </li></ul><ul><li>State agencies have different holding periods (typically shorter) . </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  9. 9. The Bank Levy <ul><li>If a bank levy has been placed on your account, you may use the holding period of up to 21 days to contest it. </li></ul><ul><li>If you receive a bank levy, you should act immediately . </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  10. 10. There is Good News <ul><li>A bank levy can be released during </li></ul><ul><li>the 21-day holding period – </li></ul><ul><li>but only under certain circumstances. </li></ul><ul><li>AmeriPride Tax Group can help you. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  11. 11. Releasing a Bank Levy <ul><li>The IRS has special rules and requirements for releasing Bank Levies. </li></ul><ul><li>Specific requirements must be met before the IRS will release a bank levy. </li></ul><ul><li>An experienced, qualified tax professional can help. </li></ul>www.AmeriPrideTaxGroup.com 888-265-3418
  12. 12. About AmeriPride Tax Group AmeriPride Tax Group represents individuals and businesses in tax matters. www.AmeriPrideTaxGroup.com 888-265-3418
  13. 13. Don’t Delay … Get Help Today <ul><li>888-265-3418 </li></ul><ul><li>www.AmeriPrideTaxGroup.com </li></ul>

×