Why Can the IRS Take Money From Your Bank Account?

 

The IRS can take money from your bank account through a bank levy if you owe unpaid taxes and have not responded to multiple notices requesting payment.

Before the IRS can levy your bank account, they generally must:

  • Send you a tax bill showing the amount you owe.

  • Mail a Final Notice of Intent to Levy and explain your right to appeal.

  • Give you at least 30 days to respond before taking action.

If you ignore these notices, the IRS may instruct your bank to freeze the funds in your account. After a holding period, the money can be sent to the IRS to help satisfy your tax debt.

The good news is that many bank levies can be prevented. If you act quickly, you may qualify for a payment plan, penalty relief, or another resolution option before the levy takes place.

Don't ignore IRS letters. The sooner you respond, the more options you typically have.

If you've received an IRS notice or are worried about a bank levy, Tax Services of Tennessee can help you understand your options and work toward the best solution for your situation.

📞 615-933-8292

🌐 TaxServicesOfTennessee.com

WE PLAN. YOU PROSPER.

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