Bank Levy Help in Tampa
Direct Attorney Guidance for Frozen Personal & Business Accounts
An IRS bank levy can restrict access to money needed for household bills, payroll, and vendors. Our firm, Regal Tax Relief, represents Tampa taxpayers facing frozen accounts or threatened IRS enforcement. Attorney Brian Loughrin brings more than 20 years of tax law experience to federal and state matters involving individuals and businesses.
Our work includes serious tax debt matters and IRS audits. We also defend clients facing tax crime or tax fraud allegations. If a levy has reached your bank, the timing and account details require careful attention. A direct consultation with Brian Loughrin allows you to discuss the circumstances behind the levy and your response options.
Call (800) 600-1040 to discuss an IRS bank levy in Tampa and the steps available during the bank holding period.
What Happens After the IRS Serves a Bank Levy?
A bank levy is an IRS collection tool directed at funds held in an account. The levy is considered made when it’s delivered to the bank. The bank then holds the affected funds for 21 days before sending them to the IRS.
The freeze can apply up to the levy amount and generally affects funds in the account when the bank receives the levy. Deposits made afterward aren’t included in that particular levy. If the bank doesn’t receive a release during the holding period, it must send the affected funds to the IRS.
Important distinctions during the hold include:
- Bank levy: Applies to funds held in an account when the levy reaches the bank.
- Future deposits: Aren’t captured by the levy already delivered to the bank.
- Wage levy: Concerns earnings from employment rather than the account balance held by a bank.
The holding period doesn’t guarantee that the levy can be released. It provides limited time to contact the IRS, discuss payment arrangements, or identify a possible error before the bank transfers the money.
Immediate Steps After a Frozen Account in Tampa
Start by confirming when the bank received the levy and how much money has been restricted. The dates and details in IRS notices can affect the options available. Don’t discard earlier correspondence, even if the account freeze is the first enforcement step that gained your attention.
Have the following information available when seeking legal guidance:
- The bank’s levy information and the date the freeze began.
- Recent account records showing the balance when the levy arrived.
- Every IRS notice related to the tax debt or collection activity.
- Records concerning prior payments or payment arrangements.
We encourage taxpayers to seek legal guidance before facing a frozen bank account, wage garnishment, or property seizure. If the account has already been frozen, a prompt consultation can clarify what happened, what the notices say, and which discussions with the IRS may be appropriate.
Attorney-Led Representation for IRS Collection Matters
You consult directly with our attorney rather than receiving a standardized response to a serious tax debt problem. We develop a legal strategy based on the levy, the underlying liability, your records, and the IRS notices involved. This approach applies to individual taxpayers and small businesses dealing with restricted operating funds.
We have handled hundreds of tax cases. Brian Loughrin is also admitted to practice before the U.S. Tax Court, the federal court that hears disputes between taxpayers and the IRS. We assess each levy on its facts without promising a particular outcome.
Discuss Your Bank Levy Options
We offer free, confidential consultations for taxpayers seeking bank levy help in Tampa. We review the frozen account, records, and notices to develop a legal strategy tailored to the circumstances. Our contact page outlines how to reach us by phone or form.
Call (800) 600-1040 today to schedule your free, confidential consultation about an IRS bank levy.
