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Let Our Experienced Tax Attorneys Help You Unfreeze Your Bank Account

Let us fight for a levy release to help you keep your full paycheck and regain your financial freedom from the IRS.

Get Relief from Bank Levy & Wage Garnishments Near You!

When you owe back taxes, it’s easy to let the pressure build. After all, if you can’t pay, you can’t, right? Unfortunately, the IRS and state tax authorities can and will take drastic steps to collect, including contacting your employer or bank to divert funds until the debt is paid off. A bank account levy issued by the IRS is one of the most extreme collection tools. Wage and bank levies can be devastating, not even leaving you with enough to cover basic living expenses, let alone the cost of good representation.

Although we may not be able to recover what has already been levied, we generally can get the levy released on your paycheck or bank account by requesting a reduction in the amount going to the IRS or even requesting an Uncollectible Status, which means you do not have the financial ability to pay anything currently.

IRS bank levies are legal seizures used to collect unpaid taxes. They allow the IRS to take possession of funds from your bank account to satisfy tax debts. The process is serious and requires immediate attention to manage effectively.

Understanding Bank Levies

A bank levy is a legal action by a creditor or the Internal Revenue Service (IRS) to seize funds from a bank account to satisfy an outstanding tax debt or other unpaid debts. When the IRS has exhausted other collection methods, such as sending notices and making phone calls, they may resort to a bank levy. This serious measure can leave you with limited or no access to your money, making it challenging to cover daily expenses.

The IRS initiates a bank levy by issuing a Notice of Levy to your bank. Upon receiving this notice, the bank must freeze your account and hold the funds for 21 days before releasing them to the IRS. This 21-day period is crucial as it provides a window to resolve the issue or seek a bank levy release. It’s important to note that certain funds, like Social Security benefits, are exempt from an IRS bank levy, offering some protection to those in need.

Wage Garnishments

A wage garnishment is another powerful tool the IRS uses to collect unpaid tax debt. Unlike other creditors, the IRS can issue a wage garnishment without a court order, directly deducting a portion of your wages to satisfy the debt. This continuous levy continues until the debt is fully paid or the IRS releases the garnishment.

When the IRS decides to garnish your wages, they send a Notice of Levy to your employer. Your employer must withhold a specified portion of your paycheck and send it directly to the IRS. The amount garnished can vary but is typically a percentage of your wages. Sometimes, the IRS may also target 1099 wages, affecting independent contractors. This can significantly impact your financial stability, making it essential to promptly address the underlying tax debt.

 If you’ve received notice that your accounts have been levied, you only have 21 days to take action. We can act in one.

How We Can Help You Fight for an IRS Bank Levy Release?

At Lothamer Tax Resolution, we act fast and with integrity. Because time is so pressing in these matters, we offer flexible, interest-free payment arrangements so we can get to work right away. We’re one of the few tax resolution companies in the country that can offer same-day tax help, maximizing the 21-day bank levy time window to negotiate with the IRS directly. Most bank levies can be released within a specific timeframe if addressed promptly.

If a wage garnishment or bank levy is burying you in further debt or threatening other sources of income, such as your retirement benefits, call us to get the relief you deserve. We specialize in IRS bank levy release, negotiating with the IRS to obtain a release, and helping you navigate the complexities involved.

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Wage Garnishment & Bank Levy Success Stories

I appreciated the dedication and professionalism of all the Lothamer members that assisted in resolving my tax issues with the IRS. We were able to achieve a good compromise settlement.

Larry - Livonia, MI

Lothamer Tax Resolution is an outstanding company that treats customers like you are the most important business to them. The staff and the leaders are very responsive and efficient. Lothamer Tax consultants took care of my tax issues and settled quickly with the IRS. I will highly recommend this company to anyone that has any level of tax problems.

Ken O. - Troy, MI

The employees have always done a great job helping me navigate such a complicated road…so patient and kind whenever I call in a panic.

Allison H. - Chicago, IL
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Wage Garnishment & Bank Levy Success Stories

Megan was very helpful.

Kieran H. - Evansville, IN

Lothamer took care of my IRS tax needs in a very efficient manner. Convenient and expedient, kindness without judgment. The IRS worked with Lothamer quickly. An installment payment that I can afford on a fixed income. Andrew Campbell provided excellent service. I could not have done this alone.

Kathy - Ann Arbor, MI

The overall result was amazing! There were bumps along the way but I always felt Lothamer had my back and it would be OK.

George - Howell, MI
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Your Roadmap to Resolution Starts Here

Within 24–72 hours, we can do more than most tax firms do in several weeks.

Step
1

CALL OUR OFFICE To Learn More About Our Process For Getting Same Day Tax Help

For a reasonable fee, we will call the IRS and Request a Stay on Collection, obtain transcripts of years unfiled, balances due, and income reported to the IRS, and provide you with a consultation within three days with a licensed attorney, CPA, or Enrolled Agent.

Step
2

MEET WITH A LICENSED CPA, ATTORNEY, OR ENROLLED AGENT and Get Your Roadmap to Resolution

Our meeting with you will be virtual, using our proprietary video conferencing software, performed in the privacy of your office, home, or vehicle, with a licensed attorney, CPA, or Enrolled Agent to learn about our findings, discuss your options, and provide you with a plan to resolve your tax problem. At this meeting, we will give you an estimated cost for the services to carry out the plan developed.

Step
3

IMPLEMENT THE PLAN Developed in Step 2

Upon accepting the Terms & Conditions in our service agreement as outlined in Step 2, we will immediately start working on solving your tax problem. We will set you up in our eResolution Client Portal, giving you access to critical deadlines and the next steps to view the progress of your case.

Put your tax problem in the rearview mirror. With over 40 years in business and an A+ rating with the BBB, Lothamer has more experience than anyone. We’ve seen it all.

Preventing Future Levies

Preventing future levies starts with addressing any outstanding tax debt as soon as possible. Proactively managing your tax obligations can help avoid a levy’s stress and financial strain. One effective strategy is to set up a payment arrangement with the IRS, such as an installment agreement, which allows you to pay off your debt in manageable monthly payments.

Keeping your tax accounts up to date and responding promptly to IRS notices are crucial steps in preventing future levies. If you’re unsure how to proceed, seeking the assistance of a tax professional can provide valuable guidance and support. Additionally, consider opening a new bank account to ensure you have access to funds in case of a levy. By taking these proactive measures, you can protect yourself from future financial disruptions.

Tax Debt Relief Options

Facing an IRS bank levy or other collection actions can be overwhelming, but several tax debt relief options can help you regain control of your finances. Here are some of the most common options:

  • Installment Agreement: This payment plan allows you to make monthly payments towards your outstanding tax debt, making it easier to manage your finances.
  • Offer in Compromise: This settlement agreement allows you to pay a lump sum less than the full amount of your tax debt, potentially saving you significant money.
  • Currently Not Collectible: If you’re experiencing financial hardship, the IRS may temporarily halt collection efforts by assigning your account a Currently Not Collectible status.
  • Bankruptcy: Bankruptcy can relieve tax debt as a last resort, but it should be considered carefully and only after exploring other options.

Consulting a tax professional is essential to determine the best course of action for your specific situation. They can help you understand your options and make informed decisions about managing your tax debt, ensuring you choose the most effective strategy for your needs.

DID YOU KNOW: A levy on your income could cost you your job, or cost you the loss of a good customer or client. Get resolution before your source of income vanishes.

It Pays To Get Current!

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