Landmark Tax Group

Bank and Wage Levy Tax Relief in Burbank


What to Know About Levies and Garnishment in Burbank

If you owe back taxes to the Franchise Tax Board or IRS, your assets and income can be pursued by the taxing authorities as a means of collection.

What is a wage garnishment and bank levy?

The IRS has the authority to collect delinquent taxes by issuing a bank levy to one or more of a taxpayer’s financial institutions. The levy can attach to funds within a checking account, savings account, retirement accounts, and more. The IRS or state taxing authority may also issue a notice of levy to your employer, resulting in an ongoing wage garnishment until the levy is released. Wage levies and bank levies are legal documents that must be complied with by the recipient.

The IRS is levying my bank account and issued a wage garnishment to my employer. What can I do?

Most bank and wage levy actions are taken by the IRS in an effort to grab the attention of the delinquent taxpayer. If you receive a garnishment on your wages or a levy at your bank, be sure to contact the IRS immediately to prevent further collection action. As with other IRS enforcement actions, taxpayers have the  right to file an appeal and receive assistance from a qualified tax professional.

Obtaining Help

If you need help with a wage levy or bank levy in Burbank, contact us today at 1-714-382-6780 for a free, private assessment with knowledgeable Burbank CPAs, enrolled agents, and tax attorneys.

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