Bank & Wage Levy

A wooden gavel laying on top of a pile of 100 dollar bills

If your IRS balance remains unresolved for an extended period of time, the IRS will begin to issue levies in order to seize funds to pay the balance due. Levies can be issued to wages, bank accounts, pensions, and even Social Security and Military benefits payments. Since levies on income sources are ongoing, it’s important to address your IRS problem as quickly as possible once they’ve been issued. Levies can often be released by setting up an installment agreement or by establishing a financial hardship.