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#26548 - 12/10/09 12:41 PM Notice of Levy
buzmeg Offline
New Poster

Registered: 12/10/09
Posts: 1
Loc: Las Vegas, Nv
I received a copy of an IRS Notice of Levy that was sent to my bank. The date of the notice is more than two weeks ago. To date I have heard nothing from my bank. My problem is that I would like to have the levy executed immediately as I will be receiving my monthly social security payment in two weeks. I don't want those funds included in the levy. How can I get the bank to act on the levy immediately?

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#26610 - 12/15/09 10:03 AM Re: Notice of Levy [Re: buzmeg]
The editor Administrator Offline
Power Poster

Registered: 07/25/08
Posts: 4422
Your bank is going to follow the IRS requirements and pay them when required.

I will say that I sued a customer, won, and levied his bank account. His retirement check hit that account and was held.

Some deposits are often not attachable. Your SS check may be in that category. But, the IRS also has separate rules when it comes to the collection of a debt. It is advisable for you to contact the IRS and ask what is going to happen and in what time frame, or contact an attorney (possibly one offering a free first consultation) to see if your SS deposit is subject to the levy.

The bottom line is that unless you work out your IRS debt, this will be a lasting problem.

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#27517 - 02/14/10 06:43 PM Re: Notice of Levy [Re: The editor]
Anonymous
Unregistered


A IRS levy is usually paid out in 21 calendar days after the banks receives the levy. You should contact the IRS & let them know you are on Social Security & they may modify the amount of the levy & allow you to make payment arrangements. Once the IRS locates the an account they will continue to serve your bank with a levy again.

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