Determining Your Levy Release Date
If you receive bank levy notification from the IRS, then you're probably experiencing some financial difficulties. If this is the case, then you probably can't wait until the day when the levy will stop and you can retain control of your banking account. Waiting around for this to happen can be very stressful, but there are things that you can do that will help. One thing that might help you to deal with this stress is knowing when the levy will be up.
When you have your assets levied, it's going to cause all kinds of chaos in your life. You may not be able to pay your monthly bills in the normal way that you do, and this can really cause problems for you in all areas of your life. You're going to need to do what you can to determine when the IRS is going to stop taking funds from you and you can get your life back to normal. The faster that you find out this information, then the more peace of mind that you can get for yourself.
Where to Find Information
If you want to find out when your levy is going to be released, then you can contact the IRS. If this is a process that's ongoing, then it's going to be good for you to be in constant communication with them anyway. Contact them and find out just how much money you still owe on your taxes. If you have been paying for a while and you want an update on what your current amount is, then you can also contact them to discuss this as well. Feel free to try and get as many updates as you can.
Another way you can find out some information on your release date is by talking directly to your bank. As your bank is going to be handling payments to the IRS, then they are going to have a lot of information that they can update you with. You may be able to just phone and get this information, or it may be a good idea to go in and speak to a financial advisor about what is going on. Actually speaking to someone about the issue may actually make you feel a lot better.
If you are really concerned about the release date for your levy, then you may want to see if you can make arrangements to pay what you owe. If you have some extra money that is not in your account now, then you may want to speak to the IRS about making more payments on what you owe. If you can manage to do this, then you could end up speeding up your release date by a significant amount. Check into your finances today to see if this can be a real option for you.
Get Back on Track
If you can make arrangements with the IRS to handle your debt in another way, then you may not have to worry about determining your levy release date because you won't have to worry about bank levy at all. You really can find ways to work with the IRS to resolve your debts, so you should look into them as soon as you can. There are bound to be several ways that you can work out a repayment plan, so it's in your best interest to try. Not having to deal with a bank levy will be well worth the effort.
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