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Can the IRS Take All the Money in My Bank Account for Back Taxes?

Yes, the IRS has significant powers to seize assets such as bank accounts, retirement accounts, or any real or personal assets you own or have an interest in. It is important to note that the IRS is not going to seize money from your bank account 10 days after a payment was due. There are timeframes involved, and as an experienced and seasoned tax attorney I have many options available to keep the IRS from seizing your assets or taking the money in your account. The key here, though, is action. You can’t keep your head down and hope it goes away, or they will levy your assets to pay your debt. The initial consultation won’t cost you anything, and there are many options I can structure to allow us the time to work the problem together and come up with a solution that will work for you. Call 866-631-3470 and let’s have a conversation about where things stand and how we can work to successfully resolve your issues with the IRS.

Tags: IRS, Levy, bank account, seize assets