bank levy
Date: Tue, 03/17/2009 - 21:00
my bank account was just levied today, monday, from the state not the irs. from what i understand they can only take a payment once. at least from that levy. but they can get another levy again. can they keep taking more money if it is deposited? my federal taxes are due to be direct deposited on friday and i am VERY worried they will take that also. from what i have been reading on the internet they freeze your account for 21 days and you cant withdrawl any money. anybody know for sure how this works? the thought of losing 5500 dollars is making me sick. and the worst part is i just set up a payment agreement. just got the paperwork in the mail yesterday, have to fax it to them tomorrow. can i cancel/shut my checking account when there is a levy on it?
They can leave the levy on until the debt is paid in full. Chanc
They can leave the levy on until the debt is paid in full. Chances are they will also take the tax return that you mentioned. You do have a right to contest the levy and at that point they will hold the funds for 21 days before the money is given to the creditor. Apparently they have a judgement against you ... find out how much it was for an that will tell you how much they are going to take.
Submitted by Mary Adkins Matthews on Wed, 03/18/2009 - 07:44
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