IRS Took Money From Your Bank Account? Read This Before It’s Gone

If you logged into your account and noticed missing funds without a clear explanation, one possible reason is that the Internal Revenue Service has issued a bank levy. This action allows the IRS to legally withdraw funds directly from your account to satisfy outstanding tax debt. No phone call, no last-minute warning. What you should know, however, is it it usually happens when one party is ignoring the other. And usually it’s not the IRS ignoring the taxpayer.

Here’s the part most people don’t know. Your money is usually not gone yet. When the IRS levies a bank account, the bank freezes the funds for 21 days before sending it over. That window is your chance to step in and stop it. If you do nothing, the money leaves. If you act, you may be able to:

• Get the levy released (especially if it’s causing hardship)

• Set up a payment plan to stop collections

• Be placed in Currently Not Collectible status

• In some cases, work toward settling for less

This is not the stage to “wait and see.” This is the stage where timing matters more than anything.

If you’re in Las Vegas, situations like these is exactly where having a local tax attorney helps. At Keeton Tax Law, we deal with IRS bank levies and wage garnishments all the time, and we know how to move inside that 21-day window. We’ll tell you straight what your options are and how to protect what you can. Call (702) 530-9709 to book a free consultation. If the IRS is already in your account, you’re on the clock.