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IRS Bank Account Levy Definition & Examples (2023)

When you fail to pay the Internal Revenue Service (IRS), the agency has the authority to place a levy on a bank account, tax return, or other property. A levy is the legal seizure of these assets, and you have a short window of time…

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2023 How to Respond to IRS Notice of Deficiency & IRS Form 5564 Waiver

When filing taxes each year, most people work very hard to ensure that they provide information and documentation that is accurate to their current circumstances because they do not want to face the consequences of an incorrect tax return. If your parents passed away during…

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