Can the IRS Take Money from Your Bank Account? August 13, 2021 Ryan M. Gaylord John A. Cocklereece, Jr. Tax Controversy Law The Internal Revenue Code authorizes the IRS to impose levies to collect delinquent tax payments. So under certain circumstances, the IRS may be able to freeze and then seize money in your bank account.
What Should You Do if You Receive an IRS Collection Letter? March 16, 2021 Ryan M. Gaylord John A. Cocklereece, Jr. Tax Controversy Law Receiving a tax collection letter from the Internal Revenue Service (IRS) can be very stressful, especially if you do not feel that you have the funds to repay the debt.
The IRS "Notice" Nightmare continues... July 16, 2020 John A. Cocklereece, Jr. Tax Controversy Law In an early June post, I mentioned that the pandemic had shut down the IRS, but that they were beginning the process of slowly re-opening. One consequence of the shutdown was that payment and other notices that would have gone out did not go out. As the IRS ramps back up, these "backlogged" notices should have started to go out as early as July 15. One estimate states that there may be as many as 20 million backlogged notices going out.
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