Monday, June 29, 2015

IS THE IRS GETTING READY TO LEVY YOUR BANK ACCOUNT? ADVANCE TAX RELIEF LLC (800)790-8574

If they are, how do they know where you bank and work?
In most cases, your bank or employer tells them.
Sometimes, the information the IRS has to levy was supplied by you.
If you have a bank account that pays you interest, that interest is reported to the IRS on Form 1099 INT, along with the name of your bank. Your bank isn’t reporting the information to the IRS because they want to, they are doing it because they have to. Tax laws require banks to tell the IRS the amount of money that they pay you. The reason is to permit the IRS to make sure that you are reporting all of your income on your tax return. But that information is also used by IRS collections to identify where you bank to levy your accounts.
Need IRS tax help? contact us (800)790-8574 for a free consultation

ADVANCE TAX RELIEF LLC - We Solve Tax Problems
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"My husband lost his job and the IRS was garnishing my wages. I called advance tax relief for help, my wage garnishment was released and we settled with the IRS for $1,200 on a $48k debt. Our family is very grateful" - Shirley W, Tampa FL.
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