Bank and Wage Levy Release
565 West Adams Street, Suite 600, Chicago, IL 60661
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The Tax Practice of IIT Chicago-Kent College of Law
The Tax Practice of IIT Chicago-Kent College of Law


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Chicago Attorneys for Bank and Wage Levy Release

Chicago lawyer for wage garnishment

Has the IRS or Illinois Department of Revenue Seized Your Bank Account or Levied (Garnished) Your Wages?

A former IRS Revenue Officer that speaks to my Tax Procedures class every semester always tells my students that the government only levies "to get the taxpayer's attention". And he is absolutely right – discovering that your bank account has been frozen by the IRS or that your employer is now required to withhold 80% or 90% of your paycheck and pay it over to the government can be financially devastating and the urgency trigger for taking care of your tax problems now.

Unlike bank levies and specific property seizures, wage garnishments are continuing – this means that once in place they will stay in place until the tax debt is paid off, the statute of limitations on collecting the taxes expires (generally ten years for federal and twenty years for state), or you lose your job.

When does the government actually get your money? For bank levies, the account is frozen on the date the levy notice is received and the institution has to turn over the funds after twenty days. With wage levies, the employer is required to pay over to the IRS its share the next time you are due to be paid. These provide very short windows of time to intervene before you are without your money! Wage levies can certainly be released after they have been in place, but it is very difficult (though not impossible) to get seized bank account funds back after the money has been paid over to the government.

Contact Skilled Chicago Tax Lawyers

Here at the Tax Practice of IIT Chicago-Kent College of Law we have decades of experience successfully negotiating bank and wage levy releases. After we secure a Power of Attorney to represent you (so the IRS and state can no longer contact you and must instead deal directly with us ), we present an alternative method for addressing and resolving the tax debts in exchange for the levy release. We solicit financial information from you and evaluate which, of several available options, best suits your particular situation, minimizing the impact on your individual and business finances. These alternatives include offer in compromise, installment agreement (full or partial), currently not collectible status, bankruptcy, or some combination.

Our proven success is based on immediate intervention, a personalized resolution plan, strong and long-standing professional relationships with agency employees, and a thorough knowledge of what the government can and cannot do. At the Tax Practice of IIT Chicago-Kent College of Law, you can rely on aggressive, ethical, and personalized representation – I encourage you to make your problem our problem to solve.

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