Bank Account Levy
Can seize funds intended for payroll.
This type of levy occurs when the IRS has contacted your banking institution and requested payment from your account for the liability. By demonstrating that the money was to be used to pay employees, bills or other taxes, we can obtain a release of levy, have the money returned to you and establish a payment schedule that’s manageable for your business.
State Levy
Can freeze your bank account, affecting your company’s ability to perform financially.
Depending on the laws of each state, this levy can be either a permanent freeze on your account or a one-time strike. But once the state issues a levy, seizure of your business is usually not far behind. By proving that your business needs these funds to remain in operation, we can obtain a release of the levy, have the money returned to you and negotiate a manageable payment schedule.
Accounts Receivable Levy
Can ruin client relationships.
After just 45 days of issuing an accounts receivable levy, the IRS has first right to all account receivables. This doesn’t only affect your ability to pay bills and employees, it can ruin your relationship with your clients, not to mention your reputation. With our help, these levies can be released and prevented from happening in the future.
"The staff at 20/20 was both very knowledgeable and sympathetic to my ordeal. They were actually on my side. My tax lien was reduced from $250,000 to $7,200 with 5 years to pay, interest free! 20/20 did a great job and I highly recommend them."
- C. Seeger
Sav-Mor Upholstery
New York
Why is 20/20 better than my CPA or Attorney?
Unlike most CPAs and attorneys, our specialty is tax negotiation. Bank levies, accounts receivable levies and notices of seizure are all signs that it is time to call 20/20.