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Posts Tagged ‘bankruptcy’

What to Do When You Have a Bank Levy

In a bank levy, the IRS requests that a bank transfer funds from a delinquent taxpayer’s bank account to settle back taxes. A bank levy can cause financial strain on the taxpayer, as the entire amount of the account – up the full amount owed – can be taken. 1. Contact the IRS To get a levy released, you may either contact the IRS yourself or have ...

Pros and Cons Of Filling For IRS Bankruptcy

July 03, 2015  |   Tax Tips   |   Tags: , , ,  

Bankruptcy should be the last resort, for those who are in financial straits. Before filing for bankruptcy, you must know its pros and cons. Pros and ...