What Financial Institutions Should Know about a Tax Levy on a Customers Bank Account
Jimerson Firm
DECEMBER 15, 2022
Financial institutions are often required to make tough decisions when they receive the daunting Form 668–A, “Notice of Levy” from the IRS concerning a delinquent taxpayer’s bank account. Thus, it has been held that a tax levy attaches to even “a modicum” of interest the tax debtor may have in the levied upon property.
Let's personalize your content