Q: What do I do if the IRS levies my bank account?
A: If you've not retained the protection of a good tax attorney and the IRS actually collects on your tax debt by taking money from your bank account there are still options to restore the taken funds back into your account, but you must act FAST. From the date of the bank action you have 21 days to have the money restored to your accounts,but you must have a plan or strategy to offer the IRS or state in order to have the funds restored. The IRS will likely NOT release the funds back to you until an alternative plan to pay your tax burden is fully developed or in process. A good tax attorney can act fast to help get your levied bank account back to health, as well negotiate directly with the IRS to institute a livable plan to settle the tax debt once and for good.