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There is not a limit placed on the IRS for how many times they can levy your account. It is likely that they will continue to levy funds until you make an arrangement to pay back your owed taxes. However, it is worth noting that the IRS has a 10-year statute of limitations for collecting debts.
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.
You can avoid a levy by filing returns on time and paying your taxes when due. If you need more time to file, you can request an extension. If you can't pay what you owe, you should pay as much as you can and work with the IRS to resolve the remaining balance.
Generally, the IRS can't issue a tax levy until it sends out several written notices\u2014generally four. It can take up to six months or even longer from the due date of your payment, until the IRS can legally levy on your bank account. The last of the IRS notices is known as a Collection Due Process Notice.
The IRS will send a notice to your bank informing them of the levy. The bank is required to comply with the terms of the levy and will freeze the money in your account. You won't be able to transfer or withdraw the money subject to the levy at this point, but you do have some additional time to try to prevent the levy.
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An IRS bank levy is a seizure of the money in your bank account. The IRS can seize all of the funds in the account, up to the amount you owe in back taxes, penalties, and interest. You won't be able to withdraw money from your account once your bank receives the levy notice from the IRS.
Generally, the IRS can't issue a tax levy until it sends out several written notices\u2014generally four. It can take up to six months or even longer from the due date of your payment, until the IRS can legally levy on your bank account. The last of the IRS notices is known as a Collection Due Process Notice.
If there is no conflict in ownership, then after the 21 day period, your bank will send those funds over to the IRS. They are able to levy up to the total amount you owe in back taxes, and the bank must comply. For many individuals, this might mean everything in their entire bank account is completely seized.
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.
To unfreeze your bank account funds and have the levy released, you can: Pay your taxes in full, including interest and penalties. Enter into an installment agreement to pay your tax liability over a period of time. File for an Offer in Compromise to reduce your overall liability and pay the lower amount over time.

notice of levy