Bank levy response form 2025

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If you received a Notice of Levy (form EJ-150), the other side has a court order that lets the sheriff take money from your bank account to pay off the money you owe. This is called bank levy. You can ask the court to stop the bank levy if the money is protected (exempt) from collections.
Usually, bank levies last as long as it takes for the debt to be satisfied. However, your state may place a statute of limitations on how long a creditor can attempt to collect a debt.
What if a levy on my wages, bank or other account is causing a hardship? Contact the IRS at the telephone number on the levy or correspondence immediately and explain your financial situation. If the levy on your wages is creating an immediate economic hardship, the levy must be released.
If you act quickly, you may be able to get some or all of the money back. You have only 10 days from the date of the levy to file a claim of exemption (plus 5 days if the notice was sent by mail) with the sheriff. You must show that the funds taken came from a source of income that is exempt from collection.
If your account has been levied, you may be able to fight the account levy or quickly resolve it. Review the debt. Pay the debt. Negotiate with the creditor. Check the statute of limitations. Contest the lawsuit. Open a new bank account. File for bankruptcy.
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If you receive an IRS bill titled Final Notice, Notice of Intent to Levy and Your Right to A Hearing, contact the IRS right away. Call the number on your billing notice, or individuals may contact the IRS at 800-829-1040; businesses may contact us at 800-829-4933.

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