Thread Options
#1855797 - 09/26/13 03:28 PM IRS Levy Notification
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
Please place in correct forum if this is not it.

We receive an IRS levy on a former customer who has no funds with us. Do we still send that customer the notification of the Levy addressed to the taxpayer?

Thank you.

Return to Top
Deposits and Payments
#1855828 - 09/26/13 04:02 PM Re: IRS Levy Notification mdog76
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
No, but they do want you to let them know if you don't "owe any money to the taxpayer." Your incentive for doing that is to get them to leave you alone in the future.

I never really thought about it before, but there isn't a lot the IRS could do about it if a bank failed to forward the copy of the Notice of Levy even if there were funds subject to the claim.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top
#1855830 - 09/26/13 04:07 PM Re: IRS Levy Notification Elwood P. Dowd
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
Thanks for the information.

Return to Top

Moderator:  John Burnett