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#2071181 - 03/28/16 04:23 PM Levy against Business funds?
mdog76 Offline
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Joined: Jan 2007
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If we have a levy come in against an customer personally and that customer is listed owner of business accounts also, can we attach the levy to those business accounts as well?

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#2071184 - 03/28/16 04:30 PM Re: Levy against Business funds? mdog76
Doug Hendrickson Offline
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Doug Hendrickson
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If the levy does not specifically indicate the names or EINs of those business accounts, then, no, you cannot. Only accounts in the name or tax id of the person are subject to the levy. I believe a Sole Proprietorship in the customer's name would be subject.
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#2071193 - 03/28/16 05:15 PM Re: Levy against Business funds? mdog76
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
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Next to Harvey
The "businesses." Corporations, partnerships, LLC's, sole proprietorships? If the latter, is the individual named in the levy the owner or just an authorized signer?

Please do not rely solely on TIN's in making these decisions. They are obtained by bank employees and are oftentimes incorrect.
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#2071211 - 03/28/16 06:27 PM Re: Levy against Business funds? mdog76
mdog76 Offline
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Joined: Jan 2007
Posts: 645
These were old accounts, back before CIP but we found on our state's business search that the business was a registered corporation so we can't attach to the business funds. Thanks for the help.

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