We received an IRS levy for an individual. We have no personal account, but there is an account where the individual is the sole owner on a business account and incorporated. Does the levy effect this account? And do the new Beneficial Ownership regulations impact this at all?
This individual is really using this as a personal account and even deposits Social Security checks into it.
I was served a levy by the county sheriff department (California). It specifies 10 days. Will that be calendar days or business days?
We have received a state tax levy (over $5,000) for a company that was dissolved in 2008. However, the president of this company is a current director at the bank. Should we file a SAR for this?
Can I take funds for a tax levy from a customer who has XXCIV SERV benefits?
When a bank receives levies/garnishments, can the bank put the funds that are on hold into another account to wait out the number of days noted on the notice? Or do the held funds have to remain in the account that it is coming from for the number of days noted in the notice?
Are business payroll accounts exempt from a Massachusetts Department of Unemployment Assistance levy? I don't see any language in Massachusetts Law that states this, yet I have a MA DUA Compliance Officer telling me that they are.
Do local state tax levies apply to protected funds?