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IRS Levy Payment After 21 Days Code Details

An IRS levy requires payment after 21 days. - When the 21st day is on a non-business date, when should the funds be sent? - Are the 21 days calendar days? I have found no information in the IRS codes addressing the details of 21 days.

(c) Special rule for banks

Any bank (as defined in section 408(n)) shall surrender (subject to an attachment or execution under judicial process) any deposits (including interest thereon) in such bank only after 21 days after service of levy.

If the 21st day is Saturday and you are not open or Sunday - you would surrender on Monday. It does not say surrender on the 22nd day - just after 21 days.

First published on 09/29/2019

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