You really don't have anything on which to base a SAR filing. A tax levy is not evidence of tax evasion. It could stem from an honest error. Even if the levy you received did originate with a deliberate underpayment of taxes, you haven't indicated how the bank or its accounts were involved. I suggest that you process the levy according to your normal routine and move on to the next challenge.
State tax levy for dissolved company—SAR?
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?
First published on 03/06/2016