There are probably not many feelings worse than the one that happens when your bank or employer notify you that they have been served a Notice of Levy by the IRS instructing them to keep most all of your next paycheck or deliver the funds in your bank account to them. Actually, if the IRS [...]

IRS Plays Mean Trick on Levies I got a call a couple days ago that triggered me writing this article. The caller had their bank account levied by the IRS. The IRS got away with $50,000. Because 26 USC § 6330 provides in pertinent part:   (e)  Suspension of collections and statute of limitations (1) [...]