Tax Problems Explained
Can the IRS Take Money Directly From Your Bank Account?
15:37
Episode Summary: In this episode of Tax Problems Explained, host LeAnn Lyon is joined by Lawrence T. Ullmann, a seasoned attorney, CPA, and former IRS agent, to demystify the IRS bank levy process. Lawrence explains the circumstances under which the IRS can levy a taxpayer's bank account, detailing the steps leading up to this serious collection action. The discussion covers the importance of…