Testimonials

  • Six years is a LONG time not to pay taxes, and I knew better. I just thought that if I filed some years without paying then the IRS was going to come after me.
  • The fact that I found you on the radio is a true testament to the fact that there is a God who watches over us...
  • When it comes to IRS representation, there are the men and there are the boys, and Travis Watkins is "the man" if you have witholding issues...
  • I visited with another lawyer before I came to see Travis Watkins. I got this heavy salesman feeling, like I just walked on a car lot...
  • I was recommended to Travis Watkins by my son, Michael, an excellent attorney himself in OKC...
  • I hired another firm before hiring the Law Office of Travis Watkins. Big mistake...

Read All

Recognition

Will a bank levy

 

A: No.  A bank levy is a ONE-time levy that can be issued many times.  The IRS recovers the sum of the account on the day it hits your bank, limited only to the amount owed to the IRS.  The bank must hold the funds for 21 days before they remit the funds to the IRS.  This does not freeze the account, as many banks falsely advise their customers.  It only captures the amount in the account on that day, up to the amount of what you owe.  So, it is possible to still do business in the account after the levy. 

As you might guess, the 21 day safe-harbor is an excellent time to explore a collection alternative with the IRS in order to prevent a future bank levy.