The IRS has levied my bank account. What happens now?
When your bank receives a levy from the IRS, they are required by law to hold any and all funds that are in your account at the time of the levy for 21 days. This is the time frame we have to work out acceptable options with the IRS.
DO NOT LET THE IRS TAKE YOUR BANK ACCOUNT!!!
A Final Notice of Intent to Levy must be sent to you before the IRS can take money from your bank. This is done by Certified Mail. Quick and appropriate action (within 30 days) can stop the IRS. If you have received this type of notice, you must take immediate action to prevent garnishments and levies.