IRS Wage & Bank Account Levies

The IRS must send you a “collection due process” (CDP) notice before taking levy action, in order to provide you with an opportunity to propose “less intrusive” means for the IRS to attempt tax collection. It is very important to file this form with the appropriate IRS office because the IRS has been known to levy different types of bank accounts and wages immediately after the 30-day period.

Contrary to popular belief, the IRS will establish an installment agreement for taxpayers who need to make monthly installments to pay off their tax liabilities. There are two requirements, though: 1) the taxpayer must not have previously defaulted on an installment agreement, and 2) the taxpayer must be current with the filing of all tax returns. Further, the IRS will at least partially release wage and bank account levies if the taxpayer can show a substantial hardship that results from the levy action.

David A. Sprecace will provide peace of mind that you will not have to endure IRS tax collection action alone, but with a tax attorney of more than 23 years’ experience. Call 303-454-8260 or email Dave at to set up a phone consultation.


Colorado Office
600 17th St #2800s

Denver, CO 80202

Client Reviews

Dave has ridden to our rescue on many occasions. It’s not that I try to get in trouble but Dave is always there to bail me out. Dave went toe-to-toe with the IRS over a several year legal battle. Nothing like having a...

- Russell and Lisa P.

My business partner and I hired Dave to represent us with an IRS tax audit of our company and individual tax returns. There were other family members and other businesses involved, and the IRS initially wanted more than...

- Mark M.

I called Dave to help me file several years of income tax returns. After the returns were filed, Dave filed an Offer in Compromise to get rid of the old taxes. The IRS accepted a small fraction of the original amount...

- Mike W.

When I needed to buy out my business partner, Dave told me of the possible pitfalls with the Operating Agreement, walked me through the entire process, helped me value the company, and make an offer. I was able to keep...

- Yvonne A.

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