Can you stop a levy in New Jersey?

Answer 1

Yes, a levy can be stopped, no matter it is an IRS levy or state tax levy.

There are several options to stop a tax levy：

• Pay the tax debt in full
• settle a payment plan if you can't afford it

Answer 2

A federal tax levy issued against a bank freezes the funds that are on the account at that time, any subsequent deposits are not levied unless a second levy notice is filed.

A wage levy, however, is a continuous levy until the taxpayer reaches an agreement with the IRS to resolve the tax liability.

A wage levy can be released by filing form 911 with the IRS, however, you have to prove that you are about to be evicted from your home or that the water is about to be cut off. If that is not your case then you have to either pay the debt in full or enter into an installment agreement to start paying back on the tax liability. If you do not have the ability to start paying back on the tax liability then there are programs available but they take more time to negotiate. Bank Levies on the other hand are very difficult to have released once issued. Again, you can try to prove that you are about to be evicted or something along those lines. If that is not the case after 21 days the bank is under legal obligation to send the funds to the IRS. Hope this helps. Roger Hadad, Effectur Inc., www.irs101.blogspot.com