Bank Levies After an EQ Hearing A bank levy is one of the IRS’s most direct and disruptive collection tools. When an Equivalent (EQ) hearing is requested, many taxpayers assume IRS enforcement will pause. In reality, bank levies can continue or begin during and after an EQ hearing. Unlike a Collection Due Process (CDP) hearing,…
Bank Levies After a CDP Hearing A Collection Due Process (CDP) hearing gives taxpayers the right to an independent review of certain IRS collection actions. However, many taxpayers are unsure what happens after a CDP hearing, especially when it comes to IRS bank levies. Understanding how and why bank levies after a CDP hearing may…
Wage Garnishment and Bank Levy After an EQ Hearing An Equivalent Hearing, often called an EQ hearing, allows taxpayers to request IRS Appeals review after the deadline for a Collection Due Process (CDP) hearing has passed. While an EQ hearing provides an opportunity for review, it does not stop IRS enforcement. As a result, wage…
