If you owe back taxes and have been ignoring IRS notices, you're not just on the IRS’s radar — you're on their list. And one of the most disruptive collection tools they use is the bank levy.

At Summit Tax Relief, we work with clients across Oklahoma to help them avoid bank levies entirely — and protect their finances before the IRS acts.

If you’re starting to worry that a levy is coming, here’s exactly what you need to know.

What Is a Bank Levy — and Why Should You Avoid One?

An IRS bank levy is a legal action that allows the IRS to:

• Freeze your bank account
• Hold your funds for 21 days
• Then seize that money to apply toward your unpaid taxes

The IRS does this using Form 668-A, and it’s not a warning. It’s enforcement.

This can wipe out:

• Your rent or mortgage funds
• Payroll and business operating funds
• Retirement or savings
• Any account in your name (personal or business)

How Do You Know You're at Risk?

If you've received any of the following, you're close to levy territory:

• CP504 – Notice of Intent to Levy
• LT11 or Letter 1058 – Final Notice of Intent to Levy
• IRS phone calls or notices
• You owe $25,000 or more in tax debt
• You've missed deadlines for prior payment agreements

Why Bank Levies Hit So Hard in Oklahoma

Unlike wage garnishment — which takes a percentage of your check each pay period — a bank levy seizes everything in your account at once.

And in Oklahoma, where many taxpayers operate as self-employed or small business owners, this can mean:

• Missed payroll
• Bounced checks
• Lost vendor relationships
• Long-term damage to financial stability

How to Avoid a Bank Levy in Oklahoma

1. Take IRS Notices Seriously

If you receive CP504 or LT11, don’t wait. You’re within the final window to act.

2. Stay in Compliance

If you haven’t filed your last few returns — fix it. The IRS won’t negotiate with anyone who isn’t current.

3. Engage a Tax Resolution Professional

Don’t call the IRS alone. A CPA-led firm like Summit can request:

• A Collection Hold
• Submission of Form 433-A or 433-F to show hardship
• Negotiation of:
• Installment Agreement
• Offer in Compromise
• Currently Not Collectible status
• CDP Hearing (if still eligible)

4. Don’t Wait Until Your Account is Frozen

We can help even after a levy hits — but your options are better, faster, and less expensive if you act before enforcement begins.

Why Work With Summit Tax Relief?

• Based in Oklahoma
• Led by a licensed CPA — not a call center
• Focused on $25,000+ tax debt cases
• Flat-fee pricing — no surprise bills
• Same-day IRS contact in most levy-threat cases

You won’t talk to a salesperson. You’ll talk to someone who actually deals with the IRS — and wins.

Related Blog Posts (Internal Links)

• IRS Bank Levy in Oklahoma: What You Need to Know
• How to Stop an IRS Bank Levy Before It Hits Your Account
• IRS Form 668-A – What It Means for Oklahoma Bank Levies
• What Happens When the IRS Freezes Your Bank Account?

Get Help Now

The best way to deal with a levy is to never let it happen in the first place. If you owe the IRS more than $25,000 and haven’t responded to their notices, now is the time to act.


Call Summit Tax Relief at (833) 477-4911
Schedule Your Free Strategy Call

Frequently Asked Questions

📣 About the Author

Marc Boulanger, CPA is the founder of Summit Tax Relief LLC, based in Oklahoma City, OK.

With over a decade of experience helping individuals and businesses resolve serious IRS and State tax issues, Marc specializes in tax resolution strategies including Offers in Compromise, wage garnishment relief, and back tax compliance.

He is licensed as a Certified Public Accountant in both Oklahoma and California, and has a proven track record of helping clients settle complex tax debts and regain financial stability.

📍 Learn more at www.summittaxrelief.com or call (833) 477-4911.