Getting IRS letters is scary — but waking up to a frozen bank account is worse. If you're behind on taxes and you’re seeing IRS notices like CP504 or LT11, you're in the danger zone.

The good news: You still have time to stop a bank levy before the IRS takes your money.

Here’s how the process works in Oklahoma, what the warning signs look like, and what to do next.

What Is an IRS Bank Levy?

A bank levy is when the IRS sends Form 668-A to your bank, legally requiring them to:

• Freeze the balance in your account
• Hold the funds for 21 days
• Then send that money to the IRS

This can include:

• Checking accounts
• Business accounts
• Joint accounts
• Retirement or savings funds (in rare cases)

What’s Your Window to Act?

If you’ve received:

• CP504 (Notice of Intent to Levy)
• LT11 / Letter 1058 (Final Notice)

...you have 30 days from the date on the final notice to:

• File a Collection Due Process (CDP) hearing request
• Negotiate a resolution
• Or take action through a professional (like Summit Tax Relief)

If you wait, the IRS may levy your account — and once that happens, you only have 21 days to try to reverse it before the money is gone.

Common Triggers for Bank Levies

• Ignoring CP504 and Final Notice letters
• Owing more than $25,000 in back taxes
• Missing payments on a prior Installment Agreement
• Filing returns late or not at all
• Not responding to IRS contact attempts

How to Stop the Levy Before It Hits

Here’s the exact process we use for Oklahoma clients:

✅ Step 1: File IRS Form 2848 (POA)

This gives us immediate authority to deal with the IRS on your behalf — so you never have to make another call.

✅ Step 2: Contact the IRS for a Hold

We call IRS collections (ACS or Revenue Officer) to request a collection hold while we prepare a resolution.

✅ Step 3: Submit a Resolution Plan

We’ll evaluate and file for:

• Installment Agreement (IA)
• Offer in Compromise (OIC)
• Currently Not Collectible (CNC)
• Or file a CDP hearing request if still within the 30-day window

What If the Levy Has Already Happened?

If your account is already frozen:

• The 21-day clock is ticking
• We may be able to reverse the levy if it causes a hardship or was improperly executed
• You must act now — waiting guarantees the IRS takes your funds

Why Work With Summit Tax Relief?

• Based in Oklahoma
• CPA-led — not a sales shop
• Flat-fee pricing — no hourly surprises
• We take on serious cases only (typically $25K+ in tax debt)
• We stop IRS levies and garnishments every week for Oklahoma clients

Related Blog Posts (Internal Links)

• IRS Bank Levy in Oklahoma: What You Need to Know
• IRS Wage Garnishment vs. Bank Levy – What’s the Difference in Oklahoma?
• What Happens When the IRS Freezes Your Bank Account?
• Offer in Compromise: How It Works for Oklahoma Taxpayers

Get Help Now

If the IRS is coming after your bank account, you only have days — not weeks — to respond. Don’t lose your savings or business funds.

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.