Tax Levy Release Calculator
Calculate options and timeline for getting IRS levy released.
Status & Eligibility
Bank Levy Timeline
Days Since Levy:827
Days Until Funds Sent:0
Funds sent to IRS. Must request refund if levy released.
Release Assessment
Total Debt:$ 25000
Disposable Income:$ 1000
Hardship Eligible:No
Est. Release Days:30
GOOD - Streamlined payment plan possible
Release Options
| Method | Requirements | Timeline | Success Rate |
|---|---|---|---|
| Pay Full Tax Debt | Pay $25000 total tax debt | Immediate release upon payment | 100% if payment made |
| Streamlined Payment Agreement | Monthly payment of $347, debt under $50K | Levy released upon agreement approval | High for streamlined IA |
Release Checklist
- Contact IRS immediately at 1-800-829-1040
- Request levy release based on hardship
- Submit Collection Information Statement
- Document all expenses thoroughly
- Provide proof of income
- Submit bank statements if bank levy
- Request payment plan if applicable
- File CDP appeal if within 30 days
- Request equivalent hearing if past CDP deadline
- Keep records of all IRS communications
- Follow up within 5 business days
- Request supervisor if agent refuses
- Document hardship circumstances
- Provide medical bills if applicable
- Include utility bills as expenses
Recommendation
CDP deadline passed. Request equivalent hearing within 1 year. Negotiate payment plan or CNC status.
Levy Release Key Points
- Bank levy: 21-day hold window critical
- Wage levy: ongoing until resolved
- Hardship: immediate release possible
- Payment plan: releases levy on approval
- CNC: releases levy temporarily
- CDP: automatic stay during appeal
- Equivalent hearing: within 1 year
- Contact IRS immediately
- Document all communications
- Request supervisor if denied